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IPOX® in the News
Netskope Inc.’s IPO is seeing strong demand as investors bet on rising cybersecurity spending fueled by AI-driven threats, reports Bloomberg. Despite ongoing losses, the firm’s rapid revenue growth and AI-powered platform have drawn attention. Commenting on the deal, IPOX® Founder Josef Schuster noted: “It will be received OK. It’s a deal that really underscores how much more mature the IPO market has become recently.”
StubHub’s NYSE debut saw early gains erased, with shares closing 6.4% below their IPO price at $22, valuing the company at $8.09 billion. The listing underscores renewed IPO activity but cautious investor sentiment toward ticketing platforms. Commenting on the debut, IPOX® Vice President Kat Liu noted: “With revenue growth still slow and the industry under scrutiny for fees and fairness, investor appetite looks more measured than exuberant.”
The U.S. IPO market is showing its strongest momentum in four years, with funds raised from January to September 2025 up 35% year-on-year to $43.3 billion. High-profile listings, including Gemini Space Station and Klarna, highlight investor appetite. IPOX® founder Josef Schuster noted, “A golden age of IPOs has arrived in the US.”
Transit tech company Via Transportation (NYSE: VIA) went public on the New York Stock Exchange at a $3.5 billion valuation, though shares fell 4.4% on debut. The IPO raised $493 million, with shares priced above the marketed range. Commenting to Reuters, IPOX® Vice President Kat Liu highlighted risks in Via’s model, citing “lower margins, slower scaling across jurisdictions, and dependence on local relationships and regulatory compliance.”
Klarna’s $1.37 billion U.S. IPO marks one of 2025’s most closely watched fintech listings, valuing the company at $15.1 billion. In Reuters coverage, IPOX® VP Kat Liu highlighted Klarna’s strong brand presence, noting that recognition is “as critical as the business model” in the competitive fintech space. The debut underscores renewed investor appetite for high-growth IPOs despite ongoing profitability challenges across the sector.
The IPOX® Update
Global IPO activity is reaccelerating across regions. In the U.S., Klarna raised $1.37 billion, StubHub targets up to $851 million, and Via priced a $493 million debut, with IPOX VP Kat Liu highlighting brand power and public-sector risks. Europe features SMG Swiss Marketplace Group’s CHF 43–46 range and NOBA’s planned Stockholm float. Asia-Pacific sees Zijin Gold’s about $3 billion Hong Kong deal, Hesai’s raise, and Big Caring and Butong. MENA adds Bateel’s planned Riyadh listing.
In the U.S., StubHub and Netskope prepare billion-dollar IPOs, while Advent eyes a $12 billion listing of Innio. Asia sees Zijin Gold’s $3 billion Hong Kong debut and Chery Auto’s $2 billion approval. Europe features Rolls-Royce exploring an SMR IPO and Czech grocer Rohlik weighing listing. In MENA, Sabic slows its gas unit IPO, while Gulf Cryo considers options.
Global IPO momentum is building into September. In the U.S., Klarna and Netskope target ~$1bn raises, alongside Pattern, Andersen, Avant, Lendbuzz and a $250m SPAC. Canada’s GO Residential REIT shows mixed sentiment. Europe eyes a Frankfurt–Zurich revival, with Stada watching conditions. Asia-Pacific features Chery’s $1.5–$2bn HK float, a >$1bn Singapore REIT, Japan’s Tekscend, Hesai, and Korean deals. MENA sees Jamjoom’s Nomu filing and Abu Dhabi–registered Uzum plotting a 2027 IPO.