Not Just Another Index.
It’s The New Generation.®
We offer specialized solutions for investors seeking exposure to New Listings - a proxy for economic growth and innovation.
Upcoming Global IPOs
Beijing ESWIN Computing Technology Co., Ltd. (Ticker: 1256 HK) is a Chinese semiconductor company focused on RISC-V-based chips, chipsets, circuit boards and related software for smart devices, automotive, robotics and industrial applications. The company also provides semiconductor packaging, testing and wafer-related services.
Eswin Computing plans to list on the Hong Kong Stock Exchange on October 9, 2026, offering approximately 1.57 billion primary shares at an expected price range of HKD 1.48 to HKD 1.59 per share. At the top of the range, the IPO is expected to raise approximately HKD 2.50 billion (approximately $318 million). The supplied calendar data indicates an estimated valuation of around $4.3 billion. The offering also includes a 15% greenshoe facility covering approximately 236 million shares. CLSA, CMB International Capital, China Securities International, GF Securities Hong Kong, Huatai Financial Holdings Hong Kong and other firms are among the offering managers.
The IPOX® Newsletters
The IPOX® Update
Global IPO activity accelerated across major markets, led by large technology, infrastructure, fintech and healthcare offerings. Nscale, Oura, Accelevation, ADARx and Bamboo Insurance drove U.S. activity, while Anthropic continued IPO preparations. In Europe, Airtel Money advanced its London listing and Trafigura prepared Volare Shipping for Oslo. Asia-Pacific remained especially active, with Firmus, Mynt, EcoCeres, Kinwong Electronic, Direct Drive Tech and Camsense pursuing sizable listings across Australia, the Philippines and Hong Kong. Investor demand remains focused on AI-linked and growth companies.
Global IPO activity this week featured several large planned offerings alongside notable delays. Firmus Technologies is seeking up to $5 billion in Australia, while Bamboo Insurance targets up to $700 million in New York. BASF advanced plans for a major Frankfurt listing, and Revolut and Vue explored future London-linked IPOs. Holtec, Dusk and Forms Syntron postponed or shelved offerings. Other deals included Linjemontage in Stockholm, Wiluna Mining in Australia and RoboTechnik’s $800 million Hong Kong secondary listing during the period.
Global IPO activity is accelerating into the fall, with major prospective listings spanning the U.S., Europe, Asia-Pacific and MENA. Altera leads the pipeline with a potential $2 billion-plus U.S. IPO, while Holtec Nuclear, Stratolaunch and Orion180 advance offerings. Europe features Belron and Ignis, while Asia-Pacific activity includes AirTrunk, Mynt, Musinsa and Transwarp Technology. In MENA, MNT-Halan has begun the Cairo listing process, highlighting broad investor appetite across technology, infrastructure, defense, insurance and fintech as issuance momentum builds toward year-end globally.
IPOX® in the News
Reuters reports that Airtel Money is targeting a valuation of approximately $7 billion in its London IPO, which could become the city’s largest offering since September 2025. IPOX® Associate Lukas Muehlbauer said the deal demonstrates London’s ability to attract sizable international listings while also reflecting a buyer’s market. He noted that companies must remain realistic about valuation as Airtel Money prepares to raise about $703 million through the sale of 270 million shares ahead of its October debut.
Reuters reports that Oura postponed its planned U.S. IPO as market volatility and higher interest rates increased investor caution toward new listings. IPOX® Associate Lukas Muehlbauer commented that higher rates are making investors more selective, particularly on growth valuations, while noting that the IPO window remains open. He also highlighted reported demand for Oura’s offering, which was said to be around four times oversubscribed, and pointed to Anthropic’s planned IPO as an important upcoming market test.
Reuters reports that Accelevation is targeting a valuation of up to $5.37 billion in its U.S. IPO, seeking to raise up to $720 million. IPOX® Vice President Kat Liu said investors are becoming more selective as AI infrastructure offerings expand, focusing on companies’ value-chain positioning, backlog quality, and ability to convert demand into revenue, margins, and cash flow. Accelevation provides power distribution, cooling, and modular infrastructure for data centers supporting growing AI computing demand.
IPOX® CEO Josef Schuster commented in Barron's on how growing retail access to IPO allocations through platforms such as Robinhood, SoFi and Coinbase could influence short-term trading in newly listed companies. Discussing Oura’s upcoming IPO, Schuster noted that restrictions on future IPO access may discourage investors from quickly selling allocated shares, potentially affecting early trading dynamics. The article also highlighted IPOX®’s broader role in IPO market research and its index tracked by the First Trust US Equity Opportunities ETF.
IPOX® Associate Lukas Muehlbauer was interviewed by Kauppalehti, Finland’s leading business and financial newspaper, about Oura’s planned U.S. IPO and growth outlook. The article examines Oura’s strong revenue momentum, targeted $12.8–14.1 billion valuation and offering structure. Muehlbauer discussed how the valuation reflects significant future growth expectations and noted that much of the stock being offered comes from existing shareholders, meaning Oura itself is expected to receive only a portion of the proceeds raised through the transaction as part of the IPO.