Upcoming Global IPOs
The IPOX® Newsletters
IPOX® in the News
Reuters reported that Mexican silver miner Sinda fell 10% in its NYSE debut after raising $213 million in its U.S. IPO. IPOX® Research Associate Lukas Muehlbauer was quoted on the selective IPO window for mining firms, noting that pre-production miners face investor scrutiny because their value depends on long-term execution. He also highlighted Sinda’s “high-risk, high-reward profile,” citing its appealing location and experienced backing alongside the uncertainty of exploration-stage mining companies in the current market for metals producers and explorers.
Reuters featured IPOX® Associate Lukas Muehlbauer in two articles covering Doncasters’ U.S. IPO and NYSE debut. The aerospace parts maker raised $919.3 million after pricing above its marketed range, then opened 33.3% higher in its first trading session. Muehlbauer discussed Doncasters’ nearly 250-year heritage, post-2020 turnaround, revenue growth, and broader positioning across aerospace, defense, industrial gas turbines, and AI-linked power demand, noting that its investment story extends beyond a pure-play defense theme for Reuters readers following IPO markets closely.
IPOX CEO Josef Schuster commented on Safepoint’s decision to withdraw its planned U.S. listing, telling Reuters that the move appeared to reflect company-specific factors rather than weakness in the broader IPO market. The Florida insurer had sought to raise up to $283.3 million after launching its IPO in May. Reuters noted that the withdrawal came as the IPO market continued to regain momentum, with several Florida-based insurers already completing New York listings in 2025, following recent reforms in Florida’s market.
IPOX® CEO Josef Schuster featured on the First Trust ROI Podcast to discuss post-IPO performance trends, renewed activity in the IPO market, and key dynamics shaping new listings. Schuster highlighted IPOX® research on the long-term divergence between IPO winners and underperformers, the role of diversification in post-IPO investing, and opportunities across IPOs, spin-offs, SPACs, and international markets as investor interest in newly public companies continues to strengthen.
IPOX® Associate Muehlbauer commented on Lime’s planned U.S. IPO in Reuters, highlighting the Uber-backed electric bike and scooter operator’s global scale, cash generation, and strong revenue growth as supportive factors for its proposed valuation of up to $1.66 billion. His analysis also noted key market considerations, including seasonality, regulation, asset intensity, and city-level permit exposure, as Lime prepares to list on Nasdaq under the ticker LIME.
The IPOX® Update
Global IPO activity remained robust, led by U.S. technology, industrial, mining, insurance, and mobility listings, including OpenAI’s delayed IPO plans, Bending Spoons’ US$1.62bn Nasdaq deal, and Doncasters’ strong debut. Europe saw defense, real estate, retail, and IPO research updates, while Asia-Pacific featured Shenzhen’s record China Resources New Energy IPO, plus Hong Kong and ASX candidates, underscoring broad investor appetite across regions, despite some postponements and withdrawals.
U.S. IPO news included SpaceX’s post-debut pullback, Doncasters’ planned listing at up to a $4.43 billion valuation, Brookfield-backed Csquare’s NYSE filing amid AI infrastructure demand, and renewed SPAC interest. Asia-Pacific activity featured Mynt’s Philippine IPO targeting $1 billion and an $8 billion valuation, MetaX’s planned Hong Kong listing of at least $1 billion, Xiaohongshu’s Hong Kong IPO ambitions, Alebund’s $200 million–$300 million Hong Kong IPO, and Qiandaohu’s $150 million–$200 million caviar IPO pipeline across U.S. and Asia-Pacific markets this week.
IPO activity remains concentrated in the U.S., led by SpaceX, OpenAI, SK Hynix, Bending Spoons, and Kakao Mobility, while biotech names Parabilis and Kardigan show renewed sector momentum. Asia-Pacific listings focus on Hong Kong robotics, AI, parking technology, and an ASX gold spin-off. In MENA, Saudi offerings face weaker sentiment, with Arabian Dyar shelving plans and Mutlaq Al-Ghowairi withdrawing its $800 million IPO, despite Ninja testing appetite for a possible $1 billion deal. Overall, mega deals dominate investor attention globally now.