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.
New: The IPOX® High Dividend 7% Strategy
An Innovative Index Strategy
combining Income & Growth!
Upcoming Global IPOs
The IPOX® Newsletters
IPOX® in the News
A recent Reuters article discusses the upcoming U.S. IPO of HMH Holding, an oil and gas equipment maker backed by Baker Hughes. Targeting a $948 million valuation, HMH is entering the public market to capitalize on soaring crude prices amidst ongoing geopolitical volatility. IPOX® CEO Josef Schuster provided commentary on current investor sentiment, noting that while the broader IPO landscape is a highly price-sensitive buyer's market, it remains exceptionally receptive to companies within the defense and energy sectors.
A recent Reuters article covers the U.S. initial public offering filing of AEVEX, a private equity-backed defense technology contractor. The piece highlights that despite geopolitical volatility, the IPO market remains highly receptive to defense stocks as global military spending accelerates. IPOX® CEO Josef Schuster provided expert commentary on this favorable listing environment, noting: “The IPO window for defense-related firms is wide open... Defense is generational growth.” He also analyzed AEVEX’s strong financial trajectory leading up to its NYSE public debut.
In a recent Nikkei feature, IPOX® CEO Josef Schuster provided expert commentary on PayPay's $12.1 billion debut on the U.S. Nasdaq. The Japanese smartphone payment giant, backed by SoftBank, aims to leverage its new capital to build a comprehensive digital financial platform. While acknowledging the fierce competition from established U.S. payment giants, Schuster highlighted a unique opportunity for PayPay to fill a void in the market, despite structural concerns regarding the offering's limited share liquidity.
A recent Reuters article covers the highly anticipated $880 million Nasdaq IPO of SoftBank’s digital payment giant, PayPay. Despite global market volatility, the Japanese app successfully debuted with a $10.7 billion valuation. IPOX® Research Associate Lukas Muehlbauer provided commentary on the offering's strategic pricing and the company's unique market position. Muehlbauer highlighted that we are currently in an IPO "buyers' market" and noted that PayPay's dominant domestic strength insulates it from broader geopolitical and macroeconomic concerns.
Reuters covered the Nasdaq debut of Medtronic's diabetes unit, MiniMed, which opened below its offer price amid heightened market volatility. The $5.35 billion listing highlights ongoing challenges in the new issues market. IPOX® Research Associate Lukas Muehlbauer provided expert commentary on the debut, noting that while the offering "shows that the U.S. IPO market is still open," current economic conditions clearly dictate "that it has become a price-sensitive buyers' market."
The IPOX® Update
In the U.S., crypto exchange Kraken has frozen its multibillion-dollar IPO amid challenging market conditions, while Samsonite shareholders approved a strategic dual listing. South America sees Brazilian sanitation firm Aegea targeting a massive $7.8 billion valuation. Meanwhile, Asia-Pacific activity remains robust, highlighted by ByteDance-backed Dongchedi's planned $1.5 billion Hong Kong debut and a groundbreaking new partnership between Nasdaq and SGX to establish a unified Global Listing Board.
SpaceX, the rocket manufacturer founded by Elon Musk, is considering a megacap Nasdaq IPO that could value the company at a staggering $1.75 trillion. A listing could occur by June 2026 if the firm secures early inclusion in the Nasdaq 100 index. Meanwhile, Japanese digital payment giant PayPay, backed by SoftBank, successfully debuted on the Nasdaq with a $12.1 billion valuation. IPOX® CEO Josef Schuster noted the company’s unique opportunity to fill a market void despite structural concerns.
The global IPO market is currently heating up with several blockbuster listings in the pipeline. SpaceX is preparing for a record-breaking $50 billion public offering, recently adding Citigroup to its underwriter lineup. In the consumer sector, Roark Capital is weighing a $2 billion IPO for Inspire Brands, the owner of Dunkin'. Meanwhile, Europe anticipates a major boost to the London Stock Exchange as Oaktree Capital Management selects banks for a £2.5 billion listing of wealth management provider Utmost Group Plc.