Upcoming Global IPOs
The IPOX® Newsletters
IPOX® in the News
IPOX® CEO Josef Schuster commented on Standard Nuclear’s decision to cut its proposed U.S. IPO by more than half, lowering its targeted valuation to $2.4 billion amid cautious investor sentiment. He said weak performance among recent IPOs, including SpaceX, is weighing on demand for high-risk, loss-making offerings. Schuster also noted that sector-specific weakness, reflected in declines for NuScale Power and Oklo, is creating a more challenging pricing environment ahead of Standard Nuclear’s planned NYSE debut during its New York launch.
Seeking Alpha featured an analysis of the First Trust US Equity Opportunities ETF (FPX), highlighting the fund’s tracking of the IPOX® 100 U.S. Index. The article discusses FPX as a diversified ETF for exposure to U.S. companies that have recently gone public, with a focus on index methodology, sector positioning, recent performance, and risk profile. It also examines how IPO market trends, AI enthusiasm, and corporate spinoffs may shape the fund’s opportunity set.
IPOX® CEO Josef Schuster told Reuters that Londian Wason New Energy Tech’s U.S. IPO filing could mark an important step for larger Chinese issuers seeking access to U.S. equity markets. Schuster noted that, if successful, the offering may help reopen the U.S. IPO market for bigger China-based deals. He also highlighted Londian’s position as a leading manufacturer of a key battery component, suggesting the company could attract investor interest despite pending pricing details.
IPOX® Associate Muehlbauer commented on Jersey Mike’s U.S. IPO filing in Reuters, noting the sandwich chain’s clear franchise-driven investment story, reported revenue growth, expansion plans and Blackstone backing. He also said the proposed listing could test investor appetite for restaurant IPOs, a category with mixed aftermarket performance. Reuters reported that Jersey Mike’s operates more than 3,300 locations across the U.S. and Canada and plans to list on the New York Stock Exchange under ticker JMKE as public markets reopen broadly.
IPOX® VP Kat Liu commented on Cumberland Farms’ IPO filing in Reuters coverage of the convenience store retailer’s move toward a Nasdaq listing. Liu noted that the IPO market’s reopening has broadened beyond AI and other high-growth sectors, with companies from a wider range of industries coming to market. She also said investors may view Cumberland Farms as a defensive retail business with stable cash flows rather than a traditional consumer discretionary company amid the renewed IPO momentum in 2026.
The IPOX® Update
Global IPO activity is gaining momentum across the United States, Europe and Asia-Pacific. DuPont Registry, Ennismore, Syntiant and Scribe Therapeutics are advancing U.S. listings, while Digi Spain has priced a €330 million offering at €5.60 per share. In Asia, AI chipmaker Rebellions is targeting a South Korean IPO in 2027, with a possible U.S. ADR to follow. The deals highlight renewed investor appetite across luxury, hospitality, telecom, biotechnology and artificial intelligence sectors amid improving market conditions and stronger global sentiment.
Recent IPO activity shows renewed breadth across U.S. and European markets, with large listings and filings spanning restaurants, consumer retail, fintech, digital infrastructure, defence, telecom and healthcare real estate. In the U.S., Jersey Mike’s, Nutrabolt, iHerb and several Nasdaq debutants highlight stronger investor appetite, while Europe’s pipeline includes KNDS, Dusk, Infracore, Digi Spain and Smag. Although market volatility remains a constraint, IPO momentum appears to be broadening beyond AI-led growth stories and defensive consumer names across public equity markets today.
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.