VinFast, a Vietnamese EV automaker, saw a 255% debut surge on Nasdaq, pushing its market cap past GM and Mercedes-Benz. Chairman Pham's net worth surged to $44.3 billion. Meanwhile, Hong Kong Exchange expects a bright IPO future after a 30% dividend hike. Their half-yearly revenue hit HKD10.58 billion. Rob McEwen ponders an IPO for his Argentina copper venture with a potential offer size of $100-$150 million. Lastly, two Chinese firms plan to raise $1 billion via GDR share sales in Zurich, amid a slowdown in Chinese issuances, signaling a potential Zurich GDR market revival.

YouGov, a UK-based pollster, is considering a U.S. stock listing and has appointed former Meta executive, Steve Hatch, as CEO. Australian marketing software firm, Rokt, aims for a 2024 Nasdaq listing valued at $2.4 billion amidst legal controversies, including allegations of drug use and harassment. CVC Capital Partners is exploring an Amsterdam stock market listing, potentially by end of 2023, after postponing its 2022 plans due to the Russia-Ukraine conflict. Vietnamese EV manufacturer VinFast lists on Nasdaq after merging with Black Spade Acquisition, aiming to compete with brands like Tesla.

Germany's IPO sector is witnessing a surge, with listings potentially exceeding €20 billion. Notable IPOs include those from DKV Mobility, Douglas, and Porsche. Olam Agri has delayed its IPO following a 90% profit decline, largely due to poor Australian almond yields. Dutch solar mounting company Esdec is targeting a New York IPO with a projected valuation of $5 billion. Vietnam's electric vehicle maker, VinFast, plans to list in the U.S. through a SPAC merger. Despite recent slowdowns, the biotech IPO market is anticipated to rebound. Biogen's acquisition of Reata Pharmaceuticals highlights the potential synergy between biotech IPOs and pharma M&As.

Johnson & Johnson's exchange offer resulted in Kenvue joining the S&P 500, boosting after-hours trading. Investor optimism about the IPO market's revival is revealed in a KKR survey, with a preference for discounted pricing due to past IPO underperformance. Major listings and considerations include Rakuten's credit card unit, AIR's UAE-based IPO, and L'Occitane's potential European relisting amid its Hong Kong exit. Meanwhile, Midea is aiming for a Hong Kong listing, Tsinghua Unigroup is weighing options for Linxens, and regulatory shifts in China are encouraging softer language in IPO documentation. Lastly, Australian childcare company Nido prepares for its IPO.

Amazon is considering a key investment role in British chipmaker Arm's expected $10 billion IPO, elevating its valuation to around $70 billion. Competition between the NYSE and Nasdaq grows, with Nasdaq securing Instacart and Arm, while NYSE gains Klaviyo and Birkenstock listings amid an IPO market resurgence. Despite a significant rally by Cava Group Inc., US IPO earnings in 2023 have plummeted 94% from 2021, leading to mixed expert predictions. Dutch retailer Royal Ahold Delhaize ponders an IPO for e-commerce subsidiary Bol.com after shelving previous plans. German fleet company DKV, supported by CVC, revives its IPO plans targeting up to €4 billion.

SoftBank's chip design unit, Arm, plans a Nasdaq listing in September, anticipating a $60 billion market cap. Apple and Samsung have expressed interest in the firm, which recently reported a revenue drop of 11%. The MENA region saw 13 IPOs in Q2 2023, raising $1.8 billion, while the first half totaled $5.2 billion from 23 IPOs. Norwegian firm HydrogenPro is eyeing a Nasdaq IPO to fund its U.S. expansion. Novo Nordisk's shares spiked after positive trials of its obesity drug, Wegovy. Chinese EV battery maker, Beijing WeLion, plans a 2025 IPO, boasting technology that has attracted major carmakers.

Next week, three companies from various industries are set to go public. South Korea's first fabless chip unicorn startup, Fadu Inc, aims to raise $147m in its IPO. Indonesian company, Sinar Eka Selaras Tbk PT, plans an IPO with a $27m offering size, while JRC Co Ltd, a Japanese manufacturer of conveyor belt systems, aims to raise $47m. Meanwhile, Swedish property developer, SBB, considers a $3.4 billion IPO for its residential unit. Mainland China's stock exchanges saw no new IPO filings in July due to heightened listing thresholds and a weakened macroeconomy. Despite the summer, the Middle East IPO market remains resilient with multiple listings, including the UAE-based G42 Group. Lastly, Air Baltic is considering an IPO as early as September 2024, with a potential market value of at least €800m.

Arm, SoftBank's semiconductor unit, targets a potential record-breaking September IPO with a valuation of up to $80 billion. Meanwhile, Dubai’s Roads & Transport Authority (RTA) is set to enter the IPO market with its taxi and parking divisions. Germany's Oldenburgische Landesbank (OLB) has signalled readiness for a potential IPO after reporting a half-yearly profit of over €100 million. South Korean steelmaker Nexteel plans an IPO to bolster competitiveness, aiming to raise up to 87.5 billion won. Finally, Spain's industrial group Bergé is exploring an IPO for its car unit Astara, potentially valued at €2 billion.

German footwear brand Birkenstock is planning an $8 billion IPO, backed by private equity firm L Catterton and LVMH. Biopharmaceutical firm Adlai Nortye has filed for a $115 million US IPO as it works on developing its oncology drug. Uber has reported an unexpected Q2 net income of $394 million, despite revenue being slightly below expectations. Spanish electric vehicle maker QEV Technologies is planning an Amsterdam IPO via a SPAC merger. Lastly, the Hong Kong Exchanges & Clearing unit has eased rules on IPO candidates disclosing risks related to China.

Three US Micro-IPOs are set to debut: Fitell Corp, an Australian fitness equipment retailer, seeking $15M; Cheetah Net, a luxury car importer, aiming to raise $6.3M; and Pixie Dust Technologies, a Japanese tech firm looking to garner $19M. Meanwhile, Citigroup predicts continued robust Middle East IPO activity into 2024, with Dubai and Saudi Arabia as hotspots. SF Holding, China's largest express delivery firm, plans a $3B Hong Kong IPO in August. Lastly, South Korea's Huons Biopharma, a maker of Botox products, prepares for its IPO, aiming for a $785M valuation.

California airline Surf Air Mobility's shares plummeted in a NYSE direct listing, while South Korean firm Yudo is preparing for a $100M US IPO. Majestic Ideal Holdings is set for the first Chinese US IPO under stricter share sale rules, and Cinema XXI, Indonesia's leading cinema chain, has priced its IPO at the lower end. Crypto mining retailer Phoenix Technology is in preliminary talks for an Abu Dhabi IPO, and Chinese used car marketplace Taoche seeks $200M ahead of a 2024 US IPO. Anhui Conch Material, a subsidiary of a Chinese cement producer, is planning a $100M Hong Kong IPO.

US regional carrier Surf Air Mobility is preparing for a major direct listing following a merger with Southern Airways. Middle Eastern IPOs have garnered $5.1 billion in 2023, driven by private companies and contributing 34% of EMEA's total IPO proceeds. Hong Kong Exchanges and Clearing and the Indonesia Stock Exchange are joining forces to explore cross-border listings. French automaker Renault's Ampere IPO looks promising despite concerns about its pricing strategy. Chinese titanium and zirconium refiner Guangdong Ubridge is planning a $300 million IPO on the Hong Kong Stock Exchange as part of its global expansion strategy.

Greyhound Bus and train operator Flix plans an IPO for 2024, while Australian crypto tech firm DSS looks to Nasdaq for its IPO after being rejected by the ASX. Meanwhile, Pertamina Hulu Energi and PT Akseleran Usaha Indonesia have halted their IPO plans, citing unfavorable market conditions. Italian steelmaker Feralpi aims for a 2024 IPO, while China's Ant Group is planning restructuring before its IPO. In EV news, Renault and Nissan commit to joint projects, potentially including an IPO for Renault's EV unit, Ampere. Singaporean biotech firm Mirxes applies for a Hong Kong IPO and Chinese AI tech firm Haomo Zhixing considers a similar move.

The IPO market signals a potential rebound, highlighted by Oddity Tech's successful debut and upcoming IPOs from Arm, Klaviyo, Turo, and Birkenstock. Meanwhile, UAE-based classifieds platform Dubizzle has engaged Citigroup and HSBC for a potential IPO. Citigroup has also acquired Deutsche Bank's Mexican license, setting the stage for its Banamex unit's IPO. Australian mining firm Molycop plans a $680 million IPO amid rising copper demand. Contrarily, China's securities watchdog has called for less negative policy descriptions in U.S. IPO prospectuses, a move that may deter global advisors and banks from facilitating Chinese IPOs.