Global companies are preparing IPOs amid varied market conditions. In the U.S., ServiceTitan and CoreWeave plan significant offerings despite financial pressures. European firms like Apotea, Thyssenkrupp's Marine Systems, Odido, and Cirsa are set for listings. In Asia-Pacific, Insta360 and Mr DIY's Indonesian arm aim to go public. MENA's Talabat plans the UAE's largest IPO. Biotech firms Odyssey and Aktis proceed despite sector uncertainties, and Australia's Anteris files for a U.S. IPO.

Medline Industries plans a $5B U.S. IPO in 2025, potentially valuing the company at $50B. Pony AI seeks $260M in a U.S. IPO with Uber investing $10M. ServiceTitan files for Nasdaq listing, targeting SaaS growth. Canadian retailer Groupe Dynamite raises $300M. In Asia, Kioxia aims for $4.8B valuation, while Talabat targets $1.5B in Dubai. Australian DigiCo REIT launches a $1.8B IPO. UAE’s Pure Harvest eyes IPO by 2028.

IPOX® CEO Josef Schuster shared insights with Bloomberg on the renewed optimism in Canada’s IPO market, highlighted by Groupe Dynamite Inc.’s C$300 million debut. Schuster emphasized the IPOX® Canada Opportunities Index's adaptability, which has delivered a strong 36% return this year, outperforming the S&P/TSX Composite Index. The index reflects growing investor confidence and emerging opportunities as Canada’s equity markets show signs of recovery.

Several companies are preparing IPOs globally. Highlights include Klarna's $20B U.S. IPO, Pony AI targeting a $4.48B Nasdaq valuation, and Venture Global LNG raising $3B. In Europe, VEON plans to list Kyivstar, and Carlyle considers a $4B IPO for Flender. Asia sees IPOs from Mokingran Jewellery, Dmall, and Adaro Energy, among others. Meanwhile, Middle Eastern IPOs feature Talabat’s $1B offering and UIHC's $264M debut. Key sectors include fintech, energy, transportation, and tech.

In 2025, notable upcoming IPOs include U.S. AI cloud provider CoreWeave with support from Morgan Stanley, and Canadian pharmaceutical firm Apotex. Europe's Studenac targets dual listings in Zagreb and Warsaw, while Asia sees Japan's Kioxia and Australia’s Cuscal filing. China’s CiDi and GoerTek plan Hong Kong IPOs, and MENA highlights UAE’s Lulu Retail on the ADX. Major expansions and sector-specific listings underscore a globally active IPO landscape.

Armis, a U.S.-based cybersecurity firm, secured $200 million in funding, elevating its valuation to $4.6 billion ahead of a 2026 IPO. South African retailer Pick n Pay plans the largest African IPO of the year by listing its discount chain, Boxer, aiming to raise $452 million to reduce debt. UAE's United International Holding Company seeks $265 million through an IPO on Tadawul to support United Electronics Company.

IPOX® CEO Josef Schuster, portfolio manager and subadvisor to the Rakuten Global IPO Stock Fund, was featured in Japan’s Nikkei Newspaper (日本経済新聞), talking about Reddit’s impressive post-IPO growth, underscoring IPOX's focus on identifying high-potential companies in the evolving global IPO landscape.

Maven Clinic, Chery Holding, and Brazil Potash Corp are each preparing for IPOs. Maven Clinic, a women’s telehealth service, appoints a new CFO for growth ahead of its planned U.S. IPO. China’s Chery Holding eyes a $14 billion Hong Kong IPO. Brazil Potash targets a $77 million U.S. IPO to support potash mining.

IPOX® Research Analyst Dr. Lukas Muehlbauer commented on Septerna's upsized U.S. IPO as the Goldman Sachs-backed drug developer targets a valuation of $743.1 million. Septerna, originally planning to offer 10.9 million shares within a $15-$17 range, has now increased its offering to 15.3 million shares, pricing them at $18 each, to raise approximately $275 million. This move reflects positive investor sentiment for biotech IPOs, which have seen strong performances in the U.S. market this fall.

Global IPO activity is surging: Hyundai Motor India's $3.3 billion offering, the largest in India's history, achieved 18% subscription on day one. Oman's OQ Exploration raised a record $2.03 billion in the country's biggest IPO. UAE's Lulu Group plans a $1.8 billion IPO in Abu Dhabi. Tokyo Metro is setting up a significant listing in Japan. Horizon Robotics, backed by Alibaba and Baidu, launches a $696 million Hong Kong IPO. Pony.ai seeks $300 million in a U.S. IPO.