IPOs worldwide - statistics & facts
Recent Initial Public Offering (IPO) trends have signaled a change in the global IPO landscape. In the past, the race to go public was typically a Wall Street story; recently, however, this race has become more globalized as markets from across the globe generate billions of U.S. dollars in proceeds.
Market trends
An increasing number of markets, including the National Exchange of India, have gained attractiveness to businesses looking to list publicly. India's National Stock Exchange and Bombay Stock Exchange jointly led the world in the number of IPOs, with over 250 new companies going public on the Indian market. Continuing the trend of IPO success in Asia, the National Stock Exchange of Hong Kong came out on top in terms of IPO proceeds, having outperformed the NYSE and the Nasdaq. By the third quarter of 2025, Hong Kong had generated over 23 billion U.S. dollars in IPO proceeds. This marks a structural shift rather than a cyclical blip, as firms increasingly choose Hong Kong for listings, drawn by streamlined procedures and enhanced market liquidity. While India's deep domestic savings pool and a growing cohort of profitable, mid-sized companies have provided the fundamental supply of quality issuers. Meanwhile, Nasdaq retained its position as the leading venue for technology-driven issuers, reflecting its unmatched ability to attract high-growth companies seeking global institutional capital.
IPO deals
Looking at IPO deals on an individual level, the ten largest IPOs worldwide in 2025 varied by scale and sector, spanning security, technology, and financial services. Verisure's listing topped the global chart, raising over 3.5 billion U.S. dollars, while Zijin Gold International Co., Ltd. raised 3.3 billion U.S. dollars, underscoring investor appetite for asset-heavy and cash-generative business models. Many companies engage in dual or multi-listing. Choosing to raise capital by listing on multiple exchanges. Many cross-border listings have featured prominently on U.S. exchanges over the years. Foreign issuers have continued to prize U.S. venues for their depth of liquidity and price discovery advantages, many accounting for some of the largest listings in the U.S. to date.
Future forecast
Looking ahead to 2026, the global IPO market appears poised for continued expansion, driven by several converging factors. After several years of muted activity, many mature private firms are waiting in the pipeline for the right moment to go public. Anticipated regulatory easing and interest rate stability create favourable market conditions, further stimulating activity. Technology and healthcare sectors are expected to be abundant in future offerings, though increased diversity across industries and geographies will likely characterize the evolving landscape.Â
