Upcoming IPO Report for 2025
The much-anticipated 2025 IPO Report offers a thorough examination of the Initial Public Offering (IPO) landscape, providing valuable insights for companies seeking to go public. This year's report delves into industry breakdowns, leading states and regions, market outlook, cybersecurity disclosures, and preparation strategies for IPOs.
Industry Breakdown
The Technology, Media, and Telecommunications (TMT) sector dominates IPO activity, accounting for about a quarter of deals and nearly half of total proceeds in Q2 2025. Investor interest in Artificial Intelligence (AI) and cryptocurrency has contributed to this sector's prominence. The industrial sector, particularly mobility, is also benefiting from reshoring and supply chain localization.
Other sectors such as consumer, financials, real estate, and life sciences continue to have IPO presence, though life sciences and pharma face challenges. Energy and defense tech sectors are also gaining traction amid strategic infrastructure and rising defense budgets. Fintech has shown significant growth potential but faces macroeconomic volatility affecting IPO timing.
Leading States/Regions
The United States leads the global IPO market, with its strongest first half since 2021, boasting 165 IPOs in H1 2025. Major states with large financial centers have seen notable activity. Greater China, especially Hong Kong, has experienced a significant rebound, reclaiming a top global IPO exchange position by proceeds. Europe has seen a pause since early 2025, with exceptions like Sweden contributing large IPOs. India and the Middle East continue to maintain elevated IPO fundraising levels despite some reductions in deal counts.
IPO Market Outlook
The IPO market in 2025 shows resilience and cautious optimism amid geopolitical tensions, inflation control, and monetary policy uncertainty. Success depends on companies’ ability to align with national strategic priorities, innovation, credible equity stories, realistic valuations, and timing flexibility. The market is recovering from low IPO volumes seen after 2021, resembling activity patterns closer to 2018-2019 levels.
Cybersecurity Disclosures
While the sources do not explicitly detail cybersecurity disclosures, the prominence of technology and fintech IPOs along with heightened investor focus on AI and digital assets implies increased scrutiny on cybersecurity risks and disclosures as part of IPO preparation.
Preparation for IPOs
Experienced advisory teams help companies with IPO readiness assessments, emphasizing preparation for regulatory compliance, valuation, and investor communication. Companies are advised to present realistic equity stories and be adaptable in timing, given the market’s cautious but positive outlook.
In addition, the report offers guidance on how to assemble a board of directors for pre-IPO companies and discusses facilitating pre-IPO communications and testing the waters to find IPO investors. Subscribing to the mailing lists provides updates on IPOs and capital markets. The forthcoming Venture Capital Report is expected to offer further insights into venture capital investments.
In conclusion, the 2025 IPO Report details a robust rebound in IPO activity led by technology, industrial, and select other sectors, geographic leadership by the U.S. with growing contributions from China and other regions, a cautiously optimistic market outlook, evolving focus on cybersecurity especially in technology sectors, and enhanced preparation involving detailed market and regulatory readiness.
Venture capital firms may find significant opportunities in the thriving technology, media, and telecommunications sector, particularly given the sector's prominence in IPO activity and investor interest in artificial intelligence and cryptocurrency. The finance sector, as part of the financials sector, may also benefit from the embraced IPO market outlook, providing suitable options for venture capital investments.
Furthermore, the forthcoming Venture Capital Report is anticipated to offer valuable insights into investment opportunities in various sectors, including technology and financials, making it an essential resource for venture capital firms.
