Research & Insights
Practical Perspectives
While the U.S. IPO market in 2025 has remained selective and valuation-disciplined, global IPO activity has rebounded. Across Asia, the Middle East, and parts of Europe, capital markets reopened more consistently as inflation stabilized and rate expectations improved.
Globally, IPO proceeds increased by approximately 39% YOY in 2025 compared with 2024, signaling a healthier and more resilient pipeline even amid political and regulatory uncertainty.
A defining feature of 2025 has been the divergence between deal volume and deal size by region, with India emerging as the clear leader in IPO count, while the U.S. continues to dominate average deal size.
India’s Standout Role in 2025 IPO Volume
India recorded the highest number of IPOs globally in 2025, driven by a steady flow of mid-market and growth-stage listings rather than a reliance on a small number of mega-deals. This depth has made India one of the most active and reliable IPO markets worldwide.
Why India is an increasingly attractive place to list:
What’s Happening Inside These IPO-Bound Companies
Beyond headline deal activity, one of the most important trends we’re seeing is how companies are preparing for a listing.
Rather than building out a full permanent C-suite too early, IPO-bound organizations are increasingly relying on interim and fractional leadership to remain flexible, capital-efficient, and execution-focused.
Common areas of focus include:
Looking Ahead to 2026: Readiness Over Rush
Looking into 2026, IPO activity is expected to remain strong, supported by a healthy global pipeline that includes several high-profile potential listings. Importantly, much of the activity underway today is preparatory rather than rushed.
IPO figure shown are across data sources from EY – Global IPO trends, PwC Capital Markets/ IPO Watch, S&P Global Markets Intelligence and Reuters (Deal Logic).
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Last updated: November 2025
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Email: info@workindustries.us
Mail: Work Industries USA LLC
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