Did the US and India Dominate the Global IPO Landscape in H1 2025?
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Synopsis
In H1 2025, the IPO landscape saw 539 firms raising a staggering $61.4 billion. Discover how the US, India, and China lead the charge, amidst shifting market dynamics and geopolitical influences.
Key Takeaways
- 539 companies raised $61.4 billion in H1 2025.
- The US, India, and China were the top IPO markets.
- Europe contributed 10 percent of total proceeds.
- Saudi Arabia achieved a historic milestone with 25 IPOs.
- Geopolitical dynamics are reshaping the IPO landscape.
New Delhi, July 18 (NationPress) A total of 539 companies successfully raised $61.4 billion through initial public offerings (IPOs) worldwide during the first half of 2025, as reported on Friday. The number of public offerings saw a 4 percent year-on-year decline, with 563 companies going public in 2024. However, proceeds experienced a remarkable 17 percent increase compared to the $52.7 billion raised in the same period last year, according to the EY Global IPO Report.
Among the global leaders, three countries -- the US, India, and China -- each executed more than 100 IPOs in H1 2025, with the US taking the lead by launching 109 IPOs, followed closely by India with 108 and China with 104.
In Europe, 50 new listings emerged, while South Korea recorded 38 initial share sales. The Middle East and Japan reported 29 and 27 IPOs, respectively.
The report highlights that the IPO market's momentum is becoming increasingly fragmented across various regions, influenced by factors such as differing economic cycles, concerns over trade tariffs, policy decisions, and varying investor risk appetites.
The Greater China regions and the US accounted for over 60 percent of the total funds raised in H1 2025, with $20.7 billion (34 percent of proceeds) raised in Greater China and $17.1 billion (29 percent) in the US.
In contrast, Europe contributed 10 percent ($5.9 billion) to total proceeds, while India made up 8 percent or $4.6 billion.
Activity in the Middle East has seen a surge, particularly in countries like Saudi Arabia and Israel. Notably, Saudi Arabia has achieved a historic milestone with 25 IPOs so far this year, as per the report.
Opportunities at more granular levels have been shaped by geopolitical dynamics and national strategic priorities, significantly impacting the sectoral IPO landscape.
Furthermore, the report indicates that supply chain localization and reshoring are bolstering IPOs in the industrial sector, particularly within the mobility sector.
Point of View
The IPO market's evolving landscape reflects broader economic trends and strategic priorities. The dominance of the US and India in this sphere showcases their robust financial ecosystems and resilience. As we navigate these changes, it is essential for investors to stay informed about the factors shaping the IPO landscape.
NationPress
19/07/2025
Frequently Asked Questions
What is the total amount raised through IPOs in H1 2025?
In H1 2025, a total of $61.4 billion was raised through IPOs globally.
Which countries led in IPOs during H1 2025?
The US, India, and China each launched over 100 IPOs, with the US leading at 109.
What was the year-on-year change in IPO numbers?
The number of IPOs saw a 4 percent decline compared to the previous year.
How much did India contribute to the total IPO proceeds?
India accounted for 8 percent of the total proceeds, amounting to $4.6 billion.
What factors are influencing the IPO market?
The IPO market is influenced by economic cycles, trade tariffs, policy decisions, and investor risk appetite.
