In the first half of 2025, the global IPO scene saw 539 companies go public. Together, they raised a whopping $61.4 billion. While that’s fewer IPOs than last year (563 in H1 2024), the money raised jumped 17% from $52.7 billion. That means fewer companies, but bigger launches.
At the front of the pack? The US and India.
India Beats China in IPO Numbers
For the first time, India edged past China in IPO count. The US led with 109 IPOs. India followed closely with 108. China came third with 104. This is a big moment. It shows India’s growing confidence, strong local markets, and rising investor trust.
Where the Money Went
Even though India had a strong showing, most of the money went to the US and Greater China. The US raised $17.1 billion (29%), while China raised $20.7 billion (34%). India brought in $4.6 billion, or 8% of global IPO proceeds. Europe got $5.9 billion (10%).
Still, India’s growth matters. It proves Indian businesses are ready to grow and list globally.
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What About the Rest of the World?
Europe had 50 new IPOs. South Korea had 38. The Middle East saw 29 IPOs, with Saudi Arabia setting a new record with 25. Japan followed with 27 listings.
Middle East IPOs are growing fast, especially in Saudi Arabia and Israel. The region is pushing hard to modernize and attract investors.
Why It’s Happening
Several things are shaping the IPO world today:
- Different economic recovery speeds
- Trade worries and tariffs
- New policies and political changes
- Shifts in investor mood
On top of that, national priorities are driving some countries to focus on certain industries. For example, reshoring and supply chain localization are helping boost industrial IPOs, especially in mobility and tech.
India is not just growing in numbers. It’s becoming a serious global player in finance. Indian companies are stepping up, aiming for bigger dreams. If this trend continues, India could soon be one of the top IPO markets in the world — not just by count, but by value too.
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