Initial Public Offerings (IPOs) continue to attract keen attention from investors seeking exposure to innovative companies and high-potential sectors. The year 2025, marked by improving market sentiment and pent-up demand, has promised a resurgence in IPO activity across technology, finance, retail, and manufacturing. Here’s a look at notable IPOs expected throughout the rest of this year.
Major Global IPOs on the Horizon
While there haven’t been the usual amount of IPOs recently, the rest of 2025 is poised to serve as a return to normalcy. There are a handful of technology, financial, and health industry companies looking to take the leap before 2026. Each of the companies are highlighted below by sector.
Technology and Fintech Giants
- Chime: Chime completed its initial public offering in June, raising $864 million by pricing shares above the marketed range at $27 each, which led to a strong debut with shares rising as much as 66% and closing at $37.11, giving the company a market value of $13.5 billion. This IPO marked a sharp valuation decrease from the company’s 2021 private funding round, when it was valued at about $25 billion, reflecting a broader industry trend of reset expectations as the IPO market rebounded after a prolonged lull.
- Databricks: The AI-driven data analytics company is anticipated to make its long-awaited market debut in 2025. With revenue growth of 60% year-over-year and an estimated valuation exceeding $40 billion, Databricks is poised to be a landmark tech IPO, riding the continued boom in artificial intelligence and data science.
- Klarna: The Swedish payments and e-commerce leader is also anticipated to go public this year, pushing forward as global digital commerce accelerates.
- Shein: The China-founded fast-fashion retailer is rumored to target a second-half 2025 IPO after previously postponing its plans. Despite valuation headwinds, Shein remains one of the most anticipated consumer IPOs due to its global e-commerce reach and rapid growth.
Financial Services and Health
- Reliance Jio: This Indian telecom giant’s IPO is hotly anticipated due to its dominant role in India’s digital transformation. While the date remains to be confirmed, the listing would mark one of the largest offerings in the region.
- Circle Internet Group: Known for its USD Coin (USDC) cryptocurrency stablecoin, Circle is expected to test U.S. market interest in crypto-centric financial firms.
- Anthem Biosciences: Expected to list in July 2025, this biopharma company is seeing strong interest among healthcare investors.
Notable U.S. and Indian IPOs in 2025
| Company | Sector | Expected Listing Date | Highlights |
| Databricks | Technology/AI | 2025 (TBD) | $40B+ valuation, AI/data focus |
| Chime | Fintech | 2025 (TBD) | $25B valuation est. |
| Klarna | Fintech/E-commerce | 2025 (TBD) | Swedish unicorn |
| Shein | Retail/E-commerce | H2 2025 (rumored) | Largest fashion IPO |
| CoreWeave | Tech/Cloud | 2025 (TBD) | Nvidia-backed cloud startup |
| Ola Electric | Automotive | 2025 (TBD) | EV company, high expectations |
| NSDL | Financial Services | July 2025 (expected) | Key Indian infrastructure IPO |
| Tata Capital | Finance | July 2025 (expected) | Large Indian NBFC |
| Zepto | Quick Commerce | 2025 (TBD) | Indian online groceries leader |
| BlueStone Jewellery | Retail | July 2025 (expected) | Luxury goods |
| Revolut | Fintech | 2025 (TBD) | UK-based unicorn |
| Reliance Jio | Telecom | (TBD – 2026) | Major Indian IPO |
Key Trends
- Technology leads the way: AI, data analytics, digital banking, and e-commerce remain at the forefront of new listings, demonstrating persistent investor appetite for disruptive technologies.
- India’s expanding IPO pipeline: Major Indian corporations, particularly in telecom and finance, will play a crucial global role this year, with sizable offerings expected from NSDL, Tata Capital, Ola Electric, and more.
- Delayed but not denied: Volatile markets in prior years have led to postponements, but pent-up demand could translate to blockbuster IPOs in 2025.
Upcoming IPOs to Watch This Summer
- Crizac: B2B education platform, listed on July 9 after an oversubscribed offering.
- Anthem Biosciences: Expected to list on July 20, reflecting the strength of healthcare IPOs.
- Property Share REIT, Indiqube Spaces, GNG Electronics, Savy Infra: Indian companies with listings scheduled or in process throughout July.
- NIQ Global Intelligence, McGraw Hill: Global consumer data and publishing businesses, eyed for late July.
Noteworthy Takeaways
This year’s IPO calendar is filled with established industry leaders and fast-growing unicorns across key themes of technology, digital transformation, e-commerce, and finance. As always, while IPOs generate excitement and potential for significant returns, investors should exercise caution, perform due diligence, and balance the promise of new listings against inherent risks and market volatility.
Stay tuned for updates as more definitive dates and valuations emerge for the most anticipated IPOs of 2025.
Note: Actual IPO dates are subject to market conditions and regulatory approvals. Investors are advised to track reliable sources and official filings for up-to-date information.