What are the best upcoming IPOs to watch?

Economic uncertainty led to a slow year for IPOs, with many companies adopting a wait-and-see approach. However, this year may see more activity. Here are some notable IPO candidates in the UK, US, Australia and Asia.

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For more information, see Help & Support.

For marketing or investment enquiries, please call us on 0800 409 6789 or email us at helpdesk. uk@ig. com. We are available 7 days a week, 8am Saturday to 10pm Friday.

Call us on 0800 409 6789

For account opening enquiries, please call us on 0800-195-3100 or email us at newaccounts. uk@ig. com.

Contact us 08001953100

Get information quickly with our instant help and support portal. Account enquiries, pre-registration, product information and more.

For more information, see Help & Support.

Get information quickly with our instant help and support portal. Account enquiries, pre-registration, product information and more.

For more information, see Help & Support.

For marketing or investment enquiries, please call us on 0800 409 6789 or email us at helpdesk. uk@ig. com. We are available 7 days a week, 8am Saturday to 10pm Friday.

Call us on 0800 409 6789

What's on this page?

1. Upcoming public registrations
2. Upcoming ISAs
3. Upcoming Asian IPOs
4. Upcoming Australian IPOs
5. Biggest recent IPOs
6. How to access IPO shares

Upcoming UK IPOs

Monzo (estimated market cap: £4.5 billion)

Monzo is an online bank with over 6 million customers, of which around 430, 000 have paid accounts. The company is a leading UK innovator in offering non-traditional options to banking.

In parallel with its upcoming IPO, Monzo is also focusing on its expansion plans in the US and has already appointed a CEO for its US operations, Carol Nelson.

Its most recent valuation in December 2021 was estimated at around $4. 5 billion, after securing an additional $500 million in its latest funding round.

There has been little talk of an IPO in recent months, but the company is still exploring the idea and is reportedly looking at a possible listing at the end of 2024 or early 2025.

BrewDog (estimated market cap: over £1.8 billion)

BrewDog started as a small company in Scotland. The company used crowdfunding and attracted 200, 000 investors in its early days.

The company initially announced plans to launch about three years ago, but the launch was shelved for various reasons, including market volatility and allegations surrounding employee treatment.

However, BrewDog CEO Adam Watt announced that the company still intends to list on either the London Stock Exchange (LSE) or the New York Stock Exchange (NYSE). They are waiting for the right time, but it could happen by August this year. If not, the company will need to secure new funding to support the listing.

Starling (estimated market cap: £1.5 billion)

Starling is one of the leading digital-only banks. It was founded in 2014 by former bank branch manager Anne Boden. But in June this year, she announced that she would be stepping down as CEO, and the company is rumored to be trying to find a replacement with public company experience, with an eye on an IPO in the coming months.

Last year, the company achieved its first full-year profit, with pre-tax profits of just over £32 million. Thus, while the groundwork is in place, the company is not in dire need of capital, so it may be several months before it announces its launch.

Starling Bank is a UK company, so a listing on the LSE would be the default, but given the current economic turmoil, a US IPO cannot be ruled out.

Zopa (estimated market cap: $1 billion)

Zopa is said to have invented the concept of peer-to-peer lending in 2004. It then developed a multi-billion-pound consumer lending business, but chose to exit the market in December 2021 to focus on its digital banking business.

The company recently revamped its management team, hiring Peter Donlon and Kate Eld, both of whom have years of experience in the financial industry.

Zopa, which will achieve its goal of achieving its first full-year profit by the end of the year, has raised a total of £530 million, of which £150 million has been raised this year.

Zopa had planned to go public last year, but unfavorable economic conditions led it to postpone the deal until markets improved. If it goes ahead with the listing, CEO Jaydev Janardana said it could happen as soon as the middle of next year.

Upcoming US IPOs

The US IPO market, especially tech stocks, shows no signs of slowing down in 2023. Is this the best US IPO going forward?

Intel (estimated market cap: $151 billion)

American technology company Intel has announced plans to spin off its Programmable Solutions Group (PSG) division into a separate company and launch an IT-related IPO within the next two to three years.

PSG refers to the development of programmable chips (FGPA), which can be remodeled to suit the needs of users, making them versatile for use in data centers to medical care.

Lattice Semiconductor, another manufacturer of FGPA, has seen its inventory increase by 30% since the beginning of the year, indicating increased demand in the chip manufacturing industry. This can be seen in Intel's second quarter earnings, which revealed that its Data Center and AI group, to which PSG belongs, made $4 billion in profits alone.

But with this increased demand comes the need to make more new chips, especially if Intel wants to catch up with its Taiwanese competitors. This is sure to be an expensive undertaking, and a successful IPO could provide the capital needed to back it up.

Shein (estimated market cap: $66 billion)

Fast fashion giant Shein has filed confidentially to open operations in the United States, which could begin as early as this year.

Despite facing criticism over poor working conditions and negative environmental impacts, the Chinese online retailer has surpassed H& M and Zara in sales. It has also expanded production of its goods to Turkey, Brazil, and India.

The company's valuation is not yet clear, but it was last valued at $66 billion. More details will be available closer to launch.

Databricks (estimated market cap: $43 billion)

Databricks is a software company that pioneered a cloud-based data storage platform that uses machine learning and other technologies to meet the growing demand for companies to maintain and organize their electronic information.

The platform has attracted a lot of attention in recent years due to its AI and machine learning capabilities. It is preparing for an IPO, with NVIDIA recently contributing $5 million in a Series 1 funding round.

The company is likely to go public sometime next year, although no time has been set. However, the company is remaining cautious and is waiting for its financial situation to improve before going public.

Revolut (estimated market cap: $33 billion)

Revolute, a British ap p-based bank with more than 15 million registered users, has been established in 2015 and has been a regulation online money institution since 2016.

Since the company's first interest in stock listing, rumors of Revolute IPO have been flowing. Difficult market environments due to several factors, such as the Russia and Ukraine War, high inflation, and high interest rates, were forced to postpone the IPO plan.

Until recently, LSE was listed most high because the main market was the UK. But earlier this year, c o-founder Nikolai Strongki and Vlad Yazencko announced that they would not be able to get a British bank license and aim to list them in New York.

At present, the IPO schedule has not been decided, but if the market environment has improved, it is likely to be realized next year.

Chime (estimated market cap: $40 billion)

Although it offers bank services, chimes are strictly FinTech companies, not banks. Products provided by the company will be provided through a bank partner. Nine years after its establishment, it has gained millions of customers in the middle and lo w-income groups in the United States.

Initially, the chime is aiming for an IPO with a valuation of $ 35 billion to $ 45 billion in March 2022. However, before that, he pending stocks and announced his intention to focus on new services such as loans and investment functions.

Nevertheless, the chime will be open to the public someday, and if the IPO market improves, it may be as early as 2024.

Click here for details on IPO and how to trade in the United States

Discord (estimated market cap: $15 billion)

San Francisco's heretics described themselves as "voices through the Internet Protocol Company." To put it simply, it is an online platform that tries to connect users, friends and families with similar hobbies in groups and communities.

In September 2021, the company was evaluated as $ 15 billion after funding $ 500 million. This is more than twice the previous valuation of $ 7. 3 billion.

It is thought that the company's valuation will be even higher when the stock is opened.

At the moment, the listing date of the discords has not been fixed, and the IPO market is quiet, so it may be a few years ahead. However, if the market environment is improved, the lon g-awaited listing is likely to be realized soon.

Click here for details on IPO Discord or how to trade US listing.

BMC Software (estimated market cap $15 billion)

In February, US technology company BMC Software reportedly filed for an IPO. No date has been set yet, but experts say it could happen in 2024 if the IPO market starts to heat up.

That said, Bloomberg also reports that the IPO will depend heavily on the performance of recent startups. ARM, Instacart, Klavyio and Birkenstock all went public after a very quiet few months in the IPO market. If these startups fail to list and the market doesn't recover, they may consider selling.

Amer Sports (estimated valuation: $10 billion)

Salamon, a racket and tennis racquet manufacturer owned by Chinese company Anta Sports Products, has confidentially filed for an IPO in the US, which is likely to take place early next year.

The share price and number of shares to be issued have not yet been disclosed. The company is said to be aiming for a $1 billion IPO, but it could reach $3 billion if market conditions are favorable.

Navan (estimated market cap $9.2 billion)

US travel company Navan (formerly TripActions) has expressed interest in going public this April. CEO Ariel Cohen said he would look to improve the company's financials, especially gross indicators.

The company originally filed for an IPO in 2022 and has already taken many steps since then to prepare. Most recently, it rebranded from TripActions in February this year and has since introduced many new products and services to its customers.

Klarna (estimated market cap $6.7 billion)

Swedish startup buy-now-pay-later first announced a 2021 launch. At the time, the company expected it to happen within a year, but the unstable economic situation seems to have stalled the company.

Although market conditions remain challenging, CEO Sebastian Siemiatkowski said the company has met all of the conditions he considers necessary for an IPO. This includes developing a sustainable business model with room to grow and being established in the US. The company will now wait for market conditions to improve before listing Klarma.

It has reportedly now completed its filing with the US Securities and Exchange Commission (SEC), which may signal a possible listing on the New York Stock Exchange.

Upcoming Asia IPOs

What pre-IPO Asian companies to follow?

Syngenta group (estimated market cap: $9 billion)

The Swiss agrochemical company launched by Chinese company ChemChina in 2017 has received approval to list on the Shanghai Stock Exchange (SSE).

If the listing goes through, it will likely be China's largest import since 2010. Due to the size of the listing, Western banks such as JP Morgan and Goldman Sachs have expressed interest in working on the IPO, but it is unclear whether they will be allowed to do so due to geopolitical tensions between China and the West.

Upcoming Australian IPOs

What companies are considering listing on the Australian Securities Exchange?

AirTrunk (estimated market cap $10 billion)

The Australian data center company is exploring a possible IPO on the Australian Securities Exchange (ASX). The company is now valued at A$10 billion, up from just A$3 billion in 2020 when it was listed by Macquarie Asset Management and PSP.

Since then, the company has grown, and so has the need for the ultra-large data centers it provides.

If AirTrunk does list, it could be the largest IPO on the ASX since Mediabank in 2014. That said, the IPO has not yet been decided, and while an Australian listing is the first choice, the company has not ruled out a US IPO if the Australian market environment does not improve.

Virgin Australia (estimated market cap: $2.2 billion)

For some time now, Virgin Australia has been rumored to be preparing for an initial public offering on the Australian Securities Exchange (ASX). The company originally listed on the ASX in 2003 as Virgin Blue Holdings, but was delisted on 17 November 2020 after filing for voluntary liquidation as a result of the pandemic.

A few months later, the company was acquired from administration by private equity firm Bain Capital in a deal worth $572. 7 million.

As passenger numbers began to increase, Virgin Australia began openly considering a return to the ASX. However, due to unfavourable market conditions, Bain has just announced plans to postpone Virgin Australia's IPO until 2024.

Biggest recent IPOs

Recent big IPOs include:

Arm Holdings (market cap: $67.9 billion)

Arm Holdings designs the microprocessors and related technology and software that power around 95% of smartphones. It employs around 6, 000 people worldwide and 2, 800 in the UK.

In 2020, ARM's holding company, SoftBank, announced that Nvidia would acquire ARM at an estimated valuation of $40 billion. However, in early 2022, both Nvidia and ARM fell through, citing regulatory challenges as the main reason for the deal. However, given the interest from major tech companies such as Nvidia, Amazon, and Apple, this listing could be more profitable than a sale to Nvidia.

The stock was listed on the NASDAQ on September 14, 2023 at $51 per share and rose 25%, reaching $63. 59 at the end of the first day of trading. This brought the valuation to $67. 9 billion. Although the stock price has since fallen, the IPO is likely to be one of the largest this year.

Kenvue (market cap: $41 billion)

Johnson & Johnson (JNJ) decided to split into two to increase shareholder returns and avoid different parts of its business from affecting each other. JNJ now represents the pharmaceutical and medical technology side, while the new spin-off brand, Kenvue, represents the consumer health side.

Kenvue was listed on the New York Stock Exchange on May 4th of this year at $22 per share. In August, JNJ shareholders had the opportunity to exchange their shares for Kenvue shares (8 Kenvue shares for every JNJ share). The offer was so overvalued that shareholders received Kenvue shares according to the amount of ownership.

Instacart (market cap: $10 billion)

Instacart is a grocery delivery service founded in 2012 that had been considering going public for about two years, but finally listed on the NASDAQ on September 19, 2023.

In March 2021, the company's cap was raised to $39 billion after raising $265 million from venture capital, meaning the company's valuation has more than doubled from its 2020 market capitalization of $17. 7 billion. However, in early 2022, the company aggressively lowered its valuation to $24 billion, and then further to $10 billion.

After launching, the company offered 22 million shares at a price of $30 a share. On the first day of trading, retail investors brought in $12 million worth of shares, and the stock price rose a modest 12%, reaching $3, 370 by the end of the day. Since then, the stock price has fallen due to the tough economic situation.

Klaviyo (market cap: $9.2 billion)

Klaviyo, founded in 2012, is a marketing automation platform that allows users to create individual profiles, to personalize e-mail, text messages, and other means of communication. Currently, the platform is functioning by segmenting users, but Andrew Virecchi CEO has revealed an ambition to target individual customers as the company grows.

On September 20, 2023, KLAVIYO was listed on the New York Stock Exchange for $ 30 with KVYO's ticker for $ 30. The stock price on the first day rose more than 9 % and began trading for $ 36. 75. However, the price fell all day and the transaction was completed at $ 32 and 75 cents.

The company is the first U S-friendly company to support the company since 2021.

Birkenstock (estimated market cap: $9.2 billion)

German footwear makers are known for their popular cork sandals. It was announced for the first time in the 1970s, and its popularity has grown significantly since it was born as "ugly shoes." In fact, collaboration with hig h-end brands such as Valentino and Dior has made them look as luxury.

The company was listed on the New York Stock Exchange on October 11, 2023 at a $ 46 stock price per share. At the end of the transaction, Birkenstock's stock price was $ 40 and 20 cents, dropping $ 12 and 61 cents.

How to get exposure to IPO stocks

Primary market: buying at the IPO price

If a company wants to apply for a British IPO and invest in its shares, we can apply for the IPO ahead of the public offering. By applying for the IPO, you can receive a stock allocation in the same price at the same time as institutional investors. In other words, you can take positions without waiting for the opening of the secondary market.

If you open a stock trading account at our company, you can access the primary market. However, this is limited to the British public offering.

Candalism Market: Purchase stock purchases after IP O-When the investment or trading stock is registered, a secondary market is opened for individual investors to exchange shares.

• Like all securities companies, it usually takes several hours after US IPOs are available.
• In the case of IPOs in the UK, stocks should be able to trade by 8:00 am on the listing day.
• Other IPO brands should be able to trade immediately from the opening time on the day of the listing day.

There are two ways to take a position in the distribution market after the new stock is released. One

• Invest in the company's shares per share.
• Transfer the company's stock price by bet or CFD

Trading vs investing in IPO shares

When you trade a company's shares with us, you can think about the underlying market price with bets and CFDs. Since you do not acquire ownership of the shares, you can think about both rising and falling prices, and there are also tax benefits. 1

You only need to deposit a small amount of margin (called margin) to get full access to the market. Leverage trading magnifies your profits, but it can also magnify your losses, so it is important to have a proper risk management strategy.

When you invest in stocks with us, you use a stock trading account to buy and sell the underlying shares. Since you will own the shares, you will only make a profit if the stock price rises, but you will also be entitled to dividends and have the rights of a shareholder.

To have a stock trading position, you will need to liquidate your full investment. With an investment, you will never lose more than this initial investment.

Get the latest IPO news

FAQs

How can you trade an upcoming IPO?

With the grey market, you can trade stocks that are about to be listed before they are listed. Using the grey market, you can speculate on the price of a company's stock before the IPO.

When we offer a grey market, the price is based on the company's market capitalization forecast at the end of the first day of trading. You "buy" if you think the market capitalization at the end of the first trading day will be higher than the gray market price, and "sell" if you think it will be lower.

How soon can I buy and sell IPO shares?

You can buy and sell IPO shares as soon as the company is listed on the stock exchange. You can speculate on the movement of the stock price with spread betting or CFD trading, or you can buy shares with a savings investment.

What risks are there in trading and investing in IPOs?

All trading and investment activities have risks. IPOs have further risks, such as:

• Lack of research, such as fundamental analysis, and not getting the latest news about the company.
• Little or no trading history to help you make an informed decision.
• High market expectations that do not materialize
• Company does not reach target valuation

Keeping up to date on all the details that may affect the company and its stock price will help you avoid risks that may affect your position. In the case of an IPO, useful documents include the prospectus and admission documents.

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