“The prevailing market conditions served as a defining characteristic of 1H2025, compelling many companies to rethink their exit strategies, and decide whether to stay private for longer or pursue listings with smaller float sizes,” say EY’s analysts.
There was a strong uptick in global initial public offerings (IPOs) market listings in 2Q2025, with a total of 539 recorded listings raising US$61.4 billion ($78.8 billion) in 1H2025, according to an Ernst & Young (EY) report on July 16.
This marks a 17% increase in proceeds y-o-y, which EY says demonstrates the “resilience” of “strategically positioned and well-prepared IPO companies” and their ability to adapt in a shifting capital market landscape.
