Topic

IPO Research

The current environment for IPOs is shaped by a resilient but narrow market rally, primarily driven by technology and software sector gains that set a high performance bar for new entrants. Research indicates a significant pipeline of potential candidates emerging from the massive AI buildout, where hyperscaler capital expenditure is projected to hit $1 trillion annually by 2028. While private equity and venture capital continue to attract interest due to historical outperformance, the rise of liquid vehicles tracking these segments has increased their correlation with public large-cap benchmarks. Institutional sentiment remains focused on quality fundamentals and U.S. large-cap core exposure, suggesting that upcoming offerings will face rigorous scrutiny regarding leverage and valuation metrics. Furthermore, expectations of stable Federal Reserve policy in the near term, followed by potential rate cuts as growth slows, may provide a stabilizing macro backdrop for valuation discovery. Ultimately, the research suggests that while market volatility remains a concern, the strategic shift toward active management and private market diversification is redefining the bridge between private funding and public equity listings.

4159 reports available

AI IPOs: Why They Will Change the Boom Forever

Deutsche Bank Research Institute·Jul 1, 2026

The report examines how the upcoming IPOs of OpenAI and Anthropic will reshape the AI industry through increased transparency, funding availability, and public accountability. It highlights the shift toward sustainable business models amidst rising compute costs and competition from open-source alternatives.

The IPO Market Reset

Franklin Templeton·Jun 4, 2026

The report argues that the IPO market is undergoing a structural reset as flagship, late-stage private companies transition to public markets. It emphasizes that investors must now track firms earlier in their lifecycle to accurately assess valuation and long-term quality.

Mega IPOs Index Inclusion and Portfolio Dynamics

BlackRock·Jun 5, 2026

This report outlines how mega-IPOs enter and evolve within equity indices, emphasizing the importance of float-adjusted methodology and liquidity management. It provides a guide on fast-track inclusion differences to support institutional portfolio implementation.

IPOs: Signal, Not Driver of Markets

UniCredit·Jun 11, 2026

This report argues that IPOs are primarily indicators of prevailing market sentiment rather than structural drivers of long-term performance. Flagship AI-related listings are identified as short-term catalysts that will establish new valuation benchmarks for the broader technology sector.

China Musings: Capturing Alpha in HK IPOs

Goldman Sachs·Jun 14, 2026

This report analyzes the HK IPO market, identifying key drivers of post-listing alpha and providing a framework to navigate the record-high lock-up expirations anticipated over the next 12 months.

A Closer Look At Equity Issuance

UBS·Jun 17, 2026

US equity issuance is poised to reach record absolute levels in 2026 but remains manageable when scaled against total market capitalization. Strong share buyback activity ensures a net reduction in corporate equity, suggesting issuance is not a significant headwind for the market.

Record Equity Issuance Shouldn't Be A Headwind For Us Equity Markets

UBS·Jun 18, 2026

Innovation Themes: From Orbit To Open Banking

BlackRock·Jun 9, 2026

A Lot More Than Rates Moving Markets

Academy Securities·Jun 7, 2026

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