IPO Market revival
The re-opening of the market for Initial Public Offerings (IPOs) after a quiet period. High-growth tech companies like Coreweave and Circle are seeing massive demand, indicating institutional investors are hungry for new investment opportunities, particularly in AI and crypto.
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7/19/2025, 8:28:53 AM
entitydetail.last_updated
7/22/2025, 5:14:32 AM
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7/19/2025, 8:35:04 AM
Summary
The IPO market is experiencing a significant revival, particularly in the U.S. in 2025, driven by strong demand for AI-focused companies like Coreweave and crypto-related firms such as Circle. This resurgence follows a subdued period from 2022 to 2024 and contrasts with a slowdown in the traditional SaaS industry. The broader tech sector is characterized by an intense AI arms race, influencing investment landscapes. Geopolitical factors, such as China's semiconductor threat, also play a role. Concurrently, the passage of the Genius Act provides a regulatory framework for stablecoins in the U.S. A notable example of a recent public listing is DreamFolks Services Limited, an Indian airport service aggregator established in 2013, which went public on the Indian stock exchange in September 2022.
Referenced in 1 Document
Research Data
Extracted Attributes
Challenges
US trade policy uncertainties, recessionary fears, supply chain disruptions, import cost pressures, and inflationary risks (especially in Asia-Pacific)
Key Drivers
Strong demand for AI-focused companies, crypto-related firms, favorable economic conditions, and the suspension of tariffs
Current Status
Revival, particularly in the U.S. market in 2025
Coreweave Performance
Shot up 225% from its initial offering
Required for Momentum
High-quality assets delivering strong aftermarket performance
Previous Market Trend (2022-2024)
Subdued
US IPOs Raised (as of May 31, 2025)
Over $11.0 billion
Previous Market Trend (Q3 2020 - Q4 2021)
Remarkable boom
Timeline
- DreamFolks Services Limited was established. (Source: Wikipedia)
2013-XX-XX
- The global IPO market began a remarkable boom period. (Source: EY Global IPO Trends report Q1 2025)
2020-Q3
- The remarkable boom period for the global IPO market concluded. (Source: EY Global IPO Trends report Q1 2025)
2021-Q4
- DreamFolks Services Limited listed publicly on the Indian stock exchange, diluting 33% of its promoters' stakes. (Source: Wikipedia)
2022-09-06
- The global IPO market entered a subdued three-year period. (Source: EY Global IPO Trends report Q1 2025)
2022-XX-XX
- The subdued period for the global IPO market concluded. (Source: EY Global IPO Trends report Q1 2025)
2024-XX-XX
- US IPO deal activity continued its upward trajectory, with the US market starting strong. (Source: EY Q1 2025 US IPO market trends, EY Global IPO Trends report Q1 2025)
2025-Q1
- Many companies paused their IPOs due to White House tariff announcements. (Source: investors.com)
2025-04-XX
- Traditional US IPOs had raised over $11.0 billion for the year. (Source: PwC Capital markets 2025 midyear outlook)
2025-05-31
- A notable rebound in equity market sentiment and a flurry of IPOs began after tariffs were suspended. (Source: PwC Capital markets 2025 midyear outlook, investors.com)
2025-05-Mid
- The flurry of IPOs continued, with six companies coming to market, all pricing favorably and opening strong. (Source: PwC Capital markets 2025 midyear outlook, investors.com)
2025-06-Early
- 15 initial offerings in the US raised $100 million or more, mostly in the second half of the quarter. (Source: investors.com)
2025-Q2
Wikipedia
View on WikipediaDreamFolks
DreamFolks Services Limited is an Indian airport service aggregator company established in 2013 and headquartered in Gurugram. It provides consumers to access airport-related services via technology driven platform. It was 100% owned by the promoters, Liberatha Peter Kallat and Dinesh Nagpal each had 33% shareholding in the company, and the remaining 34% shareholding was held by Mukesh Yadav. Later, the company listed publicly on the Indian stock exchange on 6 September 2022, diluting 33% of the promoters’ stakes. In Oct 2022, It had 100% coverage across 54 airport lounges in India and a market share of over 95% of all India-issued card-based access to domestic lounges in India. It is present in 121 countries worldwide
Web Search Results
- IPO Stocks Circle, CoreWeave Highlight An IPO Revival. Here's The ...
IPO Stocks Circle, CoreWeave Highlight A Revived IPO Market. Here's The Outlook. ================================================================================ Image 3: Unicorn IPOs concept IPO stocks like Circle and CoreWeave have highlighted a revived U.S. IPO market. But can the rebound in valuations last? (© Gary Neill) Image 4: FacebookImage 5: XImage 6: LinkedInImage 7: Share Licensing JUAN CARLOS ARANCIBIA 02:51 PM ET 07/11/2025 [...] After slumbering for two years, the U.S. IPO market awakened in 2025, with more companies going public and several IPO stocks soaring from their initial offerings. AI-focused CoreWeave (CRWV), one of the hottest new issues, has shot up 225% from its initial offering. But after a flurry of IPOs in May and June, some analysts wonder if the bounce in new issues will hold through the second half of the year. ↑X More Videos 0 seconds of 0 seconds Volume 0% [...] Many companies placed their IPOs on ice in April, after the White House announced sweeping tariffs and stocks plummeted. But once most tariffs were suspended and stocks rallied back, companies dove back into the IPO market. In the second quarter, 15 initial offerings raised $100 million or more, mostly in the second half of the quarter.
- [PDF] EY Global IPO Trends report Q1 2025
▪ The resulting supply chain disruptions, import cost pressures, and inflationary risks could potentially alter the speed and magnitude of monetary policy responses. Coupled with slower trade-dependent economic growth, these factors create additional headwinds for Asia-Pacific's IPO market recovery—just as some regions were beginning to see green shoots of revival in public listings. ▪ However, optimism remains across the region. Recent stimulus measures from China, coupled with the market's [...] 2022 2023 2024 2021 2020 2019 2025 Average =363 Global IPO activity (Q1 2019 – Q1 2025) Global IPO market: a cautious start amid heightened market uncertainty The IPO market has seen dramatic shifts over the past few years. There was a remarkable boom from Q3 2020 to Q4 2021, followed by a subdued three years during 2022 to 2024, where growth in the Americas and EMEIA was offset by the decline in Asia-Pacific. In Q1 2025, the IPO market has shifted again, with the US starting strong but [...] more favorable conditions. Meanwhile, some companies seeking liquidity have looked to secondary markets, as extended holding periods become more common. A meaningful recovery of the IPO market is contingent upon a more trade friendly policy and a series of successful listings that could restore investor confidence and stimulate market activity.
- Global IPO market overview | White & Case LLP
There are hopes that the year ahead will see a revival in IPO activity in these two jurisdictions. The Hong Kong Stock Exchange, which proved resilient in 2024, is ready for a bumper 2025 as companies listed on mainland exchanges shift to Hong Kong to access international capital.
- Capital markets 2025 midyear outlook - PwC
The time period from mid-May to early June brought a notable rebound in equity market sentiment following a 90-day pause in new tariff announcements. The IPO market responded in kind, with six companies coming to the market and all either achieving pricings above (four companies) or at the high end (two companies) of their ranges. All six opened for trading the next day at prices more than 20% above pricing (with two of the IPOs exceeding 100%). [...] Menu Menu Menu Featured Shared success benefits Loading Results No Match Found Capital markets 2025 midyear outlook # IPO recovery amid macro crosscurrents and policy uncertainty hero image The US IPO market entered 2025 with renewed optimism following a stronger-than-expected close to 2024. As of May 31, traditional IPOs have raised more than $11.0 billion, slightly behind last year’s pace, signaling a continuation of the market’s tentative recovery.
- Q1 2025 US IPO market trends - EY
Recent concerns around US trade policy and recession have led to elevated levels of volatility. The duration of the market’s reaction to ongoing volatility will play a crucial role in the recovery trajectory for IPO activity. Despite facing significant macroeconomic headwinds over the past three years, the IPO market has continued to improve. If the market can navigate through the current turbulence, there is potential for a pickup as 2025 progresses. [...] For momentum to build in the IPO market, investors will need to see high-quality assets that deliver a strong aftermarket performance. If the right balance between IPO valuations and aftermarket success can be achieved, a rebound of the IPO market could be on the horizon. Read more Read less [...] D riven by favorable economic conditions in the new year that enticed many issuers to the market, US initial public offering (IPO) deal activity continued its upward trajectory in Q1 2025. However, the recent volatility fueled by trade policy uncertainties and recessionary fears could impact momentum and highlight the need for adaptability among market participants. IPO market activity continued early in Q1, but caution has emerged Read more Read less Chart Description Hide Description