Best upcoming IPOs in 2025

IPOs can offer early access to fast-growing companies and fresh trading opportunities – but they also come with risk. As new listings hit global markets in 2025, traders are watching closely for high-potential names across fintech, energy, e-commerce, and more.

Here’s our breakdown of the top upcoming IPOs by region, highlight key trends to know, and explain how to trade newly listed stocks using CFDs. Create a demo account 

Best upcoming IPOs in the UK

The UK IPO market in 2025 is showing renewed momentum, and several household names are making headlines with plans to list on the London Stock Exchange or abroad. Here are some of the top IPOs to watch: All information is current as of 2 April 2025 and subject to change based on regulatory or market developments.

Revolut

Revolut has evolved into one of Europe’s largest digital banks, valued at $60bn as of February 2025. A London Stock Exchange listing is reportedly in the pipeline, subject to full UK banking licence approval.

Shein

Shein has confidentially filed for an IPO and, though headquartered in Singapore, reportedly plans to list on the London Stock Exchange in 2025. Valued at $50bn in February 2025, the e-commerce fashion giant’s public listing has attracted global interest from both retail and tech market analysts.

Learn more about Shein’s potential IPO in our Shein IPO trading guide.

Monzo

Monzo aims to be IPO-ready by the end of 2025, with a decision pending on whether to list in the UK or US. Reportedly valued at $5.9 billion in October 2024, the UK neobank continues to build scale and improve profitability ahead of any formal announcement.

Waterstones

Waterstones is reportedly weighing a potential IPO in London or New York, coinciding with expansion plans in the UK and US markets. While no timeline is confirmed, any decision will depend on the strategy of the iconic UK bookstore chain's private equity owner, Elliott Management. 

BrewDog

The BrewDog IPO was delayed following earlier plans to list on the London Stock Exchange. Its last known valuation was £1.8bn (approx. $2bn) back in 2018. While a new date has not been confirmed, the company continues to indicate interest in a future float.

Learn more about BrewDog’s prospective IPO in our BrewDog IPO trading guide.

Best upcoming IPOs in the UAE

The UAE’s IPO landscape is heating up, driven by state-backed initiatives and private sector growth. With Abu Dhabi and Dubai pushing for capital market diversification, market experts are watching closely for new listings from flagship brands and disruptors alike.

Etihad Airways

Etihad Airways is preparing for a landmark IPO targeting a $5bn valuation, potentially making it the first Gulf airline to go public. Backed by Abu Dhabi sovereign wealth fund ADQ, the IPO is expected to involve a 20% stake through 2.7 billion shares.

Noon.com

Noon.com remains a strong IPO candidate, though no formal listing plans have been announced. As the Middle East’s leading e-commerce platform, the company has acknowledged IPO interest but denied any immediate timeline.

Masdar

Masdar is reportedly exploring a future IPO to raise funds for renewable energy projects, with speculation of a dual listing that could include New York. Officially, the company has stated it has ‘no current plans’ to go public.

FIVE Holdings

FIVE Holdings operates luxury lifestyle hotels across Dubai, Zurich, and Ibiza. The UAE-based firm is planning a $2bn IPO in 2025, with 10% of the shares reportedly earmarked for employee stock options as part of its listing strategy.

Find out which shares you can trade right now, while these companies prepare for their IPOs – explore stocks from leading global firms.

Best upcoming IPOs in Australia

Australia's IPO outlook in 2025 is being shaped by developments in clean energy, biotech innovation, and a possible airline comeback. While the local market has been cautious, a handful of companies are poised to bring renewed interest to the ASX.

United H2

United H2 is actively preparing for a public listing, with plans for a dual IPO in Australia and North America. Its most recent internal valuation reached $75m in 2024 – up 275% from its previous valuation of $20 million.

HaemaLogiX

HaemaLogiX, a biotech company developing therapies for multiple myeloma, is set to debut on the ASX in 2025. The company has not disclosed an official valuation as of April 2025, but investor interest remains strong.

Virgin Australia

Virgin Australia is targeting a return to the public markets, with a potential IPO under the ownership of Bain Capital. After exiting administration in 2020 through a $2.5bn acquisition, the airline has revived plans to relist – although no formal date has been confirmed.

Best upcoming IPOs in Latin America

The Latin American IPO market is gaining momentum, with several high-profile companies preparing to go public. These IPOs highlight the region's growing prominence in financial services, cryptocurrency, and payment solutions. Here’s a detailed overview of the most anticipated IPOs in LATAM, based on current information as of April 5, 2025.

Ualá

Ualá has rapidly grown into one of Argentina's largest startups with over 8 million users across Latin America. Ualá’s comprehensive financial ecosystem includes card issuance and bill payment services, supported by a $366 million Series E investment round led by Allianz X and TelevisaUnivision in March 2025. Ualá is targeting an IPO in 2026 or later, although official confirmation remains pending.

Grupo Aeroméxico

Grupo Aeroméxico, Mexico's flagship airline, has signalled intentions to list on the New York Stock Exchange (NYSE) to raise approximately $300 million. Having emerged from bankruptcy protection in 2022, the airline plans to capitalise on its recovery and growth potential. The offering will feature American Depositary Shares (ADSs), with Apollo Global Management and other shareholders leading the initiative. 

Citibanamex

Citigroup is exploring a potential public listing of its Mexican retail banking arm, Citibanamex, as part of its broader strategy to exit consumer banking operations in Mexico. Initially targeted for a 2025 IPO, regulatory hurdles and market conditions may push the listing into 2026. Citibanamex could be offered in tranches over a two-year period until Citigroup fully exits the unit.

Best upcoming IPOs in Europe

​Europe's IPO landscape includes several major listings across industries including fintech, cloud computing, banking, and security – reflecting the continent's diverse economic fabric.​

Verisure

Verisure, backed by private equity giant Hellman & Friedman, provides monitored home security systems across Europe and Latin America. With a potential valuation of up to €30 billion, this IPO could be one of Europe's largest in recent years.

Northern Data (Ardent and Taiga)

Northern Data, a German tech firm specializing in high-performance computing, cloud, and AI solutions, is planning a dual listing in Europe and the U.S. to capitalise on global tech investment demand. The company is considering taking its data center unit, Ardent, and cloud division, Taiga, public on the NASDAQ Stock Market.

Novobanco

Novobanco, Portugal’s fourth-largest bank, has successfully recovered since the collapse of its predecessor, Banco Espírito Santo. CEO Mark Bourke has informed employees that the IPO could take place ‘at the end of the second quarter or the end of the third quarter of this year,’ depending on market conditions.

Bitpanda

Bitpanda, the Austrian crypto exchange and broker, is exploring an IPO as part of its broader growth strategy, potentially valuing the company at around $4 billion. Bitpanda aims to strengthen its European presence while eyeing global expansion.

Klarna

Swedish ‘buy now, pay later’ (BNPL) giant Klarna has recently paused its IPO plans due to global market volatility triggered by U.S. president Trump's sweeping tariffs on imports. The company had planned to list on the New York Stock Exchange in April 2025 at a valuation of $15 billion but decided to delay amid unfavorable economic conditions.

Learn more about Klarna’s potential IPO in our Klarna IPO trading guide.

Post-IPO stocks you can trade right now

Although traders can’t buy IPO shares directly via CFDs, they can speculate on newly listed stocks after they become publicly traded.

Many of the world’s largest publicly traded companies began their stock market journey with an IPO, such as the 'Magnificent 7' – which comprises Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla – most of which entered the stock market via IPO. Collectively, the Magnificent 7 stocks account for over 30% total market capitalisation in the US 500, and almost 60% in the US Tech 100.

Learn more about Magnificent 7 stocks in our Magnificent 7 trading guide.

Here’s some more large-cap post-IPO stocks:

• Alibaba: The Chinese e-commerce giant listed on the NYSE in 2014 with the largest U.S. IPO at the time. Today, Alibaba’s market cap exceeds $2.4 trillion HKD.

• Meta Platforms: Previously known as Facebook, the social media giant went public in 2012. Since then, Meta has expanded into AI, VR, and digital advertising, with a market cap of over $1.5 trillion.

• Visa: This global payments giant debuted on the NYSE in 2008. With a market capitalisation of over $650bn, Visa remains a leader in global transactions.

• Taiwan Semiconductor Manufacturing Company: TSMC went public in 1994. The world’s largest semiconductor foundry supplies firms like Nvidia and Apple – with a market cap exceeding $25 trillion TWD.

• Snowflake: A cloud data warehousing firm which debuted in 2020. With a market capitalisation exceeding $50bn, Snowflake has gained traction post-IPO, due to rising demand for cloud computing solutions.

Market capitalisations in this article are correct as of their most recent estimates, and are subject to change based on evolving conditions and individual company performance.

How to find the ‘best’ IPOs in the market

Finding the ‘best’ IPOs involves assessing a range of indicators beyond anticipated hype or headline valuations, such as financial metrics, market positioning, and broader economic context.

Combine fundamental analysis with awareness of current macroeconomic conditions, such as central bank policy or inflation data, which may impact broader IPO activity.

Pre-IPO valuation & revenue

Identifying high-potential IPOs involves evaluating several criteria. Rather than focusing solely on company valuation or sector popularity, traders often assess a combination of financial indicators, market conditions and public information to determine the potential risks & opportunities of an IPO. Here are some key factors to consider:

Profitability metrics

Some IPOs involve companies that are not yet profitable. In such cases, traders often look at gross margins, cash burn rate, and EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) forecasts to assess sustainability. A clearly defined path to profitability, backed by consistent revenue growth, is often considered more favourable.

Sector trends & timing

The timing of an IPO relative to wider market sentiment can influence performance. For example, listings in technology or fintech may gain more traction during periods of sector expansion, while defensive sectors could be favoured during downturns. Traders might monitor sector indices or ETF performance as contextual indicators.

Lock-up periods and insider activity

Post-IPO lock-up periods restrict insiders from selling shares for a set time, typically ranging from 90 to 180 days, though this can vary by exchange or jurisdiction. Upcoming expiries can introduce selling pressure. Traders may watch for regulatory filings or company prospectuses, depending on the listing jurisdiction, to learn the company’s lock-up structures and insider ownership levels.

Investor backing & underwriters

The presence of institutional investors or reputable underwriters (such as Goldman Sachs or Morgan Stanley) can add credibility. Traders sometimes use this as a proxy for internal due diligence and demand expectations.

Regulatory and jurisdictional context

For companies in sectors such as finance, healthcare or artificial intelligence (AI), regulatory compliance can affect IPO readiness and post-listing risks. The chosen listing exchange (e.g. NASDAQ Stock Market, NYSE, or LSE) may also influence liquidity, trading hours, and accessibility for UK-based traders and institutional coverage.

Learn more about IPO trading in our comprehensive IPO trading guide.

How to buy and sell IPOs with CFDs

Here’s the steps to trade IPO stocks after they go public.

• Wait for the IPO listingIPO participation is usually limited to select investors – retail traders can trade via CFDs once the stock goes public.
• Choose your stockAccess thousands of shares on our platform and decide whether to go long (buy) or short (sell) with CFDs.
• Use technical analysisIdentify trading opportunities with our advanced charting tools and technical indicators.
• Set price alertsStay informed on key market movements by setting custom price alerts.
• Manage your riskImplement risk management tools such as stop-loss* and take-profit orders to protect your position and lock in potential gains.
• Trade extended hoursTake advantage of extended trading on key US stocks. Learn more about world stock trading hours.
• Stay informedAccess real-time news, insights, and market data directly within our award-winning trading platform.
• Keep learningExplore resources on share trading, the differences between share trading and CFD trading, and how to trade IPOs effectively.

Learn more about shares trading & the differences between share trading vs cfd trading.

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