Thursday, January 15th, 2026
Shasat Research Desk | January 2026 | Capital Markets · IPO · US GAAP · Regulatory Readiness |
8 min read |
After several years of subdued issuance driven by market volatility and higher interest rates, global IPO activity rebounded meaningfully in 2025. Improving equity market performance, stabilising valuations, and renewed investor appetite reopened listing windows across major financial centres. As 2026 begins, market data points to a growing IPO pipeline, alongside heightened regulatory scrutiny and greater execution discipline.
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202
IPOs Completed
in 2025 |
200–230
Forecast IPOs
for 2026 |
$40–60B
Projected Capital
to be Raised |
300+
Companies Queued
in Hong Kong |
According to multiple market trackers, the global IPO market made a notable recovery in 2025. Global issuance reached one of the strongest levels since 2021, supported by double-digit equity market growth that encouraged companies to revisit public listing plans. Rising stock indices helped restore investor confidence and created more favourable conditions for capital raising.
Global IPO proceeds rose substantially compared with 2024, reflecting both increased deal activity and larger average deal sizes, particularly in major markets such as the United States and Asia. Regional variation remained pronounced:
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Looking ahead, most IPO outlooks suggest a continued but selective recovery in 2026. Analysts forecast 200–230 IPOs globally, potentially raising $40–$60 billion, driven by interest in technology, energy transition, and mature private companies seeking liquidity. Several offerings postponed in late 2025 are expected to come to market in early 2026, supporting a stronger first quarter.
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Monetary Policy
Expectations of gradual easing continue to support valuations and improve the cost of capital for listing candidates across all major exchanges. |
Equity Markets
Resilient equity markets have restored investor confidence and widened the issuance window for first-time issuers across multiple sectors and geographies. |
Private Backlogs
Extended private funding cycles have created a large cohort of mature companies ready to access public markets for liquidity and growth capital. |
At the same time, macroeconomic uncertainty and geopolitical risks remain key considerations shaping issuer and investor behaviour across all regions.
Market participants increasingly note that the current IPO cycle differs from earlier post-pandemic waves. Regulators and investors are placing far greater emphasis on financial disclosure quality, governance readiness, and consistent application of accounting standards.
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“IPO execution now requires detailed coordination between finance, legal, compliance, and senior management teams. Understanding regulatory frameworks — from SEC filings to prospectus requirements across Europe and Asia — has become a core execution risk, not a procedural formality.” Shasat Market Intelligence · January 2026
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As a result, many organisations are investing earlier in internal IPO capability-building — complementing external advisory support with structured technical learning. These programmes typically focus on IPO readiness, regulatory filings, disclosure mechanics, and public-company reporting obligations.
Within this context, Shasat delivers transaction-oriented IPO and US GAAP programmes aligned with live market practices — used by finance leaders, legal and compliance teams, and advisors to strengthen technical preparedness and improve regulatory engagement across multiple jurisdictions.
Reflecting the global nature of IPO activity, structured IPO and SEC filing programmes are delivered across key financial centres where listing activity remains concentrated — including New York, London, Singapore, Hong Kong, Mumbai, Toronto, and Zurich.
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IPO Requirements & SEC Filing Process — Programme Locations
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Market feedback suggests that organisations which invest early in internal IPO capability are better positioned to navigate regulatory review cycles, reduce execution risk, and sustain compliance standards after listing.
The 2025 IPO market demonstrated renewed resilience following several subdued years. With strong activity in the United States, India, and parts of Asia, and a growing pipeline shaping up for 2026, issuers have reason for cautious optimism.
However, success in public markets increasingly depends on technical readiness and regulatory discipline, as much as on market timing. For companies considering future listings — particularly cross-border transactions — staying current with evolving disclosure requirements, accounting standards, and IPO execution practices will remain a defining competitive advantage as global capital markets continue to evolve.
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