The global IPO market saw 539 companies go public in the first half of 2025, raising approximately $61.4 billion — a 17% increase in proceeds year-on-year despite about 4% fewer listings. The US, India, and China led in number of IPOs launched. Deal sizes rose, particularly in Greater China, while cross-border listings hit a long-term high, signaling confidence among issuers to tap international investor pools.