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The IPO frenzy is back — and it’s bigger, bolder, and way more global. From AI infra to neo banking, some of the world’s most exciting companies are going public this year.
While most of these listings are happening outside India, the ripple effect is real — especially for Indian investors, founders, and VCs looking to scale or go public themselves. Here’s our rundown of the 10 biggest global IPOs of 2025 and why they matter for India’s new economy.
Top 10 Global IPOs to Watch
1. Figma (USA)
- Valuation: $12.5B
- Why India Should Watch: The go-to design tool for India’s growing SaaS + D2C ecosystem. Figma’s IPO signals strong investor confidence in creative tools.
2. CoreWeave (USA)
- Valuation: $7B
- India Angle: GenAI demand is booming here too. Indian data infra startups should take notes — there’s serious money flowing into GPU-heavy platforms.
3. Chime (USA)
- Valuation: $13.5B
- Lesson for India: Neobanks like Jupiter, Fi, and Zolve are emerging here. Chime’s IPO gives a global roadmap for scaling without a banking license.
4. Circle (USA)
- Valuation: $9B
- Relevance: India’s crypto policy may still be under construction, but Circle’s IPO shows how stablecoins can enter the mainstream legally.
5. Firefly Aerospace (USA)
- Valuation: $6.8B
- Indian View: With Skyroot and Agnikul rising fast, this is proof that private space startups can go public — and go big.
6. Databricks (USA – Expected)
- Valuation: $43B
- India POV: Data is the new oil — and AI is the new refinery. Expect IT majors and Indian AI startups to follow Databricks’ lead in data monetization.
7. Klarna (Sweden)
- Valuation: ~$20B
- Indian Relevance: BNPL is still evolving here, but Klarna’s playbook can offer insights on risk, regulation, and retention.
8. Reliance Jio (India – Expected)
- Valuation: ₹4–5 lakh crore
- What to Expect: This could be India’s biggest digital IPO ever. From telecom to OTT to payments, Jio’s scale is unmatched — and investors are watching.
9. Shein (Singapore HQ, China Origin)
- Valuation: $60B
- India Lesson: Despite past bans, Shein’s IPO highlights how supply chain tech, influencer strategy, and fast fashion still rule e-commerce globally.
10. GCash (Philippines)
- Valuation: $1.2B
- Takeaway: India may lead in digital payments with UPI, but GCash’s success shows there’s still room for wallet-based ecosystems in regional markets.
If there’s one thing 2025’s global IPO roster shows, it’s this: scale matters, but narrative and timing matter more. Indian startups dreaming of listing — whether on the NSE, BSE, or even NASDAQ — need to learn, adapt, and prepare.
From Jio to Zomato, India’s story is just heating up. But if we want to play in the big leagues, we’ll need more IPOs that turn heads — not just at home, but across global exchanges.
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