Top 10 Global IPOs of 2025 and What Indian Startups Can Learn

The global IPO scene is back with a bang in 2025, and Indian investors are keeping a close eye. With tech, fintech, and space tech leading the pack, the biggest listings this year aren’t just reshaping capital markets — they’re sending strong signals to emerging economies like India.

Here’s a curated list of the top 10 IPOs globally this year, and why they matter for Indian market watchers, startup founders, and retail investors.

1. Figma (USA)

• Sector: Design & Collaboration SaaS
  
• IPO Value: $12.5 billion
  
• Why It Matters for India: Figma tools are widely used by Indian developers and designers. Its IPO revival reflects confidence in SaaS — a growing sector in India’s startup ecosystem.
  

2. CoreWeave (USA)

• Sector: AI Cloud Infrastructure
  
• IPO Value: $7 billion
  
• Relevance to India: As Indian companies explore GenAI, demand for GPU cloud infra like CoreWeave is rising. A reminder for Indian cloud players to scale smartly.
  

3. Circle (USA)

• Sector: Crypto / Stablecoins
  
• IPO Value: $9 billion
  
• Why It’s Important: Circle’s listing may influence India’s evolving crypto regulations. It shows a path for regulated, transparent digital assets.
  

4. Firefly Aerospace (USA)

• Sector: Space Technology
  
• IPO Value: $6.8 billion
  
• Indian Context: ISRO and Indian private players like Skyroot can draw parallels. The IPO shows there’s real investor appetite for space-tech beyond hype.
  

5. Chime (USA)

• Sector: Neobanking / Fintech
  
• IPO Value: $13.5 billion
  
• Takeaway for India: Neobanking is heating up in India too. Chime’s success may inspire similar models here, especially for Tier 2 and 3 audiences.
  

6. Databricks (USA – Expected)

• Sector: AI & Big Data
  
• Projected Valuation: $43 billion
  
• India Angle: Indian IT giants rely on Databricks. As AI demand spikes, this IPO reinforces how Indian tech exports can benefit by integrating advanced data platforms.
  

7. Klarna (Sweden)

• Sector: BNPL / Fintech
  
• Valuation: $15–20 billion
  
• Why It’s Noteworthy: With RBI tightening BNPL norms, Klarna’s IPO could serve as a case study on scaling responsibly while staying innovative.
  

8. Reliance Jio (India)

• Sector: Telecom & Digital Ecosystem
  
• IPO Estimate: $4–5 billion
  
• Why It’s HUGE: Expected to be India’s biggest listing this year, Jio’s IPO will redefine how digital infra, fintech, and content services come together under one umbrella.
  

9. Shein (HQ: Singapore, Origin: China)

• Sector: E-commerce / Fast Fashion
  
• Valuation: $50–70 billion
  
• Relevance: Despite past India bans, Shein’s global rise underlines the value of supply chain innovation. Indian D2C brands have a lot to learn here.
  

10. GCash (Philippines)

• Sector: Fintech / Digital Wallets
  
• IPO Value: $1–1.5 billion
  
• India POV: India’s UPI has gone global — but GCash’s IPO shows how mobile payments can scale in cash-heavy economies. A case worth studying.
  

Read Also: Belrise Industries Finalizes IPO Share Allocation Today: Know the Steps

The IPO Boom Is Back — And India Can’t Sit This One Out

From design tech to deep space, these IPOs are more than just flashy headlines — they’re shaping global capital flows, influencing regulators, and setting new benchmarks. For Indian investors, founders, and regulators, there’s a lot to observe, adapt, and implement.

Whether you’re holding equity in Reliance, tracking Paytm’s rebound, or part of India’s new tech wave — these IPOs are your global compass in 2025.