Debut of debt collector and startup with Tinkov's investments: the main thing about IPO by June 29

Mexican fintech startup Plata could go public within two years. Frankfurt Stock Exchange operator Deutsche Boerse is preparing this year's biggest IPO in Europe. Shares in U.S. debt collector Jefferson Capital soared nearly a quarter after debuting on the Nasdaq. Autodoc, one of Europe's largest auto parts sellers, postponed its Frankfurt listing. The main IPO market events of the week are in our selection.

- Deutsche Boerse is planning a $1 billion IPO of its ISS Stoxx analytics unit, the Bloomberg news agency reported, citing sources. The listing could take place in Frankfurt as early as the second half of 2025, they said. It would be the largest in Europe since the $1.7 billion offering of Polish supermarket chain Zabka in Warsaw in 2024. ISS Stoxx provides corporate governance data and analytics, including investor voting recommendations for shareholder meetings, as well as a wide range of benchmarks and indices covering equities, sustainability and cyber risk. It has more than 3,400 employees in 15 countries. ISS Stoxx's adjusted EBITDA for 2024 amounted to €283 million.

- German medical software developer Brainlab and its shareholders plan to raise up to €400 million in an IPO in Frankfurt. Shares will be offered at prices ranging from €80 to €100. Trading in Brainlab shares will begin on July 3. Berenberg and Deutsche Bank are the organizers of the offering.

- Norwegian SMB software provider Visma has chosen London over Amsterdam for its IPO, sources confirm to Bloomberg. According to one of them, the company is looking to go public in early 2026. The company was valued at €19 billion in a share deal at the end of 2023. Its IPO could be the largest in the U.K. in recent years and would provide a positive boost to the U.K. listing market, which has fallen on hard times. According to data from the Financial Times, one factor in Visma's decision was an initiative by the London Stock Exchange to allow companies whose shares are traded in euros or dollars rather than pounds sterling to be included in the FTSE indices, the article said.

- Mexican fintech startup Plata, which specializes in credit cards, could go public with a $10 billion capitalization within two years, its investor Oleg Tinkov expects. «We will do an IPO within two years for ten billion,» announced Tinkov in an interview with the «This is Ossetian» project. Plata was founded in April 2023. Its early investors include the families of Oleg Tinkov and Baring Vostok investment fund founder Michael Calvey. In a March 2025 funding round, the startup was valued at $1.5 billion. 

- Fintech company Wealthfront, known for automated investing products and an online platform popular with young people, has filed for an IPO in the United States. The number of shares to be offered and the price range have not yet been determined. Wealthfront also offers a range of banking services, including higher-yielding savings accounts. UBS tried to acquire Wealthfront in 2022 to expand its wealthy client base, but the deal failed.

- Digital payments provider Pine Labs, of which PayPal is one of the shareholders, has filed for an IPO in India. The company aims to raise up to $303 million. It plans to use the proceeds from the IPO to invest in expanding its presence outside of India - in Singapore, Malaysia and the UAE. The Pine Labs listing will be the largest for an Indian fintech company since Paytm's parent company One97 Communications raised $2.5 billion in 2021. According to data from PwC, India accounts for nearly 46% of global digital transactions and retail digital payments in the country have grown 90 times in the last 12 years.

- A $1.5 billion IPO filing is also being prepared by India's largest digital payments provider, PhonePe, owned by Walmart.

- Intel-funded Chinese AI startup Reconova is planning a $100 million IPO in Hong Kong in 2025, sources told Bloomberg. Reconova develops facial recognition technology for airports, stores, industrial plants and commercial vehicles.

- Insurance FWD Group, whose listing had been delayed for four years, raised $442 million in an IPO in Hong Kong. The company is controlled by Hong Kong billionaire Richard Li, son of Hong Kong's richest man, Li Kashin. FWD originally wanted to IPO in New York in 2021 and raise between $2 billion and $3 billion, but plans had to be abandoned due to problems with U.S. authorities - they viewed the company as a Chinese rather than a Hong Kong entity. In 2022, FWD began preparing for an IPO in Hong Kong, but then postponed it due to the unstable situation in the global financial markets.

- Shares of Jefferson Capital, which specializes in buying up overdue consumer loans, jumped 24% on the first day of trading after the company and its shareholders raised $150 million in an IPO. At the end of trading on June 26 on the New York Stock Exchange, the securities closed at $18.54 - above the offering price of $15. In all, about 10 million shares were sold at the lower end of the price range. Jefferson has been profitable since its founding in 2002. The company buys up portfolios of consumer debt, from distressed credit card debt to auto loans.  It outsources some of its collection processes, such as call center work, while focusing on analytics and data processing.

- German auto parts retailer Autodoc, one of the leaders of that market in Europe, postponed an IPO in Frankfurt that was due this week. Autodoc's €389 million listing could have been among the largest in Germany in 2025. The company did not give a reason for the decision. According to Bloomberg's sources, Autodoc and its shareholders delayed going public to wait for more favorable market conditions because they were unsure about positive share performance after the listing.

- JPMorgan Chase expects several large U.S. IPOs of more than $1 billion by the end of 2025 - mostly starting in September, reported Bloomberg, citing JPMorgan's co-head of equity capital markets in the Americas Keith Canton. A sharp rise in quotations of new issuers in the U.S. IPO market is rekindling optimism: investors hope that activity will accelerate by the end of 2025 and continue into 2026, the agency notes. According to its calculations, securities of companies that went public this year in the U.S., on average, rose in price by 52.8% - more than in Asia (up 45%), Europe (38%) and the Middle East (7%).

This article was AI-translated and verified by a human editor