iHerb Is Set to Go Public, and Vimeo's Owner Is Making Its Debut: Key Facts About the IPOs by July 5

iHerb, an online retailer of cosmetics and dietary supplements, has selected underwriters for its IPO, through which it intends to raise approximately $500 million by the end of the year. Italy’s Bending Spoons, owner of Vimeo and Evernote, raised $1.68 billion in its IPO, after which its shares rose 40% on the first day of trading and its market capitalization reached $25.7 billion. Meanwhile, the European defense conglomerate KNDS has postponed its IPO on the Paris and Frankfurt stock exchanges due to high stock volatility in the sector. Check out our roundup of the week’s top events in the initial public offering market.

— iHerb , an online retailer of vitamins and dietary supplements, has selected investment banks JPMorgan, Morgan Stanley, and Citigroup to lead its IPO, through which it hopes to raise about $500 million, according to sources cited by Bloomberg. According to one of the sources, the offering could take place as early as the end of the year. The company, which operates in more than 180 countries and serves over 15 million customers, generated more than $2.8 billion in revenue in 2025 and posted a profit. Earlier, iHerb also acquired Vitacost, an online retailer of vitamins and health products, from U.S. grocery retailer Kroger to strengthen its position in the U.S. market. The company had already attempted to go public in 2021 but abandoned those plans in early 2022.

— Higgsfield , an AI video startup, is in talks to raise $300–500 million at a pre-money valuation of about $5 billion—nearly four times its January valuation of $1.3 billion, according to The Information. Founded in 2023 by Alex Mashrabov, the former head of Snap’s generative AI division, the company became Kazakhstan’s first “unicorn” in September 2025, and by July 2026, it had reached an annual revenue run rate of about $500 million, up from $200 million at the end of 2025, with corporate clients accounting for about 70% of its revenue. Higgsfield generates about 4.5 million videos daily and competes with Runway, Kling, Google Veo, and OpenAI’s Sora.

— Fintech company Plaid, whose platform allows apps to connect to users’ bank accounts, is considering an IPO and has already begun preliminary talks with investment banks, according to sources cited by Bloomberg. Earlier this year, the startup raised funding at a valuation of about $8 billion, having rebounded from a decline in valuation from a peak of $13.4 billion in 2021 to $6.1 billion in 2025. Plaid’s investors include Goldman Sachs, Citigroup, Mastercard, Visa, and JPMorgan, and the company recently announced a partnership with OpenAI to provide ChatGPT users with personalized financial recommendations based on their banking data.

— The European defense conglomerate KNDS has postponed its IPO on the Paris and Frankfurt stock exchanges due to high volatility in the sector’s stock prices. At the beginning of the year, the company was valued at approximately €25 billion; however, following a decline in the share prices of comparable companies, the valuation was revised to €15–18 billion, according to Bloomberg. KNDS, owned by the French government and the family-owned holding company Wegmann & Co., has completed nearly all preparations for the offering and intends to resume its IPO once market conditions improve.

— Bending Spoons, an Italian company specializing in the acquisition and development of distressed IT assets, raised $1.68 billion in its IPO. On its first day of trading on Nasdaq, its shares rose 40%—from $29 to $40.50 per share. This increased the company’s market capitalization to $25.7 billion, compared to a valuation of about $14.5 billion in 2025. Founded in 2013, Bending Spoons owns Vimeo, WeTransfer, Evernote, AOL, and Remini. In the first quarter of 2026, the company reported a net profit of $27.5 million on revenue of $601 million, compared to a loss of $112 million and revenue of $259 million a year earlier, and the number of monthly active users rose to 500 million, of which about 9 million are paying subscribers.

— Lime, an American electric scooter and bicycle rental service, raised $174 million in its IPO, after which its shares rose 4% on their first day of trading on the Nasdaq, reaching $26 from an offering price of $25. The company’s market capitalization reached $1.7 billion, up from a valuation of $510 million in 2020. Lime operates in more than 230 cities, and in 2025, 14.5% of its revenue came from its partnership with Uber, which retained about 22% of the company’s shares following the IPO. Demand for the offering was approximately six times the supply, with the ten largest institutional investors receiving more than 75% of the IPO shares, according to Bloomberg sources.

— ITG, an American company that provides network infrastructure for telecommunications carriers and data centers, made its Nasdaq debut with an 11% rise in its stock price, bringing its market capitalization to $2.2 billion. The company priced its shares at $16 each, and trading opened at $18. Founded in 2013, ITG is considered one of the beneficiaries of the boom in AI infrastructure investment: it serves broadband, fiber-optic, and wireless network operators, as well as data centers and utility companies. The company’s revenue in the first quarter of 2026 totaled $333.9 million, with Comcast and Charter Communications accounting for about 60% of last year’s revenue.

— Hong Kong’s securities regulator will tighten oversight of IPOs, focusing on order book formation and share allocation procedures. This move was prompted by identified cases of possible artificial inflation of demand, in which, according to the regulator, orders may have been funded by individuals associated with issuers or their major shareholders. Against this backdrop, the regulator has required investment banks participating in IPOs to submit plans to address the violations. Bloomberg notes that capital raised through IPOs in Hong Kong in the first half of 2026 rose 29% year-over-year, to nearly $44 billion.

— The U.S.- and Israeli-led war against Iran has exacerbated the downturn in the Gulf countries’ IPO market: since the beginning of 2026, the volume of IPOs in Saudi Arabia, the UAE, Kuwait, Qatar, and Oman has totaled just over $1 billion—the lowest figure since 2021. Despite geopolitical uncertainty, investment banks expect the market to rebound after the summer: in Saudi Arabia, tech companies NourNet and Master Works, as well as a number of other issuers, are preparing for IPOs; in Kuwait, Goldman Sachs is advising on the IPO of online retailer Boutiqaat; and in Qatar, a healthcare company is preparing for a listing.

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