OpenAI isn't thinking about an exchange, "Tesla in the sky" raised $1 billion: the main thing about the IPO by Nov. 9

OpenAI management denied rumors of an imminent listing. Electric airplane developer Beta Technologies held an oversized listing in New York for more than $1 bln. Unilever scheduled an initial public offering of its Magnum ice cream business for December, which was previously postponed due to the US government shutdown. The main events in the IPO market over the week are in our selection.

- British Unilever has scheduled the IPO of its ice cream business Magnum Ice Cream for December 8. The initial public offering will be held on three platforms at once: Euronext Amsterdam, New York and London stock exchanges. Magnum Ice Cream owns the Magnum and Ben & Jerry's brands. It was originally scheduled to make its stock exchange debut in Amsterdam, New York and London on November 10, but was postponed due to the U.S. shutdown. Unilever intends to retain a 20% stake in Magnum Ice Cream for five years after the IPO, but will eventually sell that stake as well.

- Shares of electric airplane developer Beta Technologies rose 6% on the first day of trading after listing on Nasdaq. The startup, which seeks to change the aviation industry in the same way Tesla transformed the auto industry, raised $1.1 billion on the exchange. Amid strong demand, the company increased the number of outstanding shares from 25 million to 29.9 million and sold them at $34 instead of the planned $27-33.

- Quotes of three more companies that had time to apply for listing before the shutdown and this week went on the stock exchanges in New York - BillionToOne, Evommune and Grupo Aeromexico - also grew at the debut trading. Medical test developer BillionToOne's IPO was the most successful - its shares soared 82% on the day of its debut after a $273 million IPO. Evvomune, a startup creating a dermatitis pill, gained 26% by the end of the day after a $150 million IPO. Mexico's leading airline Grupo Aeromexico had the most modest debut of the three - it sold $223 million worth of depositary receipts on the NYSE and they rose 7% on the first day of trading.

- OpenAI 's IPO is "not on the agenda" in the near term, the company's CFO Sarah Fryar said at the WSJ Tech Live conference. The ChatGPT developer's transition to a new corporate structure doesn't mean going public anytime soon, she said, because it prioritizes growth and R&D over profitability. OpenAI could quickly reach profitability with "very healthy" gross margins in the corporate and consumer segments if it did not seek to invest aggressively, Fryar emphasized. In late October, Reuters reported, citing sources, that OpenAI management is considering filing for an IPO in the second half of 2026, and its capitalization at the end of the offering could reach up to $1 trillion.

- Quotes of Chinese robot cab services Pony AI and WeRide collapsed after secondary listings on the same day in Hong Kong. In total, they raised more than $1.1 billion. At the debut trading shares of Pony AI fell by 9.3%, and securities WeRide went down by 10%. Those debuts were among the worst among major listings in the city in 2025, according to data compiled by Bloomberg. "These placements have timing issues. They are either six months late or started a year early," the agency quoted Leverage Shares analyst Sandeep Rao as saying. Hong Kong's stock exchange was the top IPO market in the first half of the year, ahead of Nasdaq and NYSE, and remains odds-on to regain its title as the world's largest IPO venue for the first time since 2019.

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