JD.com, Inc.

Billionaire Bill Ackman plans to float a closed-end fund again after a year, tempering his fundraising appetite from $25 billion to $5 billion. Retail investor demand for the IPO of Chinese rival Nvidia outstripped the offer by more than 4,000 times. Investment bankers bet on the recovery of the market for initial public offerings in Europe in 2026. The main events on the IPO market for the week - in our selection.

Ackman fund listing and excitement around the "killer" Nvidia: the main thing about the IPO by November 30th

Several large defense companies from Europe have started preparing for IPOs. Shares of the creator of Baby Shark, the most popular video on YouTube, collapsed below its IPO price after soaring in debut trading. Billionaire investor Bill Ackman urged the White House not to pursue the IPOs of Fannie Mae and Freddie Mac. The main IPO market events of the week are in our selection.

European defense, Baby Shark and Fannie-Freddie: What's important about IPOs by Nov. 23

Universal Music Group N.V.

This would already be a secondary listing for the company, billionaire Bill Ackman has insisted on it

Taylor Swift's label Universal Music has filed for a US stock offering

Howard Hughes Holdings Inc. 

Investment bank JPMorgan has downgraded its recommendation on small-cap real estate developer Howard Hughes from "overweight" to "neutral," as&nbsp;<a href="https://www.cnbc.com/2025/06/23/monday-wall-street-stocks-from-analyst-calls-like-nvidia.html">reported</a>&nbsp;by CNBC. The company is set to get an infusion of $900 million from billionaire hedge fund manager Bill Ackman, who intends to <a href="https://oninvest.com/article/milliarder-ekman-resil-postroit-sovremennuu-berkshire-po-primeru-kompanii-baffeta">turn</a> it into a "modern-day Berkshire Hathaway." JPMorgan analysts are skeptical that Ackman can deliver.