The IPO landscape is poised for significant activity in 2025 and is coming off the heels of a year with 64 IPOs – a notable increase from the 28 that debuted in 2023. There are several companies preparing to enter the public markets. The first to do so is FlowCo Holdings Inc., an energy sector company.
Company: Flowco Holdings Inc.
Symbol: FLOC (NYSE)
Description: They are a leading provider of production optimization, artificial lift and methane abatement solutions for the oil and natural gas industry.
Shares: 17.8 million
Price Range: $21.00-$23.00
Market Cap: $1.85b-$2.02b
Trade Date: Thursday, January 16
Underwriters: J.P. Morgan, Jefferies, Piper Sandler, Evercore ISI, BMO Capital Markets, Pareto Securities, Fearnley Securities, TPH & Co., Pickering Energy Partners
Links to Prospectus:
The current active IPO pipeline is:
2025 Forecast: Turo Inc, Grupo Aeromexico, Solera Corp, HMH Holdings Inc, Yuanbao Inc, Hornbeck Offshore Services, Inc., Cerebras Systems Inc, Infinity Natural Resources, Inc., FlowCo Holdings Inc., SmartStop Self Storage REIT, Inc., Aspen Insurance Holdings Limited, Venture Global Inc., Smithfield Foods Inc.
However, notably, Smithfield Foods Inc., FlowCo Holdings Inc., SmartStop Self Storage REIT, Inc., Aspen Insurance Holdings Limited, and Venture Global Inc. are also among those “projected” to launch early this year.
Smithfield Foods Inc., a leading pork producer known for brands like Farmland and Farmer John, has publicly filed for an IPO this morning, marking its return to the U.S. stock market after being taken private in 2013.
Venture Global Inc., also in the energy sector, is also among the firms expected to pursue an IPO in the near future. Details regarding the offering are currently limited, but the company’s public debut would contribute to the anticipated surge in IPO activity within the energy industry.
SmartStop Self Storage REIT, Inc., a self-managed real estate investment trust specializing in self-storage facilities, has announced its intent to list on the New York Stock Exchange under the ticker symbol “SMST.”
Aspen Insurance Holdings Limited has filed a registration statement for a proposed IPO, indicating its plans to enter the public market. Aspen originally filed to go public in December 2023.
The anticipated IPOs of these companies underscore a broader resurgence in the U.S. IPO market, driven by favorable economic conditions and investor appetite for new offerings. We maintain a viewpoint that 2025 could see a significant increase in IPO activity fueled by a strong broader market and a new political party stepping into office.
We look forward to serving our clients in 2025.