The team at Mulberry Wealth Securities has been keeping a close eye on the global IPO landscape, and there’s a renewed sense of optimism heading into 2025. After a few quieter years, the US IPO market is showing clear signs of revival — and for investors seeking growth opportunities, that’s welcome news.
According to MWS’s Advisory Team, IPO proceeds in the United States reached around US $41.36 billion in 2024, marking a 75 percent increase from the year before. While those numbers still sit below pre-pandemic peaks, they represent a decisive turn in momentum. The number of listings and overall deal value have both climbed, pointing to a market that’s regaining confidence and liquidity.
“After two years of subdued issuance, the rebound we’re seeing now reflects a healthier, more stable market environment,” says Mr. Richard Carver, CFO at Mulberry Wealth Securities. “Investors are showing a greater appetite for new offerings, and companies are again viewing public markets as a viable growth platform.”
A Clear Shift in Market Sentiment
Data from the MWS Advisory Team shows that IPO activity is accelerating. In January 2025 alone, the US saw 29 listings worth roughly US $5.1 billion, compared to just 17 deals worth US $3.45 billion in the same month last year.
Behind this revival are a few key drivers. First, stabilising interest rates have restored confidence. As inflation pressures ease, valuations are becoming more predictable, allowing issuers to price their offerings more effectively. Second, a more business-friendly regulatory tone in Washington has encouraged companies that had delayed going public to revisit those plans.
And third, private equity firms are re-entering the market. After years of holding portfolio companies longer than expected, they’re finally seeing an opportunity to exit through IPOs. The result? A pipeline of high-quality issuers preparing to hit the public markets throughout 2025.
Opportunities for Savvy Investors
For Mulberry Wealth Securities clients, this renewed energy in the US IPO space offers more than just a positive headline. It presents tangible opportunities to diversify portfolios and capture early-stage growth from companies entering public markets.
“Our team is helping clients identify those IPOs that combine solid fundamentals, clear business models, and sustainable growth trajectories,” explains Mr. Richard Carver. “We’re past the speculative frenzy of earlier cycles — investors today are focused on quality.”
MWS’s Advisory Team believes that the strongest IPO opportunities will come from technology, green energy, and advanced manufacturing, where US innovation remains globally competitive. With valuations still below historical averages, the entry point for long-term investors could be particularly attractive.
Staying Grounded Amid the Hype
That said, Mulberry Wealth Securities continues to stress that even in a healthier environment, IPO investing carries inherent risks. Market volatility, shifting rate expectations, and global trade tensions could still dampen sentiment if conditions change suddenly.
“Our message to clients is balance,” says Mr. Richard Carver. “Yes, there are exciting deals on the horizon, but the key is discipline — knowing when to participate, and when to stay on the sidelines.”
To that end, MWS’s Advisory Team incorporates risk-adjusted modelling and macro-scenario testing before recommending any IPO allocation. The goal isn’t simply to chase listings, but to integrate them strategically within a client’s broader wealth-management plan.
A Re-Energised Year Ahead
Looking at the year ahead, Mulberry Wealth Securities believes the US IPO market is positioned for continued growth. Improved economic stability, a deep pipeline of quality issuers, and growing investor confidence all point toward a strong 2025.
“IPO cycles always run in phases,” adds Mr. Richard Carver. “What we’re witnessing now is the start of a new one — driven by fundamentals, not speculation. It’s the kind of environment where thoughtful investors can really benefit.”
Final Thoughts
At Mulberry Wealth Securities, we see this recovery not just as a market trend, but as an opportunity for investors to revisit how IPO exposure fits into their portfolios. For those looking to participate in new listings — whether in the US, Australia, or Europe — our Advisory Team provides the insights, data, and strategic support to make informed, confident decisions.
If you’re considering diversifying your portfolio through IPOs or want to learn more about upcoming US listings, reach out to the MWS Advisory Team today.
This commentary is provided for informational purposes only and should not be taken as financial advice. Past performance is not indicative of future returns.
