To achieve the targeted capitalization of the Russian stock market at 66% of GDP by 2030, it will be necessary to attract over 1.28 trillion rubles annually through IPOs. We analyze which sectors will become the drivers, which companies may go public, and what reforms are needed to boost the market. Doubling the Capitalization of the Russian Stock Market by 2030: IPOs Averaging ₽1.28 Trillion Annually By 2030, Russia has set an ambitious goal: to increase the market capitalization of its stock market to 66% of GDP (approximately ₽174 ...

... developer of design software Figma , which aims for a valuation of approximately $15–16 billion at its stock offering, possibly occurring this fall (if its acquisition by Adobe doesn't finalize). Hardware and chip companies are also appearing on the public market's horizon: for example, the startup Ambiq Micro (USA, a manufacturer of energy-efficient microchips) announced plans to raise about $85 million through an IPO. Even in emerging markets, exits are being planned: the Indian online retailer Meesho ...

... billion at a company valuation of around $17 billion, as Figma's shares opened with strong growth, confirming high investor demand for tech IPOs. Several well-known startups (including payment service Stripe and social platform Reddit) are scouting the public market for the second half of 2025, waiting for the right moment. The ongoing IPO wave is vital for the entire venture ecosystem, as successful public exits finally allow funds to realize profits and channel capital into new projects. Despite cautious ...

... have already submitted applications or are preparing for IPOs in the second half of 2025—indicating that the “window” for public offerings remains open. The continuation of the active IPO wave is vital for the entire venture ecosystem. Successful public market exits finally provide venture funds the opportunity to lock in profits and redirect capital into new projects. Despite persistent investor caution, the fact that the “window” for IPOs has been open for an extended period encourages more startups ...

... designer Montage Technology plans to raise up to $1 billion), highlighting the resurgence of IPO activity, at least on Asian markets. Conditions have also significantly improved in the U.S. and Europe. American fintech giant Chime recently debuted on the public market to great success: on its first day, its stock price rose by more than 30%, with a market capitalization reaching approximately $18 billion. This success inspires other candidates. The design platform Figma conducted a long-awaited listing, raising ...