Exchange Listing LLC

Beta Technologies is moving forward with plans for an $825 million IPO, one of the few companies choosing to proceed despite the ongoing U.S. government shutdown. The Vermont-based electric aircraft maker will offer 25 million shares at a range of $27 to $33 each, targeting a valuation near $7.2 billion. The deal is backed by major institutional investors, including BlackRock, GE Aerospace, and AllianceBernstein, who have indicated interest in up to $300 million of the offering. Beta’s decision to proceed, even as the SEC’s ability to review IPOs remains limited, reflects growing confidence in both the company’s market position and in investor demand for clean aviation technology. Led by Morgan Stanley and Goldman Sachs, the IPO is expected to price on November 3 and list on the NYSE under the symbol BETA.

WeWork India Management Ltd. made its trading debut in Mumbai last week, but shares slipped below the IPO price, closing at 634.50 rupees versus the offer price of 648. The $338 million listing, which makes WeWork India the largest player in the country’s flexible workspace sector by market value, was fully subscribed, but mostly by institutional investors. Demand from retail and high-net-worth investors fell short, leading to a muted start despite broader market optimism. Institutional buyers drove the offering with bids for nearly twice the shares available, reflecting confidence in India’s growing office and co-working market, even as smaller investors remain cautious. The result highlights a recurring theme in emerging market IPOs: strong fundamentals and scale attract institutions first. Retail momentum often follows once performance stabilizes.

Alliance Laundry Holdings made a strong debut on the New York Stock Exchange, opening 11% above its IPO price after raising $826 million in its listing. The Wisconsin-based commercial laundry equipment maker priced its shares at $22, trading up to $24.50 at open and valuing the company at roughly $4.8 billion. The offering, upsized by 10% and priced at the top of its range, was more than 11 times oversubscribed, with top institutional investors taking over half of the available shares. Alliance Laundry’s IPO follows a recent uptick in industrial listings, including Blackstone-backed Legence Corp., as investors show renewed interest in steady, cash-generative businesses. With revenue up 15% year-over-year and margins near 25%, the company’s fundamentals helped drive strong demand despite broader market uncertainty. For a business founded in 1908, Alliance Laundry’s success story is proof that disciplined growth and operational focus remain compelling to investors, even in complex markets.

Shawbrook is preparing to revive its long-awaited IPO, marking what could become the biggest listing on the London Stock Exchange this year. The UK small business lender, valued at up to £2 billion, is moving ahead with plans after market volatility forced a pause earlier in 2024. Its private equity owners, BC Partners and Pollen Street Capital, are keen to move before financials go stale, with Goldman Sachs and Barclays leading the deal. If successful, Shawbrook’s listing would provide a welcome boost for London’s subdued IPO market, which has raised just $210 million so far this year, compared to $52.8 billion on the NYSE and Nasdaq. The IPO would also signal a turning point for London’s public markets, which have struggled to attract new listings amid global competition. With other names such as Visma, Monzo, and CFC lining up for 2026, momentum for UK listings may finally be returning.

Cerebras Systems Withdraws IPO Plans Following $1.1 Billion Fundraising Round Artificial intelligence chipmaker Cerebras Systems has withdrawn its plans for an initial public offering, days after announcing a $1.1 billion private funding round that valued the company at $8.1 billion. In its SEC filing, Cerebras stated that it does not intend to proceed with the proposed offering “at this time.” The company did not cite a specific reason for the withdrawal but confirmed its continued intention to pursue a public listing in the future. Cerebras originally filed for an IPO last year as it sought to compete with Nvidia in building processors for generative AI applications. Since then, the company has pivoted toward offering cloud-based services powered by its proprietary chips, reflecting the rapid evolution of the AI infrastructure market. The recent funding round provides Cerebras with significant capital to scale operations while maintaining flexibility around timing for an eventual IPO. With investor interest in AI infrastructure continuing to accelerate, the company’s future listing will remain one to watch.

DeepL SE, the German AI translation software developer, is reportedly preparing for a U.S. IPO as early as next year. The company, last valued at $2 billion in March 2024, is said to be targeting a market capitalization of up to $5 billion. DeepL’s flagship product, DeepL Translate Pro, supports over 30 languages and is widely regarded for its accuracy. Enterprise features include near real-time speech translation for video platforms, as well as custom glossaries to manage technical and company-specific terminology. DeepL also offers DeepL Write, a tool for text generation and advanced editing. The company attributes its competitive edge to human-guided training methods, positioning it strongly in an expanding AI market. If successful, the IPO would further highlight U.S. exchanges as the listing venue of choice for Europe’s emerging AI leaders.

Princes Group Plc has announced its intention to pursue an initial public offering on the London Stock Exchange, marking a notable addition to the UK’s pipeline of new listings. The company, a subsidiary of Italy’s NewPrinces SpA, reported £71 million in adjusted EBITDA on revenues of £964.2 million for the first half of the year. According to the company, a London listing will provide a platform to expand its product portfolio, extend its international reach, and attract top talent. Princes sells nearly one billion cans of food annually and owns well-known brands such as Princes tuna and Branston’s pickles, and baked beans. NewPrinces acquired Princes in 2023 for approximately £700 million. BNP Paribas, Rabobank, Peel Hunt, and UniCredit are leading the offering. The announcement comes as London seeks to regain momentum in its IPO market, having recently fallen out of the top 20 global listing venues. With several companies, including Shawbrook Group Plc, also preparing potential listings, there are signs of renewed activity.

Pattern Group Inc. has priced its IPO at $14 per share, offering over 21 million shares split between the company and existing stockholders. Trading began on the Nasdaq Global Select Market under the ticker PTRN. Based in Utah, Pattern operates an e-commerce acceleration platform that supports global brands across 60+ marketplaces, including Amazon, Walmart, Target, eBay, and TikTok Shop. Its AI-driven tools help optimize advertising, pricing, logistics, and customer experience. With Goldman Sachs and J.P. Morgan leading the offering, Pattern’s listing underscores the growing role of technology-driven platforms in shaping global ecommerce and highlights continued investor interest in companies at the intersection of AI and digital retail.

Verisure has announced plans to raise €3.1 billion in a Stockholm IPO, valuing the home security company at more than €20 billion. Backed by Hellman & Friedman since 2011, this would mark one of Europe’s largest IPOs in recent years. The deal signals renewed momentum for European listings after a prolonged slowdown. Verisure generated €1.8 billion in revenue in the first half of the year, up nearly 10% from the prior period, and plans to use part of the proceeds to reduce debt and expand further across Europe and Latin America. With other offerings, including ISS Stoxx and Swiss Marketplace Group, also preparing to enter the market, Verisure’s listing highlights growing investor confidence and a reopening window for European IPOs.

Netskope has officially gone public, pricing its IPO at $19 per share and raising about $908 million. Trading under the ticker NTSK, the debut valued the company at $7.3 billion, with early market activity pushing that closer to $8.8 billion. Founded in 2012, Netskope has grown from a startup to a global leader in cloud-first security and networking, now trusted by more than 30% of the Fortune 100 and over 4,000 customers worldwide. With nearly $700 million in annual recurring revenue and recognition in Gartner’s SSE and SASE Magic Quadrants, Netskope’s IPO marks a significant milestone. The company enters the public markets at a critical moment for cybersecurity, where AI-driven workloads and rising global threats demand new levels of resilience. Netskope’s journey shows how long-term vision, strong execution, and investor confidence can align to create lasting impact in capital markets.