The Prophet Report
December 2025 IPO Market Outlook: A Loaded Year-End Calendar Sets Up a Massive 2026 Pipeline
December 2025 is shaping up to be one of the busiest—and most consequential—year-end IPO windows in more than a decade. Unlike prior years, where the holiday period thins out, this December is carrying multiple mega-cap and global brand-name IPOs into the final weeks of the year.
Several of the market’s biggest deals are still ahead.
And the setup for 2026 is even stronger.
This is a defining moment for the IPO cycle—and exactly the environment IPO Prophet® was built for.