Exchange Listing LLC

The 2025 IPO Summit Exchange Listing LLC is excited to announce that the IPO Summit 2025 is scheduled for April 15, 2025, at the NASDAQ Headquarters in New York City. This exclusive, invitation-only event is designed for ambitious founders, entrepreneurs, and executives of emerging growth companies aiming to elevate their journey toward a successful U.S. IPO. The summit offers a unique opportunity to engage directly with top-tier IPO experts and like-minded peers, providing actionable insights and strategies tailored to your company's path to going public. The agenda includes sessions on navigating the IPO process, mastering audit complexities, structuring underwriting, and understanding post-listing operations. If you're committed to accelerating your company's growth and exploring IPO opportunities, I encourage you to apply for this unparalleled experience. For more details and application information, visit the IPO Summit website. https://theiposummit.com/

Company Highlight: Spirits Capital Corporation at the 2025 IPO Summit We’re excited to welcome Spirits Capital Corporation to the 2025 IPO Summit at NASDAQ, led by Chairman & CEO Todd Sanders. A fintech innovator, Spirits Capital is redefining alternative asset investing through its Distilled Barrels Financial Exchange (DBFEX)—a cutting-edge platform for trading aged whiskey barrels. Powered by AI-driven pricing technology, DBFEX provides a transparent, data-driven marketplace for investors, family offices, and institutions. Under Todd Sanders’ leadership, Spirits Capital is bridging fintech, asset-backed investments, and capital markets, creating new opportunities in a rapidly evolving space. Their presence at the IPO Summit adds depth to conversations on market innovation, alternative investments, and the future of public markets. Join us this April at NASDAQ to connect with Spirits Capital Corporation and explore what’s next in fintech and alternative asset investing.

We’re proud to welcome Cellaax Holdings as an attendee at the 2025 IPO Summit at NASDAQ and extend a special welcome to Alex Wong, CEO of CELLAAX, from Kuala Lumpur, Malaysia. The IPO Summit is dedicated to fostering market-driven innovation, providing actionable knowledge, market intelligence, and high-impact networking for companies and thought leaders shaping the future of public markets. With Cellaax Holdings on board, we’re deepening the conversation on biotech advancements, regulatory pathways, and the future of life sciences in capital markets. Their pioneering work in stem cell manufacturing, research, and commercialization exemplifies the innovation that drives industries forward. Join us this April at NASDAQ as we explore the next wave of IPOs, strategic partnerships, and industry breakthroughs that will define the public markets.

Once Upon a Farm Goes Public Once Upon a Farm, the organic baby food company co-founded by Jennifer Garner, is reportedly exploring an IPO, joining the growing list of consumer-facing brands looking to tap public markets. The company, known for its no-sugar-added, organic, and refrigerated food products for children, is working with banks on a potential listing, which could come as early as this year. Founded in 2013 and expanded under the leadership of Garner and former Annie’s CEO John Foraker in 2017, Once Upon a Farm has built a reputation for high-quality, health-conscious products. The company raised $52 million in a 2022 funding round and hit $100 million in retail sales that year, signaling meaningful traction in a competitive market. If Once Upon a Farm proceeds with its IPO, it will be a significant test of investor appetite for mission-driven consumer brands. With consumers increasingly prioritizing health and transparency in food choices, the company’s positioning could resonate with both retail and institutional investors. ?If successful, this listing could help pave the way for other food and beverage startups to follow suit in an IPO market that is steadily regaining momentum.

Ryan’s Company is Going Public MNTN Inc. is taking its connected TV advertising platform to the public markets, filing for an IPO as it looks to capitalize on the rapid shift in digital advertising. Backed by Ryan Reynolds, who serves as chief creative officer, MNTN has made a name for itself by merging cutting-edge ad tech with high-impact storytelling. The company’s financials show strong revenue growth, with 2024 revenue reaching $226 million, up from $176 million the previous year, while net losses narrowed to $32.9 million from $53.3 million. Its Performance TV platform, which provides brands with targeting, measurement, and automated ad optimization, positions MNTN to ride the wave of connected TV advertising as traditional media continues to shift toward digital channels. Since acquiring Reynolds’ creative agency Maximum Effort in 2021, MNTN has differentiated itself in a crowded ad-tech space by blending data-driven performance with top-tier creative. Now, with Morgan Stanley, Citigroup, and Evercore leading the offering, the company is preparing to list on the NYSE under the symbol MNTN. This IPO adds to what’s been a solid, though measured, start for US public listings in 2024, with 58 companies raising $9.8 billion so far. With advertising spending increasingly shifting toward connected TV, MNTN’s market debut will be a key test of investor appetite for ad-tech plays in an evolving digital landscape. The question now is: Can MNTN sustain its momentum and carve out a dominant position in the future of TV advertising?

We are pleased to announce that Brio Financial Group, a forward-thinking, full-service financial finance and accounting consulting services firm, has joined us as a channel partner for the IPO Summit 2025. The IPO Summit, scheduled for April 15, 2025, at NASDAQ Headquarters in New York City, is an exclusive, event designed for ambitious entrepreneurs, management teams, and emerging growth companies aiming to optimize their path to a successful IPO. By collaborating with Brio Financial Group, we aim to provide attendees with unparalleled insights and guidance on pre-ipo financing and accounting practices, enhancing the value and impact of the Summit. We look forward to a successful partnership and an enriching experience for all participants and we're looking forward to having you there!

Hong Kong’s Chery on Top Chery Automobile filed for an IPO in Hong Kong as it looks to accelerate global expansion, develop new vehicle technologies, and strengthen domestic production. While the filing doesn’t specify the size or timing of the offering, the company’s rapid growth suggests strong investor interest could follow. As China’s largest passenger vehicle exporter for the past two years, Chery has been on an upward trajectory. In the first nine months of 2024 alone, net profit soared 59% to 11.3 billion yuan, with revenue surging 68% to 182.2 billion yuan. The company sold 2.5 million vehicles last year; second only to BYD, primarily fueled by petrol-engine models. Chery’s global footprint continues to expand, with key markets in Russia, Turkey, Cuba, and Egypt. Despite operating in Russia, the company has downplayed the risk of potential US sanctions, emphasizing a low probability of regulatory action. With CICC, Huatai Securities, and GF Securities as joint sponsors, Chery’s potential IPO will be closely watched, especially as Chinese automakers race to secure capital for EV development and international expansion. As the automotive industry undergoes massive transformation, this listing could position Chery to compete on a larger global stage. The key question now: Can it leverage its IPO to pivot beyond petrol-powered vehicles and carve out a dominant role in the EV market?

Revolut is Almost Ready Revolut’s long-anticipated IPO is edging closer, with co-founder Nik Storonsky signaling that a public listing is inevitable, and the U.S. emerging as the likely venue. The fintech giant, valued at $45 billion in private markets, has defied skeptics by scaling its user base to 50 million, securing a provisional UK banking license, and posting three consecutive years of profitability. But as it prepares for the scrutiny of public markets, the real test begins. The company’s aggressive expansion strategy comes with challenges. Unlike traditional banks, Revolut lacks a vast loan book or entrenched customer relationships, instead relying on transaction fees, foreign exchange, and subscriptions. While this model has fueled rapid growth, it also requires heavy marketing and expansion costs, pushing the company’s true expense ratio to 68%; well above European banking stalwarts like Intesa Sanpaolo or BBVA. Meanwhile, legacy banks are far from standing still. JPMorgan alone spent $17 billion on technology last year, and McKinsey estimates that traditional banks’ digital brands are outpacing neobanks in key markets. Regulation also remains a headwind, compliance costs will only rise as Revolut scales, and while AI may offer future efficiencies, regulators will continue to require human oversight. Revolut has proven its ability to disrupt banking, but now it must convince public market investors that it can sustain high growth while tightening costs. The fintech boom of the past decade was fueled by venture capital, public markets will demand a different pitch. As the company weighs its next move, the question isn’t just when it will list, but whether it can live up to the valuation expectations that private investors have set.

Big Investment for Saudi Umm Al Qura for Development & Construction Co. is set to raise up to $523 million in its Riyadh IPO, marking another milestone in Saudi Arabia’s expanding capital markets. Backed by the Public Investment Fund (PIF), the firm is behind one of the most significant real estate projects in Mecca, a city central to the kingdom’s ambitious tourism and economic diversification plans. The IPO comes at a pivotal time. Saudi Arabia recently opened up investment in publicly traded companies with real estate in Mecca to foreign investors for the first time, a move that could drive increased interest in the offering. The company’s MASAR Destination project, valued at $27 billion, aims to transform Mecca’s infrastructure with over 50,000 hospitality and residential units, aligning with the kingdom’s goal to welcome 30 million foreign worshippers annually by 2030. The PIF’s IPO pipeline reflects its broader strategy to raise capital for Saudi Arabia’s economic transformation. Beyond Umm Al Qura, several other state-backed firms, including a medical procurement company, a port operator, and a district cooling firm, are preparing for listings. Saudi Arabia’s IPO market has been one of the most active globally, drawing strong demand from both domestic and international investors. With the book-building period for Umm Al Qura’s offering closing on February 20, the market will soon see whether this listing continues the trend of high-profile, well-received debuts. As Saudi Arabia reshapes its economy, its public markets are becoming an increasingly central vehicle for unlocking capital and accelerating growth.

Shein’s Struggles to Go Public Continue Shein’s planned London IPO is facing delays as geopolitical tensions and regulatory changes add uncertainty to its listing plans. Initially expected as soon as Easter, the fast-fashion giant’s market debut now appears likely to be postponed to the second half of the year. The primary trigger? The Trump administration’s crackdown on the de minimis trade rule, which has long allowed Shein and other Chinese e-commerce firms to ship small-value goods tariff-free into the U.S. Shein, valued at $66 billion in its last funding round, has built its rapid global expansion on ultra-low prices and direct factory-to-consumer shipping. The U.S. decision to scrap the de minimis rule, combined with an additional 10% tariff on all Chinese goods, threatens to disrupt this model, adding new cost pressures and regulatory hurdles. Despite these challenges, Shein remains committed to going public. It initially targeted a U.S. listing but pivoted to London after encountering resistance from American regulators. Even in the UK, however, hurdles remain; Shein would need a special waiver from the Financial Conduct Authority to proceed with an IPO if it lists less than 10% of its shares. The bigger question is whether Shein’s business model can withstand shifting trade policies. The company has already begun adjusting its supply chain, but tariffs and regulatory scrutiny could impact its ability to sustain its aggressive pricing strategy. London’s capital markets, in need of a high-profile IPO, are watching closely. But in an era where global trade policies are in flux, Shein’s road to a public listing is proving to be anything but straightforward.