--- title: "December 2025 IPO Market Outlook: A Loaded Year-End Calendar Sets Up a Massive 2026 Pipeline" description: "December 2025 IPO Market Outlook: A Loaded Year-End Calendar Sets Up a Massive 2026" image: https://blog.ipoprophet.com/hubfs/IPO_PROPHET%20Favicon-1.png --- [Skip to content](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/december-2025-ipo-market-outlook-a-loaded-year-end-calendar-sets-up-a-massive-2026-pipeline#main-content) [![IPO_PROPHET_BLUE logo](https://blog.ipoprophet.com/hs-fs/hubfs/IPO_PROPHET_BLUE%20logo.png?width=2973&height=302&name=IPO_PROPHET_BLUE%20logo.png)](https://www.IPOProphet.com) - [Login](https://app.ipoprophet.com/login) Open main navigation Close main navigation - [Login](https://app.ipoprophet.com/login) [Subscribe to our Newsletter](https://share.hsforms.com/1xXldKrGiQBCbNmtOz6j4Jwq3cu4) [Go Back to Home](http://www.ipoprophet.com/) [Go Back to Blog](http://www.ipoprophet.com/blog) Dec 1, 2025 11:08:57 PM # December 2025 IPO Market Outlook: A Loaded Year-End Calendar Sets Up a Massive 2026 Pipeline ![Picture of Dave Berlin](https://app.hubspot.com/settings/avatar/60b333eeebb6bc7e4e9cc93574a77556) [Dave Berlin](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/author/dave-berlin) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/december-2025-ipo-market-outlook-a-loaded-year-end-calendar-sets-up-a-massive-2026-pipeline) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/december-2025-ipo-market-outlook-a-loaded-year-end-calendar-sets-up-a-massive-2026-pipeline) [Twitter icon](https://twitter.com/intent/tweet?url=https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/december-2025-ipo-market-outlook-a-loaded-year-end-calendar-sets-up-a-massive-2026-pipeline) [pinterest-p icon](http://pinterest.com/pin/create/link/?url=https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/december-2025-ipo-market-outlook-a-loaded-year-end-calendar-sets-up-a-massive-2026-pipeline) [envelope icon](mailto:?body=https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/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. # **The Remaining December 2025 IPOs (Post-Thanksgiving)** These are the deals that are **actually still pending**, representing the true December window. Everything below is *yet-to-price* as of the first week of December. ## 1. Medline — The Year’s Largest Healthcare IPO ![Medline Logo](https://blog.ipoprophet.com/hs-fs/hubfs/Medline%20Logo.jpg?width=200&height=200&name=Medline%20Logo.jpg) **Sector:** Global healthcare supplies & distribution **Expected pricing:** Mid-December 2025 Medline is the heavyweight of the December calendar. As one of the largest privately held healthcare suppliers in the world, its IPO is attracting massive long-only demand and broad institutional attention. **Why Medline matters:** - Defensive, predictable revenue base - Global infrastructure story - One of the rare mega-cap healthcare listings this decade - Anchors December deal momentum Medline alone could define Q4 issuance. ## 2. Andersen Consulting — A Major Global Corporate Spin-Off ![Andersen Group Logo](https://blog.ipoprophet.com/hs-fs/hubfs/Andersen%20Group%20Logo.jpg?width=300&height=93&name=Andersen%20Group%20Logo.jpg) **Sector:** Professional services / consulting **Expected pricing:** Late December After years of internal restructuring and anticipation, Andersen is finally going public. The company chose a December slot to avoid a crowded Q1 2026. **Investor appeal:** - High client stickiness - Strong margin profile - Deep corporate penetration - A globally recognized brand This could set the tone for the 2026 corporate carve-out wave. ## 3. Lumexa Imaging — AI-Enhanced Diagnostic Technology ![Lumexa Holdings Logo](https://blog.ipoprophet.com/hs-fs/hubfs/Lumexa%20Holdings%20Logo.jpg?width=331&height=152&name=Lumexa%20Holdings%20Logo.jpg) **Sector:** Med-tech / imaging **Expected pricing:** Mid-to-late December Lumexa is one of the most anticipated medical-technology IPOs in the pipeline, with AI-powered imaging systems designed for hospital networks and outpatient diagnostic centers. **Key reasons institutions are watching:** - High-precision imaging technology - AI-driven diagnostic capabilities - Large commercial TAM - Early revenue traction Expect cross-sector interest from both healthcare and tech investors. ## 4. Grayscale — The Most Watched Crypto/ETF Infrastructure IPO ![GRAY_logo](https://blog.ipoprophet.com/hs-fs/hubfs/GRAY_logo.jpg?width=300&height=38&name=GRAY_logo.jpg) **Sector:** Crypto ETF infrastructure / digital asset management **Expected pricing:** Late December Grayscale is easily the most retail-visible IPO still on the calendar. With crypto volumes surging through 2025, this deal carries both brand name recognition and significant institutional ETF flow relevance. **Why this IPO is important:** - Major step in mainstreaming crypto asset management - High brand awareness - Clear profitability narrative - Potentially large Day-1 trading range Expect significant market attention. ## 5. Klook — Global Travel & Experiences Platform ![Klook Technology Logo](https://blog.ipoprophet.com/hs-fs/hubfs/Klook%20Technology%20Logo.png?width=174&height=44&name=Klook%20Technology%20Logo.png) **Sector:** Travel / consumer platform **Expected pricing:** Late December Klook represents the global consumer-tech side of the December calendar. With travel demand normalizing and experiences-based commerce expanding, Klook enters with strong mobile penetration and geographic reach. **Why investors are leaning in:** - Broad global brand footprint - Improving margin profile - High repeat customer behavior - Strong crossover and sovereign interest Klook brings a “late-cycle consumer platform” flavor to the window. ## 6. Possible Late-December “Quiet Filers” Based on SEC movement, we are tracking **2–4 additional candidates** that may slide into the final pricing window: - A mid-market fintech/payments processor - A specialty supply-chain SaaS platform - A niche robotics/automation company - A logistics-tech services firm If volatility stays low, banks may push to fit them in.   # **Why December 2025 is Unusually Strong** ### 1. Volatility Has Dropped Into a Supportive Range A calmer macro backdrop has allowed banks to keep roadshows running into late December. ### 2. Issuers Want to Avoid a Crowded January Q1 2026 already looks packed. Several firms prefer the thinner—but more controlled—December tape. ### 3. 2025 IPO Returns Have Been Solid Strong performance brings capital back into deals. Investors are making money again, and demand is steady. ### 4. This Is a Backlog Release Year Companies delayed between 2021 and 2024 are finally moving.   # **The 2026 IPO Pipeline: One of the Strongest in a Decade** IPO Prophet® is tracking the most robust early-year pipeline since 2013–2014. ### **2026 Pipeline Snapshot** - **40+ late-stage tech companies** ready to file - **30+ biotech names** with pivotal readouts in H1 - **15–20 fintech/payments** platforms - **Large global consumer brands** returning to growth - **AI infrastructure, data orchestration, and robotics** mega-cap candidates Tech, biotech, fintech, consumer, and crypto will all be active at the same time—a rare alignment. # **What This Means for IPO Traders** The December lineup—Medline, Andersen, Lumexa, Grayscale, Klook—creates: - High Day-1 volatility - Wide trading ranges - Strong institution-driven order books - Clear signal-based opportunities - A powerful setup for Q1 momentum And once January hits, issuance could accelerate dramatically. # **Final Word: December Sets Up a 2026 Super-Cycle** This is not a typical year-end calendar. December 2025 is packed with **large, high-quality deals**, and the 2026 backlog is even bigger. IPO Prophet® will continue providing: - Real-time subscription and demand signals - Roadshow momentum analysis - IPO Prophet Rating® updates - Intraday and Day-1 modeling - Aftermarket tracking December is strong. 2026 looks transformational. [IPOs](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/tag/ipos), [Medline](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/tag/medline), [Grayscale](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/tag/grayscale) ## Related posts [IPO Prophet's Perspective](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/tag/ipo-prophets-perspective), [CoreWeave Inc](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/tag/coreweave-inc), [Stubhub](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/tag/stubhub) ## [The IPO Prophet's Perspective - The Week of March 24th, 2025](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/the-ipo-prophets-perspective-the-week-of-march-24th-2025) ![Picture of Scott Shelton](https://app.hubspot.com/settings/avatar/9f39d5740e08012b666d53c25ba6bbc8) [Scott Shelton](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/author/scott-shelton) Mar 24, 2025 5:10:18 PM Even before their pricings, the filings from CoreWeave and StubHub have already brought a sense of... [Read more](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/the-ipo-prophets-perspective-the-week-of-march-24th-2025) [![](https://blog.ipoprophet.com/hs-fs/hubfs/Tales.png?height=200&name=Tales.png)](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/ipo-prophet-2025-ipo-market-review-2026-outlook) ## [IPO Prophet 2025 IPO Market Review & 2026 Outlook](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/ipo-prophet-2025-ipo-market-review-2026-outlook) ![Picture of Scott Shelton](https://app.hubspot.com/settings/avatar/9f39d5740e08012b666d53c25ba6bbc8) [Scott Shelton](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/author/scott-shelton) Jan 28, 2026 4:45:59 PM Introduction In early 2026, we hosted our first IPO Prophet webcast — a moment that, candidly, felt... [Read more](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/ipo-prophet-2025-ipo-market-review-2026-outlook) [Venture Global](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/tag/venture-global), [Sailpoint Technologies](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/tag/sailpoint-technologies), [IPO Prophet's Perspective](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/tag/ipo-prophets-perspective), [CoreWeave Inc](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/tag/coreweave-inc) ## [The IPO Prophet's Perspective - The Week of March 31st, 2025](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/the-ipo-prophets-perspective-the-week-of-march-31st-2025) ![Picture of Scott Shelton](https://app.hubspot.com/settings/avatar/9f39d5740e08012b666d53c25ba6bbc8) [Scott Shelton](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/author/scott-shelton) Mar 31, 2025 11:01:19 AM What 2025's Largest IPOs Are Missing So far this year, we’ve seen three really large IPOs hit the... [Read more](https://blog.ipoprophet.com/aslgkuh89gyaep98byanp9t8yaqtp98hyq358yna8pq48y/the-ipo-prophets-perspective-the-week-of-march-31st-2025) [linkedin-in icon](https://www.linkedin.com/company/ipo-prophet-software/) [X Twitter icon](https://www.x.com/ipoprophet) --- [![IPO_PROPHET_WHITE-2](https://blog.ipoprophet.com/hs-fs/hubfs/IPO_PROPHET_WHITE-2.png?width=800&height=250&name=IPO_PROPHET_WHITE-2.png "IPO_PROPHET_WHITE-2")](http://www.ipoprophet.com) NONE OF THE CONTENT PUBLISHED ON THE WEBSITE OR MOBILE APP CONSTITUTES A RECOMMENDATION, SOLICITATION, ENDORSEMENT, OR OFFER BY IPO PROPHET™ OR ITS AFFILIATES TO BUY OR SELL ANY SECURITIES, FUTURES, OPTIONS, OR OTHER FINANCIAL INSTRUMENTS, OR PROVIDE ANY INVESTMENT ADVICE OR SERVICE. 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