By contrast, since Robinhood went public back in 2021 using the traditional IPO process, the shares have surged by 192% -- handily topping the 48% return from the S&P 500.

Using newly obtained Freedom of Information Act data on confidential IPO filings, Platt estimates that approximately 40% of companies that begin the IPO process never complete it.

On June 12, it shared that for the first half of 2025, A-share deals and proceeds increased 14 per cent year-on-year, with large IPOs propelling Hong Kong to world-leading IPO proceeds of US$14 ...