The wealth of newly minted billionaires from 2025 IPOs has shrunk significantly, with an average decrease of 23%.

According to TechFlow, on December 30, Bloomberg reported that the warming IPO market in 2025 has created 21 new billionaires, but this wealth has not continued to grow. According to data from the Bloomberg Billionaires Index, these newly minted billionaires saw their shareholdings exceed $1 billion on the first day of their companies' listings, but in the following weeks or months, the value of their holdings dropped by an average of 23%. At the same time, the Asian IPO market is showing a trend of diversification: India's IPO market is active, Vietnam's GSM company plans to go public overseas with a target valuation of $20 billion, while Thailand's IPO market remains sluggish, and the number of small IPOs in Japan has fallen to its lowest point in 12 years.