GFM IPO Opening Remarks
GFM Observation Team
This is not a recovery; this is a rebirth after a strangulation.
In 2025, the bells of the global capital markets will ring once again, but not for everyone. They will only echo for the few survivors. On the tracks of AI, healthcare, new energy, and autonomous driving, thousands of unicorns once raced, but now only the final kilometer remains: the audit knife of the SEC, the $25 million iron gate of Nasdaq, the 6-12 month life-or-death registration with CSRC, the demolition bomb of VIE structures, and the SEC's unblinking task force on cross-border fraud. Each S-1 filing is a last will and testament, also an entry ticket; each roadshow is a trial, also a resurrection. Those who stand on the bell-ringing platform are no longer judged by whose story is more compelling, but by whose data can withstand hellish scrutiny and whose compliance costs can afford the price of blood.
GFM IPO does not celebrate the boom; we only dissect the remains and the legends.
There are no "expected explosive gains" or "next unicorns" here; only cold, raw EDGAR original filings, CSRC registration drafts, Nasdaq rule texts, USCC red line reports, and the most brutal pricing in Forge Global's secondary market. We dissect every line of financial notes, tear off every layer of VIE cover-ups, and expose the fears and lies behind every regulatory supplement letter in the light of day.
Four Heavyweights in This Column, Each a致命一刀:
1. Top 10 Most Watched Companies Set to Go Public Globally
Ten names resurrected from thousands of S-1 filings, the toughest ten blades for 2025-2026.
2. Top 10 IPOs in California 2025-2026
The last wealth creation myths of the San Francisco Bay Area and Southern California; who will emerge from the inferno?
3. 8 Companies Set to Go Public in Silicon Valley: In-Depth Analysis of 2025-2026 IPO Hotspots
Eight S-1 filings, eight trials, eight truths between life and death.
4. Special Report on Chinese Companies Going Public in the U.S. 2025
Four serialized reports, 40 companies, the $25 million iron gate, the lies of LVAD, the frenzied rush of AI and new energy, and the blood and fire on the capital channel between China and the U.S.
In an era where only the strong can ring the bell, GFM's IPO column does not cheer for the weak, nor celebrate the victors.
We only record how history selects the true kings.
The IPO column is now officially open.