NIQ Global Set to Launch $1 Billion-Plus IPO Next Week

NIQ Global Intelligence is set to launch its $1 billion+ IPO as early as next week, valuing the company at around $10 billion. The consumer shopping behavior market research firm was purchased by Advent and former TransUnion CEO Jim Peck in 2021 for $2.7 billion. NIQ had a net loss of $73.7 million on revenue of $966 million in Q1 2023. The offering is being led by JPMorgan Chase, Bank of America, UBS, Barclays, and Royal Bank of Canada.

NIQ Global Intelligence Plc, a consumer shopping behavior market research firm, is set to launch its initial public offering (IPO) as early as next week, with a target raise of over $1 billion. This move will value the company at approximately $10 billion, according to recent filings and reports. The IPO is being led by a consortium of major financial institutions, including JPMorgan Chase, Bank of America, UBS, Barclays, and Royal Bank of Canada.

NIQ was acquired by Advent International and former TransUnion CEO Jim Peck in 2021 for $2.7 billion. The company, previously known as Nielsen's consumer data division, has since rebranded as NIQ. Under Peck's leadership, NIQ has been preparing for its IPO, with a focus on reducing its debt load.

The company's Q1 2023 financial results show a net loss of $73.7 million on revenue of $966 million, indicating a challenging period. However, NIQ's debt profile is significant, with a total debt of $4.3 billion and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $740.7 million last year. The IPO proceeds will be used to reduce this debt, aiming to lower leverage ratios to more acceptable levels for public market investors.

NIQ's IPO is part of a broader trend of private equity-backed companies returning to the US IPO market with high levels of debt. This trend reflects renewed investor confidence in the public markets and a willingness to support growth-oriented companies, despite their debt profiles. Analysts expect muted first-day price movements compared to recent high-profile listings, but the return of leveraged PE-backed IPOs signals a positive shift in the market.

References:
[1] https://www.privateequitywire.co.uk/pe-backed-ipos-return-to-the-us-with-high-leverage/
[2] https://www.bloomberg.com/news/articles/2025-07-11/niq-set-to-launch-1-billion-plus-us-ipo-as-soon-as-next-week
[3] https://www.bloomberg.com/news/articles/2025-07-09/private-equity-backed-us-ipos-return-with-plenty-of-leverage
[4] https://www.marketbeat.com/instant-alerts/filing-gf-fund-management-co-ltd-increases-stock-position-in-jpmorgan-chase-co-nysejpm-2025-07-11/