Finance, Taxes, Insurance
Record IPO Activity Signals Strong Bizjet Outlook
Capital markets activity historically tracks bizjet delivery trends
Exhibit 1 - IPO Activity vs Business Jet Deliveries - IPOs +25% Y-o-Y in 2025 vs Deliveries +14% with 2026 IPOs Slated for Record Proceeds vs Deliveries +2% On Our Est
Jefferies: IPO activity versus business jet deliveries © Source: FactSet, Jefferies

Record global initial public offering (IPO) activity and a fast-growing population of billionaires and ultra-high-net-worth (UHNW) individuals are sustaining demand for business jets, according to a Jefferies equity research report published yesterday.

Equity analyst Sheila Kahyaoglu and associate Ceara Perry noted that 2026 is on track to be a record year for IPOs. Year-to-date IPO proceeds stand at $125.6 billion, nearly three times the full-year 2025 total of $45.3 billion, while IPO count is tracking at 75% of last year’s tally. IPO activity and business jet deliveries have been 70% correlated over the past decade, excluding the 2020 to 2021 outlier period, the firm found.