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IPOs · 2025

2025 IPOs

Public companies that went public in 2025, ranked by market capitalization. 250 companies tracked.

Companies that went public in 2025

  1. 1ULUnilever PLC· Package Goods/Cosmetics$145.87B
  2. 2MDLNMedline Inc.· Medical/Dental Instruments$52.27B
  3. 3VGVenture Global Inc.· Oil/Gas Transmission$28.80B
  4. 4CRWVCoreWeave Inc.· Computer Software: Prepackaged Software$24.08B
  5. 5QQnity Electronics Inc.· Semiconductors$23.02B
  6. 6AMRZAmrize Ltd· Building Materials$22.71B
  7. 7CIBGrupo Cibest S.A.· Commercial Banks$21.98B
  8. 8CRCLCircle Internet Group Inc.· Finance: Consumer Services$17.64B
  9. 9JHXJames Hardie Industries plc.· Building Materials$16.64B
  10. 10EMAEmera Incorporated· Electric Utilities: Central$15.73B
  11. 11JBSJBS N.V.· Meat/Poultry/Fish$13.71B
  12. 12MICCThe Magnum Ice Cream Company N.V.· Specialty Foods$12.31B
  13. 13BMNRBitMine Immersion Technologies Inc.· Finance: Consumer Services$11.46B
  14. 14CHYMChime Financial Inc.· Finance: Consumer Services$11.43B
  15. 15GSATGlobalstar Inc.· Telecommunications Equipment$10.82B
  16. 16SAILSailPoint Inc.· Computer Software: Prepackaged Software$10.50B
  17. 17FIGFigma Inc.· Computer Software: Prepackaged Software$9.83B
  18. 18KLARKlarna Group plc· Finance: Consumer Services$9.55B
  19. 19HNGEHinge Health Inc.· EDP Services$9.36B
  20. 20NTSKNetskope Inc.· Computer Software: Prepackaged Software$8.85B
  21. 21ETSYEtsy Inc.· Business Services$7.89B
  22. 22SFDSmithfield Foods Inc.· Meat/Poultry/Fish$7.72B
  23. 23ANDGAndersen Group Inc.· Business Services$7.55B
  24. 24CAICaris Life Sciences Inc.· Medical Specialities$7.36B
  25. 25RALRalliant Corporation· Industrial Machinery/Components$6.95B
  26. 26NAVNNavan Inc.· Computer Software: Prepackaged Software$6.62B
  27. 27NIQNIQ Global Intelligence plc· Computer Software: Programming Data Processing$5.88B
  28. 28BETABeta Technologies Inc.· Aerospace$5.65B
  29. 29BLLNBillionToOne Inc.· Medical Specialities$5.30B
  30. 30FIGRFigure Technology Solutions Inc.· Finance: Consumer Services$4.69B
  31. 31HTFLHeartflow Inc.· Medical/Dental Instruments$4.52B
  32. 32ALHAlliance Laundry Holdings Inc.· Industrial Machinery/Components$4.49B
  33. 33MRPMillrose Properties Inc.· Real Estate$4.40B
  34. 34OTFBlue Owl Technology Finance Corp.$4.37B
  35. 35ARXAccelerant Holdings· Specialty Insurers$4.32B
  36. 36KRMNKarman Holdings Inc.· Military/Government/Technical$4.25B
  37. 37NPNeptune Insurance Holdings Inc.· Specialty Insurers$3.86B
  38. 38LIONLionsgate Studios Corp· Movies/Entertainment$3.74B
  39. 39MIAXMiami International Holdings Inc.· Investment Bankers/Brokers/Service$3.45B
  40. 40BLSHBullish· Finance: Consumer Services$3.31B
  41. 41SLDESlide Insurance Holdings Inc.· Property-Casualty Insurers$3.10B
  42. 42VIAVia Transportation Inc.· Computer Software: Prepackaged Software$3.08B
  43. 43PTRNPattern Group Inc.· Catalog/Specialty Distribution$3.06B
  44. 44AAUCAllied Gold Corporation$3.04B
  45. 45XXITwenty One Capital Inc.· Finance: Consumer Services$3.00B
  46. 46WBIWaterBridge Infrastructure LLC· Oilfield Services/Equipment$2.96B
  47. 47LGNLegence Corp.· Engineering & Construction$2.75B
  48. 48FLYFirefly Aerospace Inc.· Military/Government/Technical$2.54B
  49. 49STUBStubHub Holdings Inc.· Services-Misc. Amusement & Recreation$2.40B
  50. 50CHAChagee Holdings Limited· Restaurants$2.34B
  51. 51AEROGrupo Aeromexico S.A.B. de C.V.· Air Freight/Delivery Services$2.28B
  52. 52TTAMTitan America SA· Mining & Quarrying of Nonmetallic Minerals (No Fuels)$2.15B
  53. 53MHMcGraw Hill Inc.· Publishing$2.15B
  54. 54SMASmartStop Self Storage REIT Inc.· Real Estate Investment Trusts$2.14B
  55. 55TICTIC Solutions Inc.· Business Services$2.10B
  56. 56ETOReToro Group Ltd.· Investment Bankers/Brokers/Service$1.83B
  57. 57MAZEMaze Therapeutics Inc.· Biotechnology: Biological Products (No Diagnostic Substances)$1.81B
  58. 58FLOCFlowco Holdings Inc.· Oil and Gas Field Machinery$1.72B
  59. 59KMTSKestra Medical Technologies Ltd.· Medical/Dental Instruments$1.70B
  60. 60WLTHWealthfront Corporation· Finance: Consumer Services$1.65B
  61. 61MGRTMega Fortune Company Limited· EDP Services$1.62B
  62. 62XZOExzeo Group Inc.· Computer Software: Prepackaged Software$1.55B
  63. 63AAPGAscentage Pharma Group International· Biotechnology: Pharmaceutical Preparations$1.41B
  64. 64LMRILumexa Imaging Holdings Inc.· Medical Specialities$1.27B
  65. 65VOYGVoyager Technologies Inc.· Military/Government/Technical$1.26B
  66. 66LBRXLB Pharmaceuticals Inc· Biotechnology: Pharmaceutical Preparations$1.23B
  67. 67JCAPJefferson Capital Inc.· Finance Companies$1.20B
  68. 68ASICAtegrity Specialty Insurance Company Holdings· Property-Casualty Insurers$1.18B
  69. 69OMDAOmada Health Inc.· Medical/Nursing Services$1.16B
  70. 70WOLFWolfspeed Inc.· Semiconductors$1.08B
  71. 71BUUUBUUU Group Limited· Services-Misc. Amusement & Recreation$1.05B
  72. 72DECDiversified Energy Company$982.5M
  73. 73FRMIFermi Inc.· Real Estate Investment Trusts$981.1M
  74. 74NMAXNewsmax Inc.· Broadcasting$958.4M
  75. 75AMBQAmbiq Micro Inc.· Semiconductors$851.8M
  76. 76BBNXBeta Bionics Inc.· Medical/Dental Instruments$842.1M
  77. 77AGCCAgencia Comercial Spirits Ltd· Beverages (Production/Distribution)$815.8M
  78. 78PXEDPhoenix Education Partners Inc.· Other Consumer Services$788.9M
  79. 79INRInfinity Natural Resources Inc.· Oil & Gas Production$776.9M
  80. 80ANGXAngel Studios Inc.· Movies/Entertainment$618.2M
  81. 81CDNLCardinal Infrastructure Group Inc.· Military/Government/Technical$610.4M
  82. 82MSIFMSC Income Fund Inc.· Finance/Investors Services$555.5M
  83. 83NPBNorthpointe Bancshares Inc.· Major Banks$549.2M
  84. 84AIIAmerican Integrity Insurance Group Inc.· Property-Casualty Insurers$530.6M
  85. 85BRCBBlack Rock Coffee Bar Inc.· Restaurants$529.3M
  86. 86NNNNAnbio Biotechnology· Biotechnology: In Vitro & In Vivo Diagnostic Substances$516.6M
  87. 87ISOUIsoEnergy Ltd.$514.8M
  88. 88YBYuanbao Inc.· Specialty Insurers$484.8M
  89. 89AVBCAvidia Bancorp Inc.· Banks$451.5M
  90. 90CBKCommercial Bancgroup Inc.· Major Banks$447.2M
  91. 91CMDBCostamare Bulkers Holdings Limited· Marine Transportation$430.2M
  92. 92SIShoulder Innovations Inc.· Medical/Dental Instruments$424.1M
  93. 93FACFactorial Energy Inc.· Industrial Machinery/Components$422.7M
  94. 94CARLCarlsmed Inc.· Medical/Dental Instruments$418.3M
  95. 95MPLTMapLight Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$402.9M
  96. 96HCMAHCM III Acquisition Corp.· Hotels/Resorts$400.5M
  97. 97PHOEPhoenix Asia Holdings Limited· Engineering & Construction$395.0M
  98. 98TACOBerto Acquisition Corp.· Blank Checks$383.0M
  99. 99WYFIWhiteFiber Inc.· Finance: Consumer Services$353.2M
  100. 100MNTNMNTN Inc.· Advertising$351.6M
  101. 101TMSTeamshares Inc.$349.9M
  102. 102COSOCoastalSouth Bancshares Inc.· Major Banks$331.6M
  103. 103CVCapsoVision Inc.· Biotechnology: Electromedical & Electrotherapeutic Apparatus$329.8M
  104. 104GFUZGeneral Fusion Group Ltd.· Electric Utilities: Central$326.6M
  105. 105GEMIGemini Space Station Inc.· Finance: Consumer Services$313.2M
  106. 106ENGSEnergys Group Limited· Engineering & Construction$257.9M
  107. 107GLOOGloo Holdings Inc.· EDP Services$247.1M
  108. 108PUSAPowerus Corporation· Hotels/Resorts$242.4M
  109. 109NSTRNorthStar Earth & Space Enterprises Inc.· Telecommunications Equipment$238.0M
  110. 110SVIASilvia Inc.· Finance: Consumer Services$237.3M
  111. 111EVMNEvommune Inc.· Biotechnology: Pharmaceutical Preparations$231.2M
  112. 112TIITitan Mining Corporation$188.1M
  113. 113ONENONE Nuclear Energy Inc.· Electric Utilities: Central$183.0M
  114. 114BGINBgin Blockchain Limited· Finance: Consumer Services$175.4M
  115. 115OMSEOMS Energy Technologies Inc.· Oil and Gas Field Machinery$168.1M
  116. 116HYNEHoyne Bancorp Inc.· Banks$151.2M
  117. 117AIROAIRO Group Holdings Inc.· Aerospace$150.8M
  118. 118SIONSionna Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$148.3M
  119. 119JLHLJulong Holding Limited· Military/Government/Technical$147.0M
  120. 120EGGEnigmatig Limited· Professional Services$143.1M
  121. 121WSBKWinchester Bancorp Inc.· Banks$126.9M
  122. 122MENSJyong Biotech Ltd.· Biotechnology: Pharmaceutical Preparations$125.4M
  123. 123CTWCTW Cayman· EDP Services$100.7M
  124. 124PARKPark Dental Partners Inc.· Misc Health and Biotechnology Services$95.7M
  125. 125WTFWaton Financial Limited· Investment Bankers/Brokers/Service$94.5M
  126. 126LUDLuda Technology Group Limited· Steel/Iron Ore$86.4M
  127. 127BMHLBluemount Holdings Limited· Finance: Consumer Services$84.5M
  128. 128WSTNWestin Acquisition Corp· EDP Services$82.4M
  129. 129BLUWBlue Water Acquisition Corp. III$75.3M
  130. 130BMGLBasel Medical Group Ltd· Medical/Nursing Services$70.5M
  131. 131ETSElite Express Holding Inc.· Trucking Freight/Courier Services$66.7M
  132. 132BXBLBOXABL Inc.· Homebuilding$66.4M
  133. 133ZYBTZhengye Biotechnology Holding Limited· Biotechnology: Pharmaceutical Preparations$65.4M
  134. 134FATNFatPipe Inc.· Computer Software: Prepackaged Software$64.6M
  135. 135MBMasterBeef Group· Restaurants$62.8M
  136. 136ANTAAntalpha Platform Holding Company· Investment Bankers/Brokers/Service$62.0M
  137. 137SORAAsiaStrategy· Other Specialty Stores$57.9M
  138. 138PCLAPicoCELA Inc.· Building Products$57.7M
  139. 139DGNXDiginex Limited· EDP Services$57.6M
  140. 140MGNMegan Holdings Limited· Farming/Seeds/Milling$57.0M
  141. 141YDDLOne and One Green Technologies. Inc· Industrial Specialties$56.6M
  142. 142PEWGrabAGun Digital Holdings Inc.· Other Specialty Stores$55.2M
  143. 143LFSLEIFRAS Co. Ltd.· Other Consumer Services$50.2M
  144. 144TGENTecogen Inc.· Industrial Machinery/Components$46.2M
  145. 145CIGLConcorde International Group Ltd· Diversified Commercial Services$44.5M
  146. 146FJETStarfighters Space Inc.· Air Freight/Delivery Services$41.3M
  147. 147NPTTexxon Holding Limited· Specialty Chemicals$38.8M
  148. 148SMJFSMJ International Holdings Inc.· RETAIL: Building Materials$37.7M
  149. 149CANGCango Inc.· Finance: Consumer Services$37.3M
  150. 150EDHLEverbright Digital Holding Limited· Advertising$36.2M
  151. 151ACCLAcco Group Holdings Limited· Professional Services$35.3M
  152. 152PNPN Smart Energy Limited· Retail: Computer Software & Peripheral Equipment$35.1M
  153. 153PFAIPinnacle Food Group Limited· Farming/Seeds/Milling$34.9M
  154. 154STAKSTAK Inc.· Oil and Gas Field Machinery$34.4M
  155. 155NXBNextBoat Inc. Common Stcok· Marine Transportation$34.2M
  156. 156NSRXNasus Pharma Ltd.· Biotechnology: Pharmaceutical Preparations$34.1M
  157. 157AHMAAmbitions Enterprise Management Co. L.L.C· Services-Misc. Amusement & Recreation$33.9M
  158. 158MWYNMarwynn Holdings Inc.· Food Distributors$33.4M
  159. 159KMRKK-Tech Solutions Company Limited· Recreational Games/Products/Toys$31.6M
  160. 160ATHRAether Holdings Inc.· Computer Software: Prepackaged Software$29.5M
  161. 161REEDReed's Inc.· Beverages (Production/Distribution)$28.4M
  162. 162BZAIBlaize Holdings Inc.· Semiconductors$28.4M
  163. 163GRANGrande Group Limited· Finance: Consumer Services$28.4M
  164. 164RYOJrYojbaba Co. Ltd.· Professional Services$26.9M
  165. 165NCTIntercont (Cayman) Limited· Restaurants$26.3M
  166. 166FLDFold Holdings Inc.· Finance: Consumer Services$26.3M
  167. 167BLIVBeLive Holdings· EDP Services$26.0M
  168. 168ELWTElauwit Connection Inc.· Telecommunications Equipment$24.6M
  169. 169AARDAardvark Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$24.3M
  170. 170KAZRSkyline Builders Group Holding Limited· Engineering & Construction$22.5M
  171. 171RYETRuanyun Edai Technology Inc.· Computer Software: Prepackaged Software$22.4M
  172. 172PMIPicard Medical Inc.· Medical/Dental Instruments$19.3M
  173. 173PLUTPlutus Financial Group Limited· Investment Bankers/Brokers/Service$18.9M
  174. 174ANPARich Sparkle Holdings Limited· Other Consumer Services$17.5M
  175. 175TGEThe Generation Essentials Group· Newspapers/Magazines$17.1M
  176. 176TLIHTen-League International Holdings Limited· Industrial Specialties$16.8M
  177. 177CCHHCCH Holdings Ltd· Restaurants$16.6M
  178. 178SAGTSAGTEC GLOBAL LIMITED· Computer Software: Prepackaged Software$16.0M
  179. 179LHAILinkhome Holdings Inc.· Real Estate$15.5M
  180. 180FFTTMasonglory Limited· Engineering & Construction$15.3M
  181. 181FOFOHang Feng Technology Innovation Co. Ltd.· Professional Services$14.4M
  182. 182LGPSLogProstyle Inc.· Homebuilding$14.1M
  183. 183CUPRCuprina Holdings (Cayman) Limited· Industrial Specialties$13.5M
  184. 184VNTGVantage Corp· Integrated Freight & Logistics$13.5M
  185. 185RPGLRepublic Power Group Limited· Computer Software: Prepackaged Software$13.3M
  186. 186IOTRiOThree Limited· Telecommunications Equipment$12.0M
  187. 187MCRPMicropolis AI Robotics· Auto Parts:O.E.M.$12.0M
  188. 188TGHLThe GrowHub Limited· EDP Services$11.8M
  189. 189ZTGZenta Group Company Limited· Professional Services$11.6M
  190. 190TMDETMD Energy Limited· Oil Refining/Marketing$11.6M
  191. 191LHSWLianhe Sowell International Group Ltd· Computer Software: Prepackaged Software$11.4M
  192. 192CHOWChowChow Cloud International Holdings Limited· Computer Software: Prepackaged Software$11.3M
  193. 193EPSMEpsium Enterprise Limited· Beverages (Production/Distribution)$10.9M
  194. 194UFGUni-Fuels Holdings Limited· Oil Refining/Marketing$10.2M
  195. 195SLGBSmart Logistics Global Limited· Integrated Freight & Logistics$9.5M
  196. 196CURXCuranex Pharmaceuticals Inc· Biotechnology: Pharmaceutical Preparations$9.1M
  197. 197ELOGEastern International Ltd.· Integrated Freight & Logistics$9.0M
  198. 198BIYABaiya International Group Inc.· Diversified Commercial Services$8.4M
  199. 199RGNTRegentis Biomaterials Ltd.· Industrial Specialties$8.2M
  200. 200MSGYMasonglory Limited· Engineering & Construction$7.6M
  201. 201CYCUCycurion Inc.· EDP Services$7.2M
  202. 202LZMHLZ Technology Holdings Limited· EDP Services$7.2M
  203. 203THHTryHard Holdings Limited· Services-Misc. Amusement & Recreation$6.7M
  204. 204YMTYimutian Inc.· EDP Services$6.4M
  205. 205OFALOFA Group· Military/Government/Technical$6.3M
  206. 206XHLDTEN Holdings Inc.· Business Services$5.9M
  207. 207WXMWF International Limited· Engineering & Construction$5.8M
  208. 208HODOHouse of Doge Inc.· Finance: Consumer Services$5.8M
  209. 209TDICDreamland Limited· Other Consumer Services$5.7M
  210. 210YMATJ-Star Holding Co. Ltd.· Recreational Games/Products/Toys$4.9M
  211. 211CRECre8 Enterprise Limited· Publishing$4.9M
  212. 212DLXYDelixy Holdings Limited· Oil Refining/Marketing$4.6M
  213. 213KNRXKNOREX LTD.· Computer Software: Programming Data Processing$4.3M
  214. 214APUSApimeds Pharmaceuticals US Inc.· Biotechnology: Pharmaceutical Preparations$4.2M
  215. 215RCTRedCloud Holdings plc· Computer Software: Programming Data Processing$3.9M
  216. 216POMPOMDOCTOR LIMITED· Other Specialty Stores$3.9M
  217. 217BQBoqii Holding Limited· Other Specialty Stores$3.6M
  218. 218AGRZAgroz Inc.· Farming/Seeds/Milling$3.5M
  219. 219HKPDCellyan Biotechnology Co. Ltd· Other Pharmaceuticals$3.4M
  220. 220ADVBAdvanced Biomed Inc.· Medical Specialities$3.1M
  221. 221CJMBCallan JMB Inc.· Business Services$3.1M
  222. 222TOPPToppoint Holdings Inc.· Trucking Freight/Courier Services$3.1M
  223. 223FBGLFBS Global Limited· Homebuilding$2.9M
  224. 224WFFWF Holding Limited· Miscellaneous manufacturing industries$2.9M
  225. 225MASK3 E Network Technology Group Ltd· EDP Services$2.5M
  226. 226DXSTDecent Holding Inc· Miscellaneous$2.2M
  227. 227HXHXHaoxin Holdings Limited· Trucking Freight/Courier Services$2.1M
  228. 228JEM707 Cayman Holdings Limited· Clothing/Shoe/Accessory Stores$1.6M
  229. 229HCAIHuachen AI Parking Management Technology Holding Co. Ltd.· Miscellaneous manufacturing industries$1.6M
  230. 230POASPhaos Technology Holdings (Cayman) Limited· Industrial Machinery/Components$1.5M
  231. 231FMFCKandal M Venture Limited· Apparel$1.5M
  232. 232WETOWetour Robotics Limited· Other Transportation$904,208
  233. 233FCHLFitness Champs Holdings Limited· Services-Misc. Amusement & Recreation$881,192
  234. 234INLFINLIF LIMITED· Industrial Machinery/Components$850,758
  235. 235DBGIDigital Brands Group Inc.· Clothing/Shoe/Accessory Stores$437,217
  236. 236DKIDarkIris Inc.· Computer Software: Prepackaged Software$99,485
  237. 237SVACSpring Valley Acquisition Corp. III· Blank Checks-
  238. 238AHLAspen Insurance Holdings Limited· Property-Casualty Insurers-
  239. 239IPODDune Acquisition Corporation II· Blank Checks-
  240. 240RANGRange Capital Acquisition Corp.· Blank Checks-
  241. 241NOEMCO2 Energy Transition Corp.-
  242. 242RIBBRibbon Acquisition Corp-
  243. 243AIFEAifeex Nexus Acquisition Corporation-
  244. 244WTGWintergreen Acquisition Corp.· Blank Checks-
  245. 245KCHVKochav Defense Acquisition Corp.-
  246. 246MJIDMajestic Ideal Holdings Ltd· Apparel-
  247. 247GTERAGloba Terra Acquisition Corporation· Blank Checks-
  248. 248YORKYorkville Acquisition Corp.· Electric Utilities: Central-
  249. 249INACIndigo Acquisition Corp.-
  250. 250BRRProCap Financial Inc.· Finance: Consumer Services-