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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$142.19B
  2. 2MDLNMedline Inc.· Medical/Dental Instruments$52.13B
  3. 3VGVenture Global Inc.· Oil/Gas Transmission$28.81B
  4. 4CRWVCoreWeave Inc.· Computer Software: Prepackaged Software$25.59B
  5. 5QQnity Electronics Inc.· Semiconductors$24.46B
  6. 6AMRZAmrize Ltd· Building Materials$22.29B
  7. 7CIBGrupo Cibest S.A.· Commercial Banks$22.01B
  8. 8CRCLCircle Internet Group Inc.· Finance: Consumer Services$17.41B
  9. 9JHXJames Hardie Industries plc.· Building Materials$16.16B
  10. 10EMAEmera Incorporated· Electric Utilities: Central$15.57B
  11. 11JBSJBS N.V.· Meat/Poultry/Fish$13.37B
  12. 12MICCThe Magnum Ice Cream Company N.V.· Specialty Foods$11.91B
  13. 13CHYMChime Financial Inc.· Finance: Consumer Services$11.86B
  14. 14BMNRBitMine Immersion Technologies Inc.· Finance: Consumer Services$11.31B
  15. 15SAILSailPoint Inc.· Computer Software: Prepackaged Software$10.97B
  16. 16GSATGlobalstar Inc.· Telecommunications Equipment$10.92B
  17. 17FIGFigma Inc.· Computer Software: Prepackaged Software$10.07B
  18. 18KLARKlarna Group plc· Finance: Consumer Services$9.59B
  19. 19HNGEHinge Health Inc.· EDP Services$9.34B
  20. 20NTSKNetskope Inc.· Computer Software: Prepackaged Software$8.70B
  21. 21ETSYEtsy Inc.· Business Services$7.75B
  22. 22SFDSmithfield Foods Inc.· Meat/Poultry/Fish$7.60B
  23. 23RALRalliant Corporation· Industrial Machinery/Components$7.50B
  24. 24ANDGAndersen Group Inc.· Business Services$7.41B
  25. 25CAICaris Life Sciences Inc.· Medical Specialities$7.24B
  26. 26NAVNNavan Inc.· Computer Software: Prepackaged Software$6.64B
  27. 27BETABeta Technologies Inc.· Aerospace$6.37B
  28. 28KRMNKarman Holdings Inc.· Military/Government/Technical$6.04B
  29. 29NIQNIQ Global Intelligence plc· Computer Software: Programming Data Processing$6.02B
  30. 30BLLNBillionToOne Inc.· Medical Specialities$5.44B
  31. 31FIGRFigure Technology Solutions Inc.· Finance: Consumer Services$5.10B
  32. 32HTFLHeartflow Inc.· Medical/Dental Instruments$4.56B
  33. 33ALHAlliance Laundry Holdings Inc.· Industrial Machinery/Components$4.49B
  34. 34ARXAccelerant Holdings· Specialty Insurers$4.32B
  35. 35OTFBlue Owl Technology Finance Corp.$4.30B
  36. 36MRPMillrose Properties Inc.· Real Estate$4.30B
  37. 37LIONLionsgate Studios Corp· Movies/Entertainment$4.24B
  38. 38NPNeptune Insurance Holdings Inc.· Specialty Insurers$3.86B
  39. 39FLYFirefly Aerospace Inc.· Military/Government/Technical$3.47B
  40. 40MIAXMiami International Holdings Inc.· Investment Bankers/Brokers/Service$3.45B
  41. 41BLSHBullish· Finance: Consumer Services$3.40B
  42. 42AAUCAllied Gold Corporation$3.25B
  43. 43PTRNPattern Group Inc.· Catalog/Specialty Distribution$3.24B
  44. 44XXITwenty One Capital Inc.· Finance: Consumer Services$3.08B
  45. 45VIAVia Transportation Inc.· Computer Software: Prepackaged Software$3.07B
  46. 46WBIWaterBridge Infrastructure LLC· Oilfield Services/Equipment$3.07B
  47. 47SLDESlide Insurance Holdings Inc.· Property-Casualty Insurers$3.04B
  48. 48LGNLegence Corp.· Engineering & Construction$3.02B
  49. 49AEROGrupo Aeromexico S.A.B. de C.V.· Air Freight/Delivery Services$2.40B
  50. 50CHAChagee Holdings Limited· Restaurants$2.37B
  51. 51STUBStubHub Holdings Inc.· Services-Misc. Amusement & Recreation$2.35B
  52. 52TICTIC Solutions Inc.· Business Services$2.26B
  53. 53SMASmartStop Self Storage REIT Inc.· Real Estate Investment Trusts$2.15B
  54. 54MHMcGraw Hill Inc.· Publishing$2.08B
  55. 55TTAMTitan America SA· Mining & Quarrying of Nonmetallic Minerals (No Fuels)$2.08B
  56. 56MAZEMaze Therapeutics Inc.· Biotechnology: Biological Products (No Diagnostic Substances)$1.90B
  57. 57ETOReToro Group Ltd.· Investment Bankers/Brokers/Service$1.85B
  58. 58FLOCFlowco Holdings Inc.· Oil and Gas Field Machinery$1.81B
  59. 59KMTSKestra Medical Technologies Ltd.· Medical/Dental Instruments$1.72B
  60. 60WLTHWealthfront Corporation· Finance: Consumer Services$1.66B
  61. 61MGRTMega Fortune Company Limited· EDP Services$1.65B
  62. 62VOYGVoyager Technologies Inc.· Military/Government/Technical$1.49B
  63. 63XZOExzeo Group Inc.· Computer Software: Prepackaged Software$1.47B
  64. 64AAPGAscentage Pharma Group International· Biotechnology: Pharmaceutical Preparations$1.44B
  65. 65LBRXLB Pharmaceuticals Inc· Biotechnology: Pharmaceutical Preparations$1.36B
  66. 66LMRILumexa Imaging Holdings Inc.· Medical Specialities$1.29B
  67. 67WOLFWolfspeed Inc.· Semiconductors$1.26B
  68. 68ASICAtegrity Specialty Insurance Company Holdings· Property-Casualty Insurers$1.15B
  69. 69JCAPJefferson Capital Inc.· Finance Companies$1.14B
  70. 70BUUUBUUU Group Limited· Services-Misc. Amusement & Recreation$1.05B
  71. 71FRMIFermi Inc.· Real Estate Investment Trusts$1.00B
  72. 72NMAXNewsmax Inc.· Broadcasting$948.0M
  73. 73AMBQAmbiq Micro Inc.· Semiconductors$932.4M
  74. 74OMDAOmada Health Inc.· Medical/Nursing Services$923.8M
  75. 75DECDiversified Energy Company$898.1M
  76. 76BBNXBeta Bionics Inc.· Medical/Dental Instruments$853.6M
  77. 77INRInfinity Natural Resources Inc.· Oil & Gas Production$811.2M
  78. 78AGCCAgencia Comercial Spirits Ltd· Beverages (Production/Distribution)$803.7M
  79. 79PXEDPhoenix Education Partners Inc.· Other Consumer Services$718.3M
  80. 80CDNLCardinal Infrastructure Group Inc.· Military/Government/Technical$705.6M
  81. 81ANGXAngel Studios Inc.· Movies/Entertainment$632.2M
  82. 82MSIFMSC Income Fund Inc.· Finance/Investors Services$568.2M
  83. 83NNNNAnbio Biotechnology· Biotechnology: In Vitro & In Vivo Diagnostic Substances$559.7M
  84. 84NPBNorthpointe Bancshares Inc.· Major Banks$545.0M
  85. 85ISOUIsoEnergy Ltd.$544.4M
  86. 86BRCBBlack Rock Coffee Bar Inc.· Restaurants$537.8M
  87. 87AIIAmerican Integrity Insurance Group Inc.· Property-Casualty Insurers$528.1M
  88. 88YBYuanbao Inc.· Specialty Insurers$474.6M
  89. 89FACFactorial Energy Inc.· Industrial Machinery/Components$454.8M
  90. 90MPLTMapLight Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$448.9M
  91. 91AVBCAvidia Bancorp Inc.· Banks$447.7M
  92. 92CBKCommercial Bancgroup Inc.· Major Banks$447.5M
  93. 93CMDBCostamare Bulkers Holdings Limited· Marine Transportation$446.9M
  94. 94SIShoulder Innovations Inc.· Medical/Dental Instruments$427.6M
  95. 95WYFIWhiteFiber Inc.· Finance: Consumer Services$402.1M
  96. 96HCMAHCM III Acquisition Corp.· Hotels/Resorts$400.5M
  97. 97MNTNMNTN Inc.· Advertising$398.7M
  98. 98CARLCarlsmed Inc.· Medical/Dental Instruments$396.4M
  99. 99PHOEPhoenix Asia Holdings Limited· Engineering & Construction$395.1M
  100. 100TACOBerto Acquisition Corp.· Blank Checks$382.6M
  101. 101TMSTeamshares Inc.$350.3M
  102. 102GFUZGeneral Fusion Group Ltd.· Electric Utilities: Central$337.4M
  103. 103CVCapsoVision Inc.· Biotechnology: Electromedical & Electrotherapeutic Apparatus$335.9M
  104. 104COSOCoastalSouth Bancshares Inc.· Major Banks$330.3M
  105. 105GEMIGemini Space Station Inc.· Finance: Consumer Services$323.0M
  106. 106EVMNEvommune Inc.· Biotechnology: Pharmaceutical Preparations$274.4M
  107. 107PUSAPowerus Corporation· Hotels/Resorts$257.4M
  108. 108ENGSEnergys Group Limited· Engineering & Construction$257.3M
  109. 109GLOOGloo Holdings Inc.· EDP Services$249.0M
  110. 110SVIASilvia Inc.· Finance: Consumer Services$243.8M
  111. 111NSTRNorthStar Earth & Space Enterprises Inc.· Telecommunications Equipment$233.5M
  112. 112TIITitan Mining Corporation$191.0M
  113. 113BGINBgin Blockchain Limited· Finance: Consumer Services$186.7M
  114. 114ONENONE Nuclear Energy Inc.· Electric Utilities: Central$168.9M
  115. 115OMSEOMS Energy Technologies Inc.· Oil and Gas Field Machinery$164.7M
  116. 116AIROAIRO Group Holdings Inc.· Aerospace$164.2M
  117. 117SIONSionna Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$148.3M
  118. 118HYNEHoyne Bancorp Inc.· Banks$147.2M
  119. 119EGGEnigmatig Limited· Professional Services$143.0M
  120. 120JLHLJulong Holding Limited· Military/Government/Technical$137.0M
  121. 121MENSJyong Biotech Ltd.· Biotechnology: Pharmaceutical Preparations$136.8M
  122. 122WSBKWinchester Bancorp Inc.· Banks$126.5M
  123. 123CTWCTW Cayman· EDP Services$99.4M
  124. 124WTFWaton Financial Limited· Investment Bankers/Brokers/Service$95.5M
  125. 125PARKPark Dental Partners Inc.· Misc Health and Biotechnology Services$94.6M
  126. 126LUDLuda Technology Group Limited· Steel/Iron Ore$86.7M
  127. 127BMHLBluemount Holdings Limited· Finance: Consumer Services$84.4M
  128. 128WSTNWestin Acquisition Corp· EDP Services$82.4M
  129. 129BLUWBlue Water Acquisition Corp. III$75.4M
  130. 130BMGLBasel Medical Group Ltd· Medical/Nursing Services$71.8M
  131. 131ZYBTZhengye Biotechnology Holding Limited· Biotechnology: Pharmaceutical Preparations$71.1M
  132. 132BXBLBOXABL Inc.· Homebuilding$66.8M
  133. 133POMPOMDOCTOR LIMITED· Other Specialty Stores$64.9M
  134. 134MBMasterBeef Group· Restaurants$63.1M
  135. 135STAKSTAK Inc.· Oil and Gas Field Machinery$62.6M
  136. 136FATNFatPipe Inc.· Computer Software: Prepackaged Software$61.9M
  137. 137MGNMegan Holdings Limited· Farming/Seeds/Milling$61.0M
  138. 138ANTAAntalpha Platform Holding Company· Investment Bankers/Brokers/Service$60.7M
  139. 139SORAAsiaStrategy· Other Specialty Stores$59.5M
  140. 140ETSElite Express Holding Inc.· Trucking Freight/Courier Services$59.2M
  141. 141DGNXDiginex Limited· EDP Services$59.2M
  142. 142PCLAPicoCELA Inc.· Building Products$58.6M
  143. 143YDDLOne and One Green Technologies. Inc· Industrial Specialties$57.7M
  144. 144PEWGrabAGun Digital Holdings Inc.· Other Specialty Stores$55.5M
  145. 145TGENTecogen Inc.· Industrial Machinery/Components$51.9M
  146. 146LFSLEIFRAS Co. Ltd.· Other Consumer Services$49.8M
  147. 147FJETStarfighters Space Inc.· Air Freight/Delivery Services$45.1M
  148. 148CIGLConcorde International Group Ltd· Diversified Commercial Services$44.5M
  149. 149NPTTexxon Holding Limited· Specialty Chemicals$41.5M
  150. 150CANGCango Inc.· Finance: Consumer Services$40.6M
  151. 151SMJFSMJ International Holdings Inc.· RETAIL: Building Materials$38.8M
  152. 152EDHLEverbright Digital Holding Limited· Advertising$36.3M
  153. 153NXBNextBoat Inc. Common Stcok· Marine Transportation$35.2M
  154. 154PNPN Smart Energy Limited· Retail: Computer Software & Peripheral Equipment$35.0M
  155. 155ACCLAcco Group Holdings Limited· Professional Services$34.8M
  156. 156MWYNMarwynn Holdings Inc.· Food Distributors$34.3M
  157. 157AHMAAmbitions Enterprise Management Co. L.L.C· Services-Misc. Amusement & Recreation$33.3M
  158. 158NSRXNasus Pharma Ltd.· Biotechnology: Pharmaceutical Preparations$33.0M
  159. 159PFAIPinnacle Food Group Limited· Farming/Seeds/Milling$32.9M
  160. 160KMRKK-Tech Solutions Company Limited· Recreational Games/Products/Toys$32.7M
  161. 161REEDReed's Inc.· Beverages (Production/Distribution)$29.6M
  162. 162ATHRAether Holdings Inc.· Computer Software: Prepackaged Software$28.9M
  163. 163BZAIBlaize Holdings Inc.· Semiconductors$28.3M
  164. 164GRANGrande Group Limited· Finance: Consumer Services$26.9M
  165. 165RYOJrYojbaba Co. Ltd.· Professional Services$26.8M
  166. 166AARDAardvark Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$25.6M
  167. 167BLIVBeLive Holdings· EDP Services$24.4M
  168. 168FLDFold Holdings Inc.· Finance: Consumer Services$24.4M
  169. 169ELWTElauwit Connection Inc.· Telecommunications Equipment$23.2M
  170. 170KAZRSkyline Builders Group Holding Limited· Engineering & Construction$23.1M
  171. 171PMIPicard Medical Inc.· Medical/Dental Instruments$22.1M
  172. 172RYETRuanyun Edai Technology Inc.· Computer Software: Prepackaged Software$19.4M
  173. 173SAGTSAGTEC GLOBAL LIMITED· Computer Software: Prepackaged Software$19.3M
  174. 174NCTIntercont (Cayman) Limited· Restaurants$18.8M
  175. 175ANPARich Sparkle Holdings Limited· Other Consumer Services$18.0M
  176. 176TGEThe Generation Essentials Group· Newspapers/Magazines$17.6M
  177. 177PLUTPlutus Financial Group Limited· Investment Bankers/Brokers/Service$16.9M
  178. 178TLIHTen-League International Holdings Limited· Industrial Specialties$16.8M
  179. 179CCHHCCH Holdings Ltd· Restaurants$15.2M
  180. 180LHAILinkhome Holdings Inc.· Real Estate$15.0M
  181. 181LGPSLogProstyle Inc.· Homebuilding$14.6M
  182. 182FFTTMasonglory Limited· Engineering & Construction$14.5M
  183. 183FOFOHang Feng Technology Innovation Co. Ltd.· Professional Services$14.2M
  184. 184VNTGVantage Corp· Integrated Freight & Logistics$13.9M
  185. 185CUPRCuprina Holdings (Cayman) Limited· Industrial Specialties$13.8M
  186. 186MCRPMicropolis AI Robotics· Auto Parts:O.E.M.$12.7M
  187. 187CHOWChowChow Cloud International Holdings Limited· Computer Software: Prepackaged Software$12.1M
  188. 188IOTRiOThree Limited· Telecommunications Equipment$12.0M
  189. 189ZTGZenta Group Company Limited· Professional Services$11.5M
  190. 190RPGLRepublic Power Group Limited· Computer Software: Prepackaged Software$11.4M
  191. 191TMDETMD Energy Limited· Oil Refining/Marketing$11.2M
  192. 192EPSMEpsium Enterprise Limited· Beverages (Production/Distribution)$11.0M
  193. 193TGHLThe GrowHub Limited· EDP Services$10.9M
  194. 194LHSWLianhe Sowell International Group Ltd· Computer Software: Prepackaged Software$10.3M
  195. 195UFGUni-Fuels Holdings Limited· Oil Refining/Marketing$9.9M
  196. 196CURXCuranex Pharmaceuticals Inc· Biotechnology: Pharmaceutical Preparations$9.7M
  197. 197SLGBSmart Logistics Global Limited· Integrated Freight & Logistics$9.1M
  198. 198BIYABaiya International Group Inc.· Diversified Commercial Services$8.5M
  199. 199RGNTRegentis Biomaterials Ltd.· Industrial Specialties$8.4M
  200. 200ELOGEastern International Ltd.· Integrated Freight & Logistics$7.9M
  201. 201CYCUCycurion Inc.· EDP Services$7.7M
  202. 202MSGYMasonglory Limited· Engineering & Construction$7.6M
  203. 203LZMHLZ Technology Holdings Limited· EDP Services$7.5M
  204. 204XHLDTEN Holdings Inc.· Business Services$7.0M
  205. 205YMTYimutian Inc.· EDP Services$6.8M
  206. 206THHTryHard Holdings Limited· Services-Misc. Amusement & Recreation$6.6M
  207. 207WXMWF International Limited· Engineering & Construction$6.5M
  208. 208OFALOFA Group· Military/Government/Technical$6.0M
  209. 209HODOHouse of Doge Inc.· Finance: Consumer Services$5.8M
  210. 210TDICDreamland Limited· Other Consumer Services$5.8M
  211. 211CRECre8 Enterprise Limited· Publishing$5.0M
  212. 212YMATJ-Star Holding Co. Ltd.· Recreational Games/Products/Toys$4.7M
  213. 213RCTRedCloud Holdings plc· Computer Software: Programming Data Processing$4.6M
  214. 214DLXYDelixy Holdings Limited· Oil Refining/Marketing$4.6M
  215. 215KNRXKNOREX LTD.· Computer Software: Programming Data Processing$4.4M
  216. 216APUSApimeds Pharmaceuticals US Inc.· Biotechnology: Pharmaceutical Preparations$4.2M
  217. 217AGRZAgroz Inc.· Farming/Seeds/Milling$3.6M
  218. 218HKPDCellyan Biotechnology Co. Ltd· Other Pharmaceuticals$3.6M
  219. 219BQBoqii Holding Limited· Other Specialty Stores$3.3M
  220. 220ADVBAdvanced Biomed Inc.· Medical Specialities$3.3M
  221. 221CJMBCallan JMB Inc.· Business Services$2.9M
  222. 222WFFWF Holding Limited· Miscellaneous manufacturing industries$2.9M
  223. 223FBGLFBS Global Limited· Homebuilding$2.9M
  224. 224TOPPToppoint Holdings Inc.· Trucking Freight/Courier Services$2.8M
  225. 225MASK3 E Network Technology Group Ltd· EDP Services$2.6M
  226. 226HXHXHaoxin Holdings Limited· Trucking Freight/Courier Services$2.2M
  227. 227DXSTDecent Holding Inc· Miscellaneous$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$1.3M
  232. 232WETOWetour Robotics Limited· Other Transportation$1.1M
  233. 233FCHLFitness Champs Holdings Limited· Services-Misc. Amusement & Recreation$844,127
  234. 234INLFINLIF LIMITED· Industrial Machinery/Components$774,982
  235. 235DBGIDigital Brands Group Inc.· Clothing/Shoe/Accessory Stores$259,992
  236. 236DKIDarkIris Inc.· Computer Software: Prepackaged Software$88,098
  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-