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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$134.04B
  2. 2CRWVCoreWeave Inc.· Computer Software: Prepackaged Software$44.06B
  3. 3MDLNMedline Inc.· Medical/Dental Instruments$42.23B
  4. 4QQnity Electronics Inc.· Semiconductors$24.50B
  5. 5CIBGrupo Cibest S.A.· Commercial Banks$23.41B
  6. 6CRCLCircle Internet Group Inc.· Finance: Consumer Services$21.60B
  7. 7AMRZAmrize Ltd· Building Materials$20.89B
  8. 8ETSYEtsy Inc.· Real Estate$18.50B
  9. 9EMAEmera Incorporated· Electric Utilities: Central$15.17B
  10. 10JHXJames Hardie Industries plc.· Building Materials$15.04B
  11. 11JBSJBS N.V.· Meat/Poultry/Fish$12.92B
  12. 12FIGFigma Inc.· Computer Software: Prepackaged Software$12.41B
  13. 13CHYMChime Financial Inc.· Finance: Consumer Services$11.63B
  14. 14MICCThe Magnum Ice Cream Company N.V.· Specialty Foods$11.59B
  15. 15KLARKlarna Group plc· Finance: Consumer Services$9.84B
  16. 16SFDSmithfield Foods Inc.· Meat/Poultry/Fish$7.79B
  17. 17HNGEHinge Health Inc.· EDP Services$7.64B
  18. 18FIGRFigure Technology Solutions Inc.· Finance: Consumer Services$7.56B
  19. 19RALRalliant Corporation· Industrial Machinery/Components$7.45B
  20. 20NTSKNetskope Inc.· Computer Software: Prepackaged Software$7.03B
  21. 21ANDGAndersen Group Inc.· Real Estate$6.19B
  22. 22LGNLegence Corp.· Engineering & Construction$5.91B
  23. 23NAVNNavan Inc.· Computer Software: Prepackaged Software$5.76B
  24. 24BLSHBullish· Finance: Consumer Services$5.57B
  25. 25NIQNIQ Global Intelligence plc· Computer Software: Programming Data Processing$5.29B
  26. 26VGVenture Global Inc.· Oil/Gas Transmission$5.29B
  27. 27BLLNBillionToOne Inc.· Medical Specialities$5.22B
  28. 28BETABeta Technologies Inc.· Aerospace$5.08B
  29. 29OTFBlue Owl Technology Finance Corp.$4.98B
  30. 30MRPMillrose Properties Inc.· Real Estate$4.78B
  31. 31KRMNKarman Holdings Inc.· Military/Government/Technical$4.67B
  32. 32HTFLHeartflow Inc.· Medical/Dental Instruments$4.31B
  33. 33ARXAccelerant Holdings· Specialty Insurers$4.30B
  34. 34ALHAlliance Laundry Holdings Inc.· Industrial Machinery/Components$4.27B
  35. 35NPNeptune Insurance Holdings Inc.· Specialty Insurers$4.15B
  36. 36WBIWaterBridge Infrastructure LLC· Oilfield Services/Equipment$3.83B
  37. 37MIAXMiami International Holdings Inc.· Investment Bankers/Brokers/Service$3.74B
  38. 38PTRNPattern Group Inc.· Catalog/Specialty Distribution$3.45B
  39. 39SAILSailPoint Inc.· Computer Software: Prepackaged Software$3.40B
  40. 40FRMIFermi Inc.· Real Estate Investment Trusts$3.17B
  41. 41XXITwenty One Capital Inc.· Finance: Consumer Services$3.13B
  42. 42AAUCAllied Gold Corporation$3.00B
  43. 43SLDESlide Insurance Holdings Inc.· Property-Casualty Insurers$2.92B
  44. 44TTAMTitan America SA· Mining & Quarrying of Nonmetallic Minerals (No Fuels)$2.55B
  45. 45MHMcGraw Hill Inc.· Publishing$2.50B
  46. 46STUBStubHub Holdings Inc.· Services-Misc. Amusement & Recreation$2.27B
  47. 47VOYGVoyager Technologies Inc.· Military/Government/Technical$2.27B
  48. 48ETOReToro Group Ltd.· Investment Bankers/Brokers/Service$2.25B
  49. 49AEROGrupo Aeromexico S.A.B. de C.V.· Air Freight/Delivery Services$2.16B
  50. 50ACVAACV Auctions Inc.· Real Estate$1.96B
  51. 51GSATGlobalstar Inc.· Telecommunications Equipment$1.86B
  52. 52FLOCFlowco Holdings Inc.· Oil and Gas Field Machinery$1.84B
  53. 53SMASmartStop Self Storage REIT Inc.· Real Estate Investment Trusts$1.81B
  54. 54MGRTMega Fortune Company Limited· EDP Services$1.62B
  55. 55WLTHWealthfront Corporation· Finance: Consumer Services$1.58B
  56. 56AMBQAmbiq Micro Inc.· Semiconductors$1.51B
  57. 57CDNLCardinal Infrastructure Group Inc.· Military/Government/Technical$1.51B
  58. 58XZOExzeo Group Inc.· Property-Casualty Insurers$1.49B
  59. 59KMTSKestra Medical Technologies Ltd.· Medical/Dental Instruments$1.45B
  60. 60AAPGAscentage Pharma Group International· Biotechnology: Pharmaceutical Preparations$1.43B
  61. 61LBRXLB Pharmaceuticals Inc· Biotechnology: Pharmaceutical Preparations$1.36B
  62. 62ASICAtegrity Specialty Insurance Company Holdings· Property-Casualty Insurers$1.35B
  63. 63NMAXNewsmax Inc.· Broadcasting$1.33B
  64. 64MAZEMaze Therapeutics Inc.· Biotechnology: Biological Products (No Diagnostic Substances)$1.30B
  65. 65WOLFWolfspeed Inc.· Semiconductors$1.26B
  66. 66OMDAOmada Health Inc.· Medical/Nursing Services$1.21B
  67. 67LMRILumexa Imaging Holdings Inc.· Medical Specialities$1.11B
  68. 68DECDiversified Energy Company$1.07B
  69. 69CAICaris Life Sciences Inc.· Medical Specialities$971.9M
  70. 70BBNXBeta Bionics Inc.· Medical/Dental Instruments$964.1M
  71. 71PXEDPhoenix Education Partners Inc.· Other Consumer Services$958.5M
  72. 72ANGXAngel Studios Inc.· Movies/Entertainment$915.1M
  73. 73MNTNMNTN Inc.· Advertising$847.5M
  74. 74INRInfinity Natural Resources Inc.· Oil & Gas Production$820.0M
  75. 75NNNNAnbio Biotechnology· Biotechnology: In Vitro & In Vivo Diagnostic Substances$805.8M
  76. 76BUUUBUUU Group Limited· Services-Misc. Amusement & Recreation$767.0M
  77. 77MPLTMapLight Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$733.2M
  78. 78WYFIWhiteFiber Inc.· Finance: Consumer Services$693.8M
  79. 79ISOUIsoEnergy Ltd.$680.5M
  80. 80CMDBCostamare Bulkers Holdings Limited· Marine Transportation$584.2M
  81. 81NPBNorthpointe Bancshares Inc.· Major Banks$577.2M
  82. 82GEMIGemini Space Station Inc.· Investment Bankers/Brokers/Service$574.4M
  83. 83MSIFMSC Income Fund Inc.· Finance/Investors Services$572.7M
  84. 84IPODDune Acquisition Corporation II· Blank Checks$565.2M
  85. 85YBYuanbao Inc.· Specialty Insurers$563.6M
  86. 86AIIAmerican Integrity Insurance Group Inc.· Property-Casualty Insurers$524.5M
  87. 87AGCCAgencia Comercial Spirits Ltd· Beverages (Production/Distribution)$467.6M
  88. 88SKBLSkyline Builders Group Holding Limited· Engineering & Construction$459.4M
  89. 89CBKCommercial Bancgroup Inc.· Major Banks$450.6M
  90. 90GLOOGloo Holdings Inc.· EDP Services$449.4M
  91. 91APXTApex Treasury Corporation· Computer Software: Prepackaged Software$446.0M
  92. 92PHOEPhoenix Asia Holdings Limited· Engineering & Construction$446.0M
  93. 93AVBCAvidia Bancorp Inc.· Banks$443.1M
  94. 94CARLCarlsmed Inc.· Medical/Dental Instruments$420.2M
  95. 95HCMAHCM III Acquisition Corp.· Hotels/Resorts$400.5M
  96. 96TACOBerto Acquisition Corp.· Blank Checks$380.8M
  97. 97SIShoulder Innovations Inc.· Medical/Dental Instruments$370.6M
  98. 98IGACInvest Green Acquisition Corporation· Blank Checks$367.1M
  99. 99BRCBBlack Rock Coffee Bar Inc.· Restaurants$358.5M
  100. 100EVMNEvommune Inc.· Biotechnology: Pharmaceutical Preparations$340.1M
  101. 101COSOCoastalSouth Bancshares Inc.· Major Banks$325.8M
  102. 102SIONSionna Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$324.6M
  103. 103CVCapsoVision Inc.· Biotechnology: Electromedical & Electrotherapeutic Apparatus$316.8M
  104. 104BRRProCap Financial Inc.· Finance: Consumer Services$304.0M
  105. 105TIITitan Mining Corporation$290.0M
  106. 106ASPCA SPAC III Acquisition Corp.· Blank Checks$283.9M
  107. 107GIWGigCapital8 Corp.$269.0M
  108. 108APACStoneBridge Acquisition II Corporation$247.8M
  109. 109BQBoqii Holding Limited· Other Specialty Stores$234.1M
  110. 110AIROAIRO Group Holdings Inc.· Aerospace$232.9M
  111. 111BGINBgin Blockchain Limited· Finance: Consumer Services$208.2M
  112. 112LWACLightWave Acquisition Corp.· Blank Checks$197.6M
  113. 113OMSEOMS Energy Technologies Inc.· Oil and Gas Field Machinery$188.9M
  114. 114TDACTranslational Development Acquisition Corp.$181.2M
  115. 115MLACMountain Lake Acquisition Corp.· Auto Manufacturing$180.6M
  116. 116VIAVia Transportation Inc.· Computer Software: Prepackaged Software$176.0M
  117. 117MENSJyong Biotech Ltd.· Biotechnology: Pharmaceutical Preparations$158.1M
  118. 118LIONLionsgate Studios Corp· Movies/Entertainment$157.7M
  119. 119CTWCTW Cayman· EDP Services$145.4M
  120. 120ENGSEnergys Group Limited· Engineering & Construction$144.7M
  121. 121VINCVincerx Pharma Inc.· Biotechnology: Pharmaceutical Preparations$143.2M
  122. 122BMHLBluemount Holdings Limited· Finance: Consumer Services$141.1M
  123. 123HYNEHoyne Bancorp Inc.· Banks$135.4M
  124. 124WTFWaton Financial Limited· Investment Bankers/Brokers/Service$126.4M
  125. 125ANTAAntalpha Platform Holding Company· Investment Bankers/Brokers/Service$124.5M
  126. 126AARDAardvark Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$121.0M
  127. 127WSBKWinchester Bancorp Inc.$120.2M
  128. 128JLHLJulong Holding Limited· Military/Government/Technical$116.9M
  129. 129XHLDTEN Holdings Inc.· Real Estate$116.4M
  130. 130YOOVConcorde International Group Ltd· Diversified Commercial Services$113.7M
  131. 131TJGCTJGC Group Limited· Advertising$111.2M
  132. 132ETSElite Express Holding Inc.· Trucking Freight/Courier Services$107.2M
  133. 133FJETStarfighters Space Inc.· Air Freight/Delivery Services$101.7M
  134. 134JFBJFB Construction Holdings· General Bldg Contractors - Nonresidential Bldgs$100.0M
  135. 135LUDLuda Technology Group Limited· Steel/Iron Ore$97.8M
  136. 136PARKPark Dental Partners Inc.· Misc Health and Biotechnology Services$96.4M
  137. 137CIGLConcorde International Group Ltd· Diversified Commercial Services$96.0M
  138. 138TGENTecogen Inc.· Industrial Machinery/Components$93.9M
  139. 139AGHAureus Greenway Holdings Inc.· Hotels/Resorts$93.5M
  140. 140WFFWF Holding Limited· Miscellaneous manufacturing industries$90.1M
  141. 141BZAIBlaize Holdings Inc.· Blank Checks$89.1M
  142. 142CANGCango Inc.· Computer Software: Prepackaged Software$89.0M
  143. 143FGMCFG Merger II Corp.$85.0M
  144. 144YDDLOne and One Green Technologies. Inc· Industrial Specialties$84.0M
  145. 145WSTNWestin Acquisition Corp$81.7M
  146. 146FATNFatPipe Inc.· Computer Software: Prepackaged Software$79.5M
  147. 147HCHLHappy City Holdings Limited· Restaurants$76.1M
  148. 148BLUWBlue Water Acquisition Corp. III$75.1M
  149. 149EGGEnigmatig Limited· Professional Services$74.1M
  150. 150DGNXDiginex Limited· EDP Services$70.7M
  151. 151MBMasterBeef Group· Restaurants$68.8M
  152. 152PCLAPicoCELA Inc.· Building Products$67.7M
  153. 153ZYBTZhengye Biotechnology Holding Limited· Biotechnology: Pharmaceutical Preparations$64.9M
  154. 154PEWGrabAGun Digital Holdings Inc.· Other Specialty Stores$62.9M
  155. 155OTHOff The Hook YS Inc.· Marine Transportation$62.6M
  156. 156NPTTexxon Holding Limited· Specialty Chemicals$62.1M
  157. 157LFSLEIFRAS Co. Ltd.· Other Consumer Services$56.5M
  158. 158SORAAsiaStrategy· Other Specialty Stores$55.4M
  159. 159ELWTElauwit Connection Inc.· Telecommunications Equipment$47.5M
  160. 160RYOJrYojbaba Co. Ltd.· Professional Services$43.0M
  161. 161TGEThe Generation Essentials Group· Newspapers/Magazines$42.4M
  162. 162ATHRAether Holdings Inc.· Computer Software: Prepackaged Software$41.5M
  163. 163NSRXNasus Pharma Ltd.· Biotechnology: Pharmaceutical Preparations$41.3M
  164. 164ACCLAcco Group Holdings Limited· Professional Services$41.0M
  165. 165PNSkycorp Solar Group Limited· Retail: Computer Software & Peripheral Equipment$38.8M
  166. 166AHMAAmbitions Enterprise Management Co. L.L.C· Services-Misc. Amusement & Recreation$38.3M
  167. 167PLUTPlutus Financial Group Limited· Investment Bankers/Brokers/Service$37.6M
  168. 168RYETRuanyun Edai Technology Inc.· Computer Software: Prepackaged Software$33.2M
  169. 169PFAIPinnacle Food Group Limited· Farming/Seeds/Milling$33.0M
  170. 170EDHLEverbright Digital Holding Limited· Advertising$31.1M
  171. 171ANPARich Sparkle Holdings Limited· Other Consumer Services$30.4M
  172. 172SMJFSMJ International Holdings Inc.· RETAIL: Building Materials$29.4M
  173. 173ZTGZenta Group Company Limited· Professional Services$28.9M
  174. 174REEDReed's Inc.$28.6M
  175. 175FLDFold Holdings Inc.· Finance: Consumer Services$28.4M
  176. 176MCRPMicropolis AI Robotics· Auto Parts:O.E.M.$27.9M
  177. 177GRANGrande Group Limited· Finance: Consumer Services$26.2M
  178. 178BLIVBeLive Holdings· EDP Services$24.0M
  179. 179RPGLRepublic Power Group Limited· Computer Software: Prepackaged Software$23.9M
  180. 180CCHHCCH Holdings Ltd· Restaurants$23.4M
  181. 181TGHLThe GrowHub Limited· EDP Services$20.6M
  182. 182STAKSTAK Inc.· Oil and Gas Field Machinery$20.6M
  183. 183LHAILinkhome Holdings Inc.· Real Estate$20.5M
  184. 184LGPSLogProstyle Inc.· Homebuilding$20.0M
  185. 185KMRKK-Tech Solutions Company Limited· Recreational Games/Products/Toys$20.0M
  186. 186CHOWChowChow Cloud International Holdings Limited· Computer Software: Prepackaged Software$19.7M
  187. 187MWYNMarwynn Holdings Inc.· Food Distributors$18.9M
  188. 188UFGUni-Fuels Holdings Limited· Oil Refining/Marketing$18.2M
  189. 189VNTGVantage Corp· Integrated Freight & Logistics$18.1M
  190. 190EPSMEpsium Enterprise Limited· Beverages (Production/Distribution)$17.3M
  191. 191TLIHTen-League International Holdings Limited$17.1M
  192. 192TMDETMD Energy Limited· Oil Refining/Marketing$16.7M
  193. 193OFALOFA Group· Military/Government/Technical$15.3M
  194. 194SLGBSmart Logistics Global Limited· Integrated Freight & Logistics$14.4M
  195. 195FOFOHang Feng Technology Innovation Co. Ltd.· Professional Services$13.9M
  196. 196RCTRedCloud Holdings plc· Computer Software: Programming Data Processing$13.8M
  197. 197MIMIMint Incorporation Limited· Real Estate$13.8M
  198. 198DLXYDelixy Holdings Limited· Oil Refining/Marketing$13.8M
  199. 199BIYABaiya International Group Inc.· Diversified Commercial Services$13.5M
  200. 200CJMBCallan JMB Inc.· Real Estate$13.3M
  201. 201PMIPicard Medical Inc.· Medical/Dental Instruments$13.1M
  202. 202RGNTRegentis Biomaterials Ltd.· Biotechnology: Pharmaceutical Preparations$12.3M
  203. 203WXMWF International Limited· Engineering & Construction$12.1M
  204. 204ADVBAdvanced Biomed Inc.· Medical Specialities$12.1M
  205. 205TBHBrag House Holdings Inc.· Services-Misc. Amusement & Recreation$12.0M
  206. 206SAGTSAGTEC GLOBAL LIMITED· Computer Software: Prepackaged Software$11.1M
  207. 207CYCUCycurion Inc.· EDP Services$11.0M
  208. 208LZMHLZ Technology Holdings Limited· EDP Services$10.8M
  209. 209IOTRiOThree Limited· Telecommunications Equipment$10.6M
  210. 210KNRXKNOREX LTD.· Computer Software: Programming Data Processing$9.9M
  211. 211WGRXWellgistics Health Inc.· Other Pharmaceuticals$9.3M
  212. 212NCTIntercont (Cayman) Limited· Restaurants$9.0M
  213. 213THHTryHard Holdings Limited· Services-Misc. Amusement & Recreation$7.7M
  214. 214CURXCuranex Pharmaceuticals Inc· Biotechnology: Pharmaceutical Preparations$7.2M
  215. 215ELOGEastern International Ltd.· Integrated Freight & Logistics$7.0M
  216. 216TDICDreamland Limited· Other Consumer Services$6.8M
  217. 217BMGLBasel Medical Group Ltd· Medical/Nursing Services$6.7M
  218. 218HXHXHaoxin Holdings Limited· Trucking Freight/Courier Services$6.2M
  219. 219POMPOMDOCTOR LIMITED· Other Specialty Stores$6.2M
  220. 220CRECre8 Enterprise Limited· Publishing$6.0M
  221. 221HKPDCellyan Biotechnology Co. Ltd· Other Pharmaceuticals$5.9M
  222. 222YMATJ-Star Holding Co. Ltd.· Recreational Games/Products/Toys$5.9M
  223. 223DKIDarkIris Inc.· Computer Software: Prepackaged Software$5.6M
  224. 224LHSWLianhe Sowell International Group Ltd· Computer Software: Prepackaged Software$5.5M
  225. 225FBGLFBS Global Limited· Miscellaneous manufacturing industries$5.2M
  226. 226POASPhaos Technology Holdings (Cayman) Limited· Industrial Machinery/Components$5.2M
  227. 227HCAIHuachen AI Parking Management Technology Holding Co. Ltd.· Miscellaneous manufacturing industries$4.9M
  228. 228AGRZAgroz Inc.· Farming/Seeds/Milling$4.8M
  229. 229CUPRCuprina Holdings (Cayman) Limited· Biotechnology: Pharmaceutical Preparations$4.6M
  230. 230DXSTDecent Holding Inc· Miscellaneous$4.6M
  231. 231FMFCKandal M Venture Limited· Apparel$4.4M
  232. 232MSGYMasonglory Limited$4.4M
  233. 233DBGIDigital Brands Group Inc.· Clothing/Shoe/Accessory Stores$4.1M
  234. 234TOPPToppoint Holdings Inc.· Trucking Freight/Courier Services$3.9M
  235. 235FTRKFAST TRACK GROUP· Package Goods/Cosmetics$3.6M
  236. 236MGNMegan Holdings Limited· Farming/Seeds/Milling$3.4M
  237. 237MASK3 E Network Technology Group Ltd· EDP Services$3.4M
  238. 238INLFINLIF LIMITED· Industrial Machinery/Components$3.3M
  239. 239JEM707 Cayman Holdings Limited· Clothing/Shoe/Accessory Stores$2.6M
  240. 240APUSApimeds Pharmaceuticals US Inc.· Biotechnology: Pharmaceutical Preparations$2.5M
  241. 241WETOWetour Robotics Limited· Other Transportation$2.0M
  242. 242FCHLFitness Champs Holdings Limited· Services-Misc. Amusement & Recreation$1.4M
  243. 243YMTYimutian Inc.· EDP Services$962,673
  244. 244RANGRange Capital Acquisition Corp.-
  245. 245RIBBRibbon Acquisition Corp-
  246. 246AIFEAifeex Nexus Acquisition Corporation-
  247. 247MJIDMajestic Ideal Holdings Ltd· Apparel-
  248. 248GTERAGloba Terra Acquisition Corporation· Blank Checks-
  249. 249YORKYorkville Acquisition Corp.· Electric Utilities: Central-
  250. 250INACIndigo Acquisition Corp.-