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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$138.56B
  2. 2MDLNMedline Inc.· Medical/Dental Instruments$51.60B
  3. 3CRWVCoreWeave Inc.· Computer Software: Prepackaged Software$39.16B
  4. 4QQnity Electronics Inc.· Semiconductors$27.46B
  5. 5AMRZAmrize Ltd· Building Materials$27.07B
  6. 6CIBGrupo Cibest S.A.· Commercial Banks$22.05B
  7. 7ETSYEtsy Inc.· Real Estate$18.50B
  8. 8EMAEmera Incorporated· Electric Utilities: Central$16.49B
  9. 9CRCLCircle Internet Group Inc.· Finance: Consumer Services$15.56B
  10. 10JHXJames Hardie Industries plc.· Building Materials$15.26B
  11. 11JBSJBS N.V.· Meat/Poultry/Fish$15.01B
  12. 12KLARKlarna Group plc· Finance: Consumer Services$13.36B
  13. 13FIGFigma Inc.· Computer Software: Prepackaged Software$12.85B
  14. 14MICCThe Magnum Ice Cream Company N.V.· Specialty Foods$11.39B
  15. 15SFDSmithfield Foods Inc.· Meat/Poultry/Fish$10.25B
  16. 16CHYMChime Financial Inc.· Finance: Consumer Services$8.76B
  17. 17RALRalliant Corporation· Industrial Machinery/Components$7.32B
  18. 18LGNLegence Corp.· Engineering & Construction$6.91B
  19. 19NAVNNavan Inc.· Computer Software: Prepackaged Software$6.77B
  20. 20KRMNKarman Holdings Inc.· Military/Government/Technical$6.38B
  21. 21BLLNBillionToOne Inc.· Medical Specialities$6.37B
  22. 22HNGEHinge Health Inc.· EDP Services$5.78B
  23. 23FIGRFigure Technology Solutions Inc.· Finance: Consumer Services$5.49B
  24. 24ANDGAndersen Group Inc.· Real Estate$5.35B
  25. 25VGVenture Global Inc.· Oil/Gas Transmission$5.29B
  26. 26ALHAlliance Laundry Holdings Inc.· Industrial Machinery/Components$5.24B
  27. 27NTSKNetskope Inc.· Computer Software: Prepackaged Software$5.09B
  28. 28MRPMillrose Properties Inc.· Real Estate$4.65B
  29. 29OTFBlue Owl Technology Finance Corp.$4.60B
  30. 30MIAXMiami International Holdings Inc.· Investment Bankers/Brokers/Service$4.46B
  31. 31BETABeta Technologies Inc.· Aerospace$4.37B
  32. 32NPNeptune Insurance Holdings Inc.· Specialty Insurers$4.35B
  33. 33WBIWaterBridge Infrastructure LLC· Oilfield Services/Equipment$4.22B
  34. 34PTRNPattern Group Inc.· Catalog/Specialty Distribution$4.07B
  35. 35FRMIFermi Inc.· Real Estate Investment Trusts$3.63B
  36. 36SAILSailPoint Inc.· Computer Software: Prepackaged Software$3.40B
  37. 37NIQNIQ Global Intelligence plc· Computer Software: Programming Data Processing$3.30B
  38. 38BLSHBullish· Finance: Consumer Services$3.28B
  39. 39STUBStubHub Holdings Inc.· Services-Misc. Amusement & Recreation$3.17B
  40. 40ETOReToro Group Ltd.· Investment Bankers/Brokers/Service$2.87B
  41. 41TTAMTitan America SA· Mining & Quarrying of Nonmetallic Minerals (No Fuels)$2.85B
  42. 42XXITwenty One Capital Inc.· Finance: Consumer Services$2.78B
  43. 43CDNLCardinal Infrastructure Group Inc.· Military/Government/Technical$2.65B
  44. 44ARXAccelerant Holdings· Specialty Insurers$2.59B
  45. 45AAUCAllied Gold Corporation$2.31B
  46. 46SLDESlide Insurance Holdings Inc.· Property-Casualty Insurers$2.29B
  47. 47AEROGrupo Aeromexico S.A.B. de C.V.· Air Freight/Delivery Services$2.25B
  48. 48HTFLHeartflow Inc.· Medical/Dental Instruments$2.18B
  49. 49SIONSionna Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$2.13B
  50. 50MHMcGraw Hill Inc.· Publishing$2.10B
  51. 51ACVAACV Auctions Inc.· Real Estate$1.96B
  52. 52GSATGlobalstar Inc.· Telecommunications Equipment$1.86B
  53. 53SMASmartStop Self Storage REIT Inc.· Real Estate Investment Trusts$1.86B
  54. 54FLOCFlowco Holdings Inc.· Oil and Gas Field Machinery$1.85B
  55. 55AAPGAscentage Pharma Group International· Biotechnology: Pharmaceutical Preparations$1.63B
  56. 56MAZEMaze Therapeutics Inc.· Biotechnology: Biological Products (No Diagnostic Substances)$1.49B
  57. 57VOYGVoyager Technologies Inc.· Military/Government/Technical$1.45B
  58. 58NNNNAnbio Biotechnology· Biotechnology: In Vitro & In Vivo Diagnostic Substances$1.42B
  59. 59WLTHWealthfront Corporation· Finance: Consumer Services$1.42B
  60. 60XZOExzeo Group Inc.· Property-Casualty Insurers$1.41B
  61. 61AMBQAmbiq Micro Inc.· Semiconductors$1.36B
  62. 62KMTSKestra Medical Technologies Ltd.· Medical/Dental Instruments$1.34B
  63. 63MGRTMega Fortune Company Limited· EDP Services$1.30B
  64. 64WOLFWolfspeed Inc.· Semiconductors$1.23B
  65. 65OMDAOmada Health Inc.· Medical/Nursing Services$1.18B
  66. 66ASICAtegrity Specialty Insurance Company Holdings· Property-Casualty Insurers$1.15B
  67. 67LBRXLB Pharmaceuticals Inc· Biotechnology: Pharmaceutical Preparations$1.15B
  68. 68DECDiversified Energy Company$1.03B
  69. 69PXEDPhoenix Education Partners Inc.· Other Consumer Services$1.03B
  70. 70LMRILumexa Imaging Holdings Inc.· Medical Specialities$1.00B
  71. 71NMAXNewsmax Inc.· Broadcasting$995.8M
  72. 72CAICaris Life Sciences Inc.· Medical Specialities$971.9M
  73. 73WYFIWhiteFiber Inc.· Finance: Consumer Services$915.2M
  74. 74INRInfinity Natural Resources Inc.· Oil & Gas Production$836.1M
  75. 75ANGXAngel Studios Inc.· Movies/Entertainment$756.8M
  76. 76MNTNMNTN Inc.· Advertising$719.3M
  77. 77YBYuanbao Inc.· Specialty Insurers$619.3M
  78. 78ISOUIsoEnergy Ltd.$606.1M
  79. 79NPBNorthpointe Bancshares Inc.· Major Banks$605.2M
  80. 80MPLTMapLight Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$590.4M
  81. 81BBNXBeta Bionics Inc.· Medical/Dental Instruments$577.2M
  82. 82AGCCAgencia Comercial Spirits Ltd· Beverages (Production/Distribution)$566.8M
  83. 83IPODDune Acquisition Corporation II· Blank Checks$565.2M
  84. 84PHOEPhoenix Asia Holdings Limited· Engineering & Construction$511.3M
  85. 85MSIFMSC Income Fund Inc.· Finance/Investors Services$507.4M
  86. 86CMDBCostamare Bulkers Holdings Limited· Marine Transportation$473.0M
  87. 87SIShoulder Innovations Inc.· Medical/Dental Instruments$471.6M
  88. 88CBKCommercial Bancgroup Inc.· Major Banks$469.1M
  89. 89GEMIGemini Space Station Inc.· Investment Bankers/Brokers/Service$465.2M
  90. 90SKBLSkyline Builders Group Holding Limited· Engineering & Construction$459.4M
  91. 91AVBCAvidia Bancorp Inc.· Banks$447.7M
  92. 92APXTApex Treasury Corporation· Computer Software: Prepackaged Software$446.0M
  93. 93EVMNEvommune Inc.· Biotechnology: Pharmaceutical Preparations$405.2M
  94. 94BRCBBlack Rock Coffee Bar Inc.· Restaurants$403.4M
  95. 95HCMAHCM III Acquisition Corp.· Hotels/Resorts$399.4M
  96. 96AIIAmerican Integrity Insurance Group Inc.· Property-Casualty Insurers$397.5M
  97. 97TACOBerto Acquisition Corp.· Blank Checks$380.1M
  98. 98BUUUBUUU Group Limited· Services-Misc. Amusement & Recreation$376.4M
  99. 99IGACInvest Green Acquisition Corporation· Blank Checks$367.1M
  100. 100CARLCarlsmed Inc.· Medical/Dental Instruments$342.3M
  101. 101CVCapsoVision Inc.· Biotechnology: Electromedical & Electrotherapeutic Apparatus$328.8M
  102. 102COSOCoastalSouth Bancshares Inc.· Major Banks$328.2M
  103. 103ASPCA SPAC III Acquisition Corp.· Blank Checks$283.9M
  104. 104GIWGigCapital8 Corp.$269.0M
  105. 105GLOOGloo Holdings Inc.· EDP Services$265.2M
  106. 106APACStoneBridge Acquisition II Corporation$247.8M
  107. 107PNSkycorp Solar Group Limited· Retail: Computer Software & Peripheral Equipment$247.2M
  108. 108BQBoqii Holding Limited· Other Specialty Stores$234.1M
  109. 109AIROAIRO Group Holdings Inc.· Aerospace$211.9M
  110. 110BGINBgin Blockchain Limited· Finance: Consumer Services$202.5M
  111. 111LWACLightWave Acquisition Corp.· Blank Checks$197.6M
  112. 112FJETStarfighters Space Inc.· Air Freight/Delivery Services$195.2M
  113. 113TIITitan Mining Corporation$192.6M
  114. 114TDACTranslational Development Acquisition Corp.$181.2M
  115. 115MLACMountain Lake Acquisition Corp.· Auto Manufacturing$180.6M
  116. 116OMSEOMS Energy Technologies Inc.· Oil and Gas Field Machinery$179.1M
  117. 117VIAVia Transportation Inc.· Computer Software: Prepackaged Software$176.0M
  118. 118MENSJyong Biotech Ltd.· Biotechnology: Pharmaceutical Preparations$163.5M
  119. 119LIONLionsgate Studios Corp· Movies/Entertainment$157.7M
  120. 120SMJFSMJ International Holdings Inc.· RETAIL: Building Materials$157.4M
  121. 121CTWCTW Cayman· EDP Services$154.8M
  122. 122BRRProCap Financial Inc.· Finance: Consumer Services$154.0M
  123. 123AARDAardvark Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$144.4M
  124. 124WTFWaton Financial Limited· Investment Bankers/Brokers/Service$143.7M
  125. 125VINCVincerx Pharma Inc.· Biotechnology: Pharmaceutical Preparations$143.2M
  126. 126BMHLBluemount Holdings Limited· Finance: Consumer Services$142.9M
  127. 127ENGSEnergys Group Limited· Engineering & Construction$141.4M
  128. 128CIGLConcorde International Group Ltd· Diversified Commercial Services$138.8M
  129. 129JLHLJulong Holding Limited· Military/Government/Technical$133.6M
  130. 130HYNEHoyne Bancorp Inc.· Banks$131.7M
  131. 131WSBKWinchester Bancorp Inc.$120.8M
  132. 132YMTYimutian Inc.· EDP Services$118.8M
  133. 133ANTAAntalpha Platform Holding Company· Investment Bankers/Brokers/Service$114.7M
  134. 134BZAIBlaize Holdings Inc.· Blank Checks$114.0M
  135. 135YOOVConcorde International Group Ltd· Diversified Commercial Services$113.7M
  136. 136WFFWF Holding Limited· Miscellaneous manufacturing industries$104.6M
  137. 137YDDLOne and One Green Technologies. Inc· Industrial Specialties$101.1M
  138. 138LUDLuda Technology Group Limited· Steel/Iron Ore$100.7M
  139. 139EGGEnigmatig Limited· Professional Services$100.2M
  140. 140TGENTecogen Inc.· Industrial Machinery/Components$99.3M
  141. 141AGHAureus Greenway Holdings Inc.· Hotels/Resorts$93.5M
  142. 142FATNFatPipe Inc.· Computer Software: Prepackaged Software$85.3M
  143. 143FGMCFG Merger II Corp.$85.0M
  144. 144WSTNWestin Acquisition Corp$81.7M
  145. 145PARKPark Dental Partners Inc.· Misc Health and Biotechnology Services$80.7M
  146. 146TJGCTJGC Group Limited· Advertising$80.5M
  147. 147HCHLHappy City Holdings Limited· Restaurants$76.1M
  148. 148BLUWBlue Water Acquisition Corp. III$75.1M
  149. 149PEWGrabAGun Digital Holdings Inc.· Other Specialty Stores$72.9M
  150. 150NPTTexxon Holding Limited· Specialty Chemicals$68.1M
  151. 151MBMasterBeef Group· Restaurants$65.2M
  152. 152RYOJrYojbaba Co. Ltd.· Professional Services$64.9M
  153. 153ZYBTZhengye Biotechnology Holding Limited· Biotechnology: Pharmaceutical Preparations$63.0M
  154. 154OTHOff The Hook YS Inc.· Marine Transportation$62.6M
  155. 155ANPARich Sparkle Holdings Limited· Other Consumer Services$62.4M
  156. 156LFSLEIFRAS Co. Ltd.· Other Consumer Services$62.3M
  157. 157JFBJFB Construction Holdings· General Bldg Contractors - Nonresidential Bldgs$61.8M
  158. 158CANGCango Inc.· Computer Software: Prepackaged Software$57.4M
  159. 159ELWTElauwit Connection Inc.· Telecommunications Equipment$54.0M
  160. 160ZTGZenta Group Company Limited· Professional Services$52.0M
  161. 161ETSElite Express Holding Inc.· Trucking Freight/Courier Services$51.6M
  162. 162OFALOFA Group· Military/Government/Technical$47.8M
  163. 163PCLAPicoCELA Inc.· Building Products$47.2M
  164. 164TGEThe Generation Essentials Group· Newspapers/Magazines$46.4M
  165. 165PLUTPlutus Financial Group Limited· Investment Bankers/Brokers/Service$45.9M
  166. 166DGNXDiginex Limited· EDP Services$44.5M
  167. 167MCRPMicropolis AI Robotics· Auto Parts:O.E.M.$44.3M
  168. 168SORAAsiaStrategy· Other Specialty Stores$41.0M
  169. 169ATHRAether Holdings Inc.· Computer Software: Prepackaged Software$40.0M
  170. 170AHMAAmbitions Enterprise Management Co. L.L.C· Services-Misc. Amusement & Recreation$38.9M
  171. 171RYETRuanyun Edai Technology Inc.· Computer Software: Prepackaged Software$38.8M
  172. 172NSRXNasus Pharma Ltd.· Biotechnology: Pharmaceutical Preparations$35.5M
  173. 173GRANGrande Group Limited· Finance: Consumer Services$34.1M
  174. 174NCTIntercont (Cayman) Limited· Restaurants$32.6M
  175. 175ACCLAcco Group Holdings Limited· Professional Services$31.0M
  176. 176PFAIPinnacle Food Group Limited· Farming/Seeds/Milling$29.8M
  177. 177REEDReed's Inc.$28.6M
  178. 178TGHLThe GrowHub Limited· EDP Services$28.6M
  179. 179STAKSTAK Inc.· Oil and Gas Field Machinery$25.5M
  180. 180BLIVBeLive Holdings· EDP Services$23.9M
  181. 181LGPSLogProstyle Inc.· Homebuilding$23.8M
  182. 182BIYABaiya International Group Inc.· Diversified Commercial Services$23.2M
  183. 183SLGBSmart Logistics Global Limited· Integrated Freight & Logistics$22.9M
  184. 184FLDFold Holdings Inc.· Finance: Consumer Services$22.9M
  185. 185UFGUni-Fuels Holdings Limited· Oil Refining/Marketing$22.7M
  186. 186KMRKK-Tech Solutions Company Limited· Recreational Games/Products/Toys$22.6M
  187. 187VNTGVantage Corp· Integrated Freight & Logistics$19.4M
  188. 188EPSMEpsium Enterprise Limited· Beverages (Production/Distribution)$18.8M
  189. 189TMDETMD Energy Limited· Oil Refining/Marketing$18.4M
  190. 190HKPDCellyan Biotechnology Co. Ltd· Other Pharmaceuticals$18.3M
  191. 191TLIHTen-League International Holdings Limited$17.0M
  192. 192FOFOHang Feng Technology Innovation Co. Ltd.· Professional Services$16.9M
  193. 193MWYNMarwynn Holdings Inc.· Food Distributors$15.2M
  194. 194LHAILinkhome Holdings Inc.· Real Estate$13.9M
  195. 195ADVBAdvanced Biomed Inc.· Medical Specialities$13.2M
  196. 196RCTRedCloud Holdings plc· Computer Software: Programming Data Processing$12.9M
  197. 197THHTryHard Holdings Limited· Services-Misc. Amusement & Recreation$12.8M
  198. 198TOPPToppoint Holdings Inc.· Trucking Freight/Courier Services$12.7M
  199. 199KNRXKNOREX LTD.· Computer Software: Programming Data Processing$12.5M
  200. 200CHOWChowChow Cloud International Holdings Limited· Computer Software: Prepackaged Software$12.4M
  201. 201RGNTRegentis Biomaterials Ltd.· Biotechnology: Pharmaceutical Preparations$12.2M
  202. 202TBHBrag House Holdings Inc.· Services-Misc. Amusement & Recreation$12.0M
  203. 203XHLDTEN Holdings Inc.· Real Estate$12.0M
  204. 204MIMIMint Incorporation Limited· Real Estate$11.8M
  205. 205FMFCKandal M Venture Limited· Apparel$11.2M
  206. 206LZMHLZ Technology Holdings Limited· EDP Services$10.4M
  207. 207CYCUCycurion Inc.· EDP Services$10.2M
  208. 208ELOGEastern International Ltd.· Integrated Freight & Logistics$9.9M
  209. 209SAGTSAGTEC GLOBAL LIMITED· Computer Software: Prepackaged Software$9.7M
  210. 210WGRXWellgistics Health Inc.· Other Pharmaceuticals$9.3M
  211. 211PMIPicard Medical Inc.· Medical/Dental Instruments$9.0M
  212. 212DBGIDigital Brands Group Inc.· Clothing/Shoe/Accessory Stores$8.9M
  213. 213BMGLBasel Medical Group Ltd· Medical/Nursing Services$8.8M
  214. 214LHSWLianhe Sowell International Group Ltd· Computer Software: Prepackaged Software$8.7M
  215. 215DKIDarkIris Inc.· Computer Software: Prepackaged Software$8.3M
  216. 216CUPRCuprina Holdings (Cayman) Limited· Biotechnology: Pharmaceutical Preparations$7.8M
  217. 217APUSApimeds Pharmaceuticals US Inc.· Biotechnology: Pharmaceutical Preparations$7.8M
  218. 218FTRKFAST TRACK GROUP· Package Goods/Cosmetics$7.7M
  219. 219CJMBCallan JMB Inc.· Real Estate$7.6M
  220. 220YMATJ-Star Holding Co. Ltd.· Recreational Games/Products/Toys$7.5M
  221. 221FBGLFBS Global Limited· Miscellaneous manufacturing industries$7.5M
  222. 222WETOWetour Robotics Limited· Other Transportation$7.4M
  223. 223EDHLEverbright Digital Holding Limited· Advertising$7.1M
  224. 224HXHXHaoxin Holdings Limited· Trucking Freight/Courier Services$6.5M
  225. 225AGRZAgroz Inc.· Farming/Seeds/Milling$6.5M
  226. 226DLXYDelixy Holdings Limited· Oil Refining/Marketing$6.3M
  227. 227CCHHCCH Holdings Ltd· Restaurants$6.1M
  228. 228POASPhaos Technology Holdings (Cayman) Limited· Industrial Machinery/Components$6.0M
  229. 229CURXCuranex Pharmaceuticals Inc· Biotechnology: Pharmaceutical Preparations$5.8M
  230. 230IOTRiOThree Limited· Telecommunications Equipment$5.4M
  231. 231MASK3 E Network Technology Group Ltd· EDP Services$5.2M
  232. 232HCAIHuachen AI Parking Management Technology Holding Co. Ltd.· Miscellaneous manufacturing industries$5.0M
  233. 233CRECre8 Enterprise Limited· Publishing$4.9M
  234. 234INLFINLIF LIMITED· Industrial Machinery/Components$4.6M
  235. 235TDICDreamland Limited· Other Consumer Services$4.5M
  236. 236MSGYMasonglory Limited$4.2M
  237. 237DXSTDecent Holding Inc· Miscellaneous$4.2M
  238. 238POMPOMDOCTOR LIMITED· Other Specialty Stores$4.1M
  239. 239WXMWF International Limited· Engineering & Construction$3.6M
  240. 240JEM707 Cayman Holdings Limited· Clothing/Shoe/Accessory Stores$3.3M
  241. 241RPGLRepublic Power Group Limited· Computer Software: Prepackaged Software$2.0M
  242. 242FCHLFitness Champs Holdings Limited· Services-Misc. Amusement & Recreation$1.5M
  243. 243MGNMegan Holdings Limited· Farming/Seeds/Milling$1.2M
  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.-