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$130.39B
2. 2CRWVCoreWeave Inc.· Computer Software: Prepackaged Software$64.35B
3. 3MDLNMedline Inc.· Medical/Dental Instruments$47.21B
4. 4QQnity Electronics Inc.· Semiconductors$35.37B
5. 5AMRZAmrize Ltd· Building Materials$30.64B
6. 6CRCLCircle Internet Group Inc.· Finance: Consumer Services$19.94B
7. 7ETSYEtsy Inc.· Real Estate$18.50B
8. 8EMAEmera Incorporated· Electric Utilities: Central$15.84B
9. 9JHXJames Hardie Industries plc.· Building Materials$14.43B
10. 10KLARKlarna Group plc· Finance: Consumer Services$13.29B
11. 11JBSJBS N.V.· Meat/Poultry/Fish$12.78B
12. 12CIBGrupo Cibest S.A.· Commercial Banks$10.37B
13. 13MICCThe Magnum Ice Cream Company N.V.· Specialty Foods$10.27B
14. 14FIGFigma Inc.· Computer Software: Prepackaged Software$9.98B
15. 15SFDSmithfield Foods Inc.· Meat/Poultry/Fish$9.81B
16. 16LGNLegence Corp.· Engineering & Construction$9.24B
17. 17RALRalliant Corporation· Industrial Machinery/Components$7.63B
18. 18CHYMChime Financial Inc.· Finance: Consumer Services$6.71B
19. 19KRMNKarman Holdings Inc.· Military/Government/Technical$6.68B
20. 20FIGRFigure Technology Solutions Inc.· Finance: Consumer Services$6.30B
21. 21FRMIFermi Inc.· Real Estate Investment Trusts$6.06B
22. 22NAVNNavan Inc.· Computer Software: Prepackaged Software$5.57B
23. 23HNGEHinge Health Inc.· EDP Services$5.37B
24. 24ALHAlliance Laundry Holdings Inc.· Industrial Machinery/Components$5.34B
25. 25VGVenture Global Inc.· Oil/Gas Transmission$5.29B
26. 26OTFBlue Owl Technology Finance Corp.$4.93B
27. 27BLLNBillionToOne Inc.· Medical Specialities$4.84B
28. 28MRPMillrose Properties Inc.· Real Estate$4.72B
29. 29STUBStubHub Holdings Inc.· Services-Misc. Amusement & Recreation$4.39B
30. 30ANDGAndersen Group Inc.· Real Estate$4.20B
31. 31WBIWaterBridge Infrastructure LLC· Oilfield Services/Equipment$4.10B
32. 32NPNeptune Insurance Holdings Inc.· Specialty Insurers$4.04B
33. 33PTRNPattern Group Inc.· Catalog/Specialty Distribution$3.78B
34. 34BETABeta Technologies Inc.· Aerospace$3.72B
35. 35NTSKNetskope Inc.· Computer Software: Prepackaged Software$3.66B
36. 36BLSHBullish· Finance: Consumer Services$3.62B
37. 37XXITwenty One Capital Inc.· Finance: Consumer Services$3.60B
38. 38MIAXMiami International Holdings Inc.· Investment Bankers/Brokers/Service$3.57B
39. 39CDNLCardinal Infrastructure Group Inc.· Military/Government/Technical$3.49B
40. 40SAILSailPoint Inc.· Computer Software: Prepackaged Software$3.40B
41. 41TTAMTitan America SA· Mining & Quarrying of Nonmetallic Minerals (No Fuels)$3.39B
42. 42AAUCAllied Gold Corporation$3.23B
43. 43ETOReToro Group Ltd.· Investment Bankers/Brokers/Service$3.15B
44. 44WOLFWolfspeed Inc.· Semiconductors$2.98B
45. 45HTFLHeartflow Inc.· Medical/Dental Instruments$2.90B
46. 46ARXAccelerant Holdings· Specialty Insurers$2.83B
47. 47AEROGrupo Aeromexico S.A.B. de C.V.· Air Freight/Delivery Services$2.57B
48. 48NIQNIQ Global Intelligence plc· Computer Software: Programming Data Processing$2.44B
49. 49NNNNAnbio Biotechnology· Biotechnology: In Vitro & In Vivo Diagnostic Substances$2.39B
50. 50VOYGVoyager Technologies Inc.· Military/Government/Technical$2.23B
51. 51FLOCFlowco Holdings Inc.· Oil and Gas Field Machinery$2.05B
52. 52ACVAACV Auctions Inc.· Real Estate$1.96B
53. 53AMBQAmbiq Micro Inc.· Semiconductors$1.93B
54. 54SLDESlide Insurance Holdings Inc.· Property-Casualty Insurers$1.90B
55. 55GSATGlobalstar Inc.· Telecommunications Equipment$1.86B
56. 56MHMcGraw Hill Inc.· Publishing$1.85B
57. 57SMASmartStop Self Storage REIT Inc.· Real Estate Investment Trusts$1.81B
58. 58SIONSionna Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$1.68B
59. 59AAPGAscentage Pharma Group International· Biotechnology: Pharmaceutical Preparations$1.60B
60. 60WYFIWhiteFiber Inc.· Finance: Consumer Services$1.49B
61. 61MAZEMaze Therapeutics Inc.· Biotechnology: Biological Products (No Diagnostic Substances)$1.42B
62. 62MPLTMapLight Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$1.31B
63. 63WLTHWealthfront Corporation· Finance: Consumer Services$1.26B
64. 64XZOExzeo Group Inc.· Property-Casualty Insurers$1.21B
65. 65KMTSKestra Medical Technologies Ltd.· Medical/Dental Instruments$1.16B
66. 66PXEDPhoenix Education Partners Inc.· Other Consumer Services$1.09B
67. 67OMDAOmada Health Inc.· Medical/Nursing Services$1.05B
68. 68ASICAtegrity Specialty Insurance Company Holdings· Property-Casualty Insurers$1.02B
69. 69NMAXNewsmax Inc.· Broadcasting$1.00B
70. 70DECDiversified Energy Company$997.8M
71. 71MGRTMega Fortune Company Limited· EDP Services$989.3M
72. 72CAICaris Life Sciences Inc.· Medical Specialities$971.9M
73. 73LMRILumexa Imaging Holdings Inc.· Medical Specialities$904.1M
74. 74LBRXLB Pharmaceuticals Inc· Biotechnology: Pharmaceutical Preparations$860.3M
75. 75JLHLJulong Holding Limited· Military/Government/Technical$851.3M
76. 76HCMAHCM III Acquisition Corp.· Hotels/Resorts$814.6M
77. 77INRInfinity Natural Resources Inc.· Oil & Gas Production$812.6M
78. 78EVMNEvommune Inc.· Biotechnology: Pharmaceutical Preparations$769.4M
79. 79ISOUIsoEnergy Ltd.$725.7M
80. 80YBYuanbao Inc.· Specialty Insurers$699.5M
81. 81MNTNMNTN Inc.· Advertising$651.5M
82. 82BBNXBeta Bionics Inc.· Medical/Dental Instruments$618.5M
83. 83NPBNorthpointe Bancshares Inc.· Major Banks$617.3M
84. 84ANGXAngel Studios Inc.· Movies/Entertainment$596.5M
85. 85AGCCAgencia Comercial Spirits Ltd· Beverages (Production/Distribution)$581.7M
86. 86IPODDune Acquisition Corporation II· Blank Checks$565.2M
87. 87GEMIGemini Space Station Inc.· Investment Bankers/Brokers/Service$561.9M
88. 88MSIFMSC Income Fund Inc.· Finance/Investors Services$535.1M
89. 89SKBLSkyline Builders Group Holding Limited· Engineering & Construction$459.4M
90. 90APXTApex Treasury Corporation· Computer Software: Prepackaged Software$446.0M
91. 91CBKCommercial Bancgroup Inc.· Major Banks$429.7M
92. 92CMDBCostamare Bulkers Holdings Limited· Marine Transportation$408.6M
93. 93AVBCAvidia Bancorp Inc.· Banks$404.3M
94. 94BRCBBlack Rock Coffee Bar Inc.· Restaurants$386.4M
95. 95GLOOGloo Holdings Inc.· EDP Services$385.1M
96. 96SIShoulder Innovations Inc.· Medical/Dental Instruments$384.7M
97. 97TACOBerto Acquisition Corp.· Blank Checks$378.6M
98. 98IGACInvest Green Acquisition Corporation· Blank Checks$367.1M
99. 99PHOEPhoenix Asia Holdings Limited· Engineering & Construction$345.6M
100. 100CVCapsoVision Inc.· Biotechnology: Electromedical & Electrotherapeutic Apparatus$330.3M
101. 101AIIAmerican Integrity Insurance Group Inc.· Property-Casualty Insurers$328.3M
102. 102COSOCoastalSouth Bancshares Inc.· Major Banks$318.7M
103. 103BUUUBUUU Group Limited· Services-Misc. Amusement & Recreation$310.2M
104. 104ASPCA SPAC III Acquisition Corp.· Blank Checks$283.9M
105. 105CARLCarlsmed Inc.· Medical/Dental Instruments$273.8M
106. 106GIWGigCapital8 Corp.$269.0M
107. 107FJETStarfighters Space Inc.· Air Freight/Delivery Services$259.0M
108. 108AIROAIRO Group Holdings Inc.· Aerospace$251.3M
109. 109APACStoneBridge Acquisition II Corporation$247.8M
110. 110BQBoqii Holding Limited· Other Specialty Stores$234.1M
111. 111BGINBgin Blockchain Limited· Finance: Consumer Services$228.5M
112. 112TIITitan Mining Corporation$212.3M
113. 113EGGEnigmatig Limited· Professional Services$208.0M
114. 114BZAIBlaize Holdings Inc.· Blank Checks$200.6M
115. 115LWACLightWave Acquisition Corp.· Blank Checks$197.6M
116. 116TDACTranslational Development Acquisition Corp.$181.2M
117. 117MLACMountain Lake Acquisition Corp.· Auto Manufacturing$180.6M
118. 118TGENTecogen Inc.· Industrial Machinery/Components$180.4M
119. 119VIAVia Transportation Inc.· Computer Software: Prepackaged Software$176.0M
120. 120OMSEOMS Energy Technologies Inc.· Oil and Gas Field Machinery$172.3M
121. 121LIONLionsgate Studios Corp· Movies/Entertainment$157.7M
122. 122YMTYimutian Inc.· EDP Services$157.2M
123. 123ANTAAntalpha Platform Holding Company· Investment Bankers/Brokers/Service$156.9M
124. 124YDDLOne and One Green Technologies. Inc· Industrial Specialties$148.5M
125. 125CTWCTW Cayman· EDP Services$144.8M
126. 126VINCVincerx Pharma Inc.· Biotechnology: Pharmaceutical Preparations$143.2M
127. 127BMHLBluemount Holdings Limited· Finance: Consumer Services$136.1M
128. 128HYNEHoyne Bancorp Inc.· Banks$134.3M
129. 129WTFWaton Financial Limited· Investment Bankers/Brokers/Service$133.6M
130. 130BRRProCap Financial Inc.· Finance: Consumer Services$133.1M
131. 131SMJFSMJ International Holdings Inc.· RETAIL: Building Materials$130.5M
132. 132LUDLuda Technology Group Limited· Steel/Iron Ore$124.8M
133. 133MENSJyong Biotech Ltd.· Biotechnology: Pharmaceutical Preparations$118.6M
134. 134YOOVConcorde International Group Ltd· Diversified Commercial Services$118.4M
135. 135FGMCFG Merger II Corp.$105.5M
136. 136MBMasterBeef Group· Restaurants$98.5M
137. 137AGHAureus Greenway Holdings Inc.· Hotels/Resorts$93.5M
138. 138AARDAardvark Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$85.7M
139. 139PARKPark Dental Partners Inc.· Misc Health and Biotechnology Services$82.4M
140. 140WSTNWestin Acquisition Corp$81.2M
141. 141STAKSTAK Inc.· Oil and Gas Field Machinery$77.0M
142. 142HCHLHappy City Holdings Limited· Restaurants$76.1M
143. 143BLUWBlue Water Acquisition Corp. III$74.8M
144. 144FATNFatPipe Inc.· Computer Software: Prepackaged Software$74.2M
145. 145PEWGrabAGun Digital Holdings Inc.· Other Specialty Stores$72.6M
146. 146AHMAAmbitions Enterprise Management Co. L.L.C· Services-Misc. Amusement & Recreation$70.4M
147. 147ANPARich Sparkle Holdings Limited· Other Consumer Services$69.5M
148. 148JFBJFB Construction Holdings· General Bldg Contractors - Nonresidential Bldgs$69.0M
149. 149OTHOff The Hook YS Inc.· Marine Transportation$62.6M
150. 150MCRPMicropolis AI Robotics· Auto Parts:O.E.M.$60.7M
151. 151NPTTexxon Holding Limited· Specialty Chemicals$60.6M
152. 152TGEThe Generation Essentials Group· Newspapers/Magazines$60.1M
153. 153ENGSEnergys Group Limited· Engineering & Construction$58.1M
154. 154LFSLEIFRAS Co. Ltd.· Other Consumer Services$55.5M
155. 155WXMWF International Limited· Engineering & Construction$54.7M
156. 156SORAAsiaStrategy· Other Specialty Stores$54.2M
157. 157PNSkycorp Solar Group Limited· Retail: Computer Software & Peripheral Equipment$51.7M
158. 158PLUTPlutus Financial Group Limited· Investment Bankers/Brokers/Service$47.4M
159. 159PCLAPicoCELA Inc.· Building Products$46.2M
160. 160TJGCTJGC Group Limited· Advertising$44.4M
161. 161PFAIPinnacle Food Group Limited· Farming/Seeds/Milling$44.1M
162. 162RYETRuanyun Edai Technology Inc.· Computer Software: Prepackaged Software$41.8M
163. 163ELWTElauwit Connection Inc.· Telecommunications Equipment$38.6M
164. 164RCTRedCloud Holdings plc· Computer Software: Programming Data Processing$36.9M
165. 165NSRXNasus Pharma Ltd.· Biotechnology: Pharmaceutical Preparations$36.0M
166. 166GRANGrande Group Limited· Finance: Consumer Services$35.9M
167. 167ATHRAether Holdings Inc.· Computer Software: Prepackaged Software$35.8M
168. 168ZYBTZhengye Biotechnology Holding Limited· Biotechnology: Pharmaceutical Preparations$35.5M
169. 169SLGBSmart Logistics Global Limited· Integrated Freight & Logistics$30.5M
170. 170FLDFold Holdings Inc.· Finance: Consumer Services$28.9M
171. 171REEDReed's Inc.$28.6M
172. 172TOPPToppoint Holdings Inc.· Trucking Freight/Courier Services$28.4M
173. 173RYOJrYojbaba Co. Ltd.· Professional Services$28.0M
174. 174VNTGVantage Corp· Integrated Freight & Logistics$27.1M
175. 175ETSElite Express Holding Inc.· Trucking Freight/Courier Services$26.7M
176. 176DGNXDiginex Limited· EDP Services$26.2M
177. 177BLIVBeLive Holdings· EDP Services$26.0M
178. 178UFGUni-Fuels Holdings Limited· Oil Refining/Marketing$25.4M
179. 179ACCLAcco Group Holdings Limited· Professional Services$23.1M
180. 180RGNTRegentis Biomaterials Ltd.· Biotechnology: Pharmaceutical Preparations$22.2M
181. 181MWYNMarwynn Holdings Inc.· Food Distributors$20.8M
182. 182KMRKK-Tech Solutions Company Limited· Recreational Games/Products/Toys$20.7M
183. 183FOFOHang Feng Technology Innovation Co. Ltd.· Professional Services$19.8M
184. 184CANGCango Inc.· Computer Software: Prepackaged Software$19.7M
185. 185CCHHCCH Holdings Ltd· Restaurants$19.6M
186. 186ZTGZenta Group Company Limited· Professional Services$18.8M
187. 187EPSMEpsium Enterprise Limited· Beverages (Production/Distribution)$18.3M
188. 188PMIPicard Medical Inc.· Medical/Dental Instruments$18.2M
189. 189DBGIDigital Brands Group Inc.· Clothing/Shoe/Accessory Stores$17.1M
190. 190TMDETMD Energy Limited· Oil Refining/Marketing$17.1M
191. 191APUSApimeds Pharmaceuticals US Inc.· Biotechnology: Pharmaceutical Preparations$16.4M
192. 192HKPDCellyan Biotechnology Co. Ltd· Other Pharmaceuticals$16.3M
193. 193THHTryHard Holdings Limited· Services-Misc. Amusement & Recreation$16.1M
194. 194LGPSLogProstyle Inc.· Homebuilding$16.1M
195. 195CHOWChowChow Cloud International Holdings Limited· Computer Software: Prepackaged Software$15.4M
196. 196WFFWF Holding Limited· Miscellaneous manufacturing industries$15.4M
197. 197TBHBrag House Holdings Inc.· Services-Misc. Amusement & Recreation$14.8M
198. 198KNRXKNOREX LTD.· Computer Software: Programming Data Processing$14.1M
199. 199TLIHTen-League International Holdings Limited$13.7M
200. 200YMATJ-Star Holding Co. Ltd.· Recreational Games/Products/Toys$12.4M
201. 201SAGTSAGTEC GLOBAL LIMITED· Computer Software: Prepackaged Software$12.4M
202. 202TGHLThe GrowHub Limited· EDP Services$12.3M
203. 203LZMHLZ Technology Holdings Limited· EDP Services$12.1M
204. 204LHAILinkhome Holdings Inc.· Real Estate$12.0M
205. 205CUPRCuprina Holdings (Cayman) Limited· Biotechnology: Pharmaceutical Preparations$11.7M
206. 206BMGLBasel Medical Group Ltd· Medical/Nursing Services$11.6M
207. 207ELOGEastern International Ltd.· Integrated Freight & Logistics$11.0M
208. 208DKIDarkIris Inc.· Computer Software: Prepackaged Software$10.6M
209. 209OFALOFA Group· Military/Government/Technical$10.3M
210. 210POASPhaos Technology Holdings (Cayman) Limited· Industrial Machinery/Components$10.2M
211. 211POMPOMDOCTOR LIMITED· Other Specialty Stores$9.6M
212. 212EDHLEverbright Digital Holding Limited· Advertising$9.3M
213. 213TDICDreamland Limited· Other Consumer Services$9.3M
214. 214FTRKFAST TRACK GROUP· Package Goods/Cosmetics$8.9M
215. 215HCAIHuachen AI Parking Management Technology Holding Co. Ltd.· Miscellaneous manufacturing industries$8.9M
216. 216WGRXWellgistics Health Inc.· Other Pharmaceuticals$8.5M
217. 217ADVBAdvanced Biomed Inc.· Medical Specialities$8.4M
218. 218WETOWetour Robotics Limited· Other Transportation$8.3M
219. 219CRECre8 Enterprise Limited· Publishing$8.2M
220. 220MSGYMasonglory Limited$8.1M
221. 221IOTRiOThree Limited· Telecommunications Equipment$8.0M
222. 222CURXCuranex Pharmaceuticals Inc· Biotechnology: Pharmaceutical Preparations$7.9M
223. 223FBGLFBS Global Limited· Miscellaneous manufacturing industries$7.6M
224. 224MIMIMint Incorporation Limited· Real Estate$7.3M
225. 225AGRZAgroz Inc.· Farming/Seeds/Milling$7.1M
226. 226CYCUCycurion Inc.· EDP Services$6.8M
227. 227DLXYDelixy Holdings Limited· Oil Refining/Marketing$6.3M
228. 228HXHXHaoxin Holdings Limited· Trucking Freight/Courier Services$6.3M
229. 229LHSWLianhe Sowell International Group Ltd· Computer Software: Prepackaged Software$6.2M
230. 230XHLDTEN Holdings Inc.· Real Estate$5.6M
231. 231NCTIntercont (Cayman) Limited· Restaurants$5.1M
232. 232DXSTDecent Holding Inc· Miscellaneous$4.9M
233. 233MASK3 E Network Technology Group Ltd· EDP Services$4.8M
234. 234JEM707 Cayman Holdings Limited· Clothing/Shoe/Accessory Stores$4.6M
235. 235FMFCKandal M Venture Limited· Apparel$4.5M
236. 236CJMBCallan JMB Inc.· Real Estate$4.1M
237. 237RPGLRepublic Power Group Limited· Computer Software: Prepackaged Software$2.5M
238. 238MGNMegan Holdings Limited· Farming/Seeds/Milling$2.3M
239. 239INLFINLIF LIMITED· Industrial Machinery/Components$2.2M
240. 240BIYABaiya International Group Inc.· Diversified Commercial Services$943,813
241. 241FCHLFitness Champs Holdings Limited· Services-Misc. Amusement & Recreation$51,378
242. 242RANGRange Capital Acquisition Corp.-
243. 243RIBBRibbon Acquisition Corp-
244. 244AIFEAifeex Nexus Acquisition Corporation-
245. 245WTGWintergreen Acquisition Corp.· Blank Checks-
246. 246KCHVKochav Defense Acquisition Corp.-
247. 247MJIDMajestic Ideal Holdings Ltd· Apparel-
248. 248GTERAGloba Terra Acquisition Corporation· Blank Checks-
249. 249YORKYorkville Acquisition Corp.· Electric Utilities: Central-
250. 250INACIndigo Acquisition Corp.-