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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$130.92B
  2. 2CRWVCoreWeave Inc.· Computer Software: Prepackaged Software$52.16B
  3. 3MDLNMedline Inc.· Medical/Dental Instruments$48.00B
  4. 4QQnity Electronics Inc.· Semiconductors$29.25B
  5. 5AMRZAmrize Ltd· Building Materials$27.96B
  6. 6CRCLCircle Internet Group Inc.· Finance: Consumer Services$19.62B
  7. 7ETSYEtsy Inc.· Real Estate$18.50B
  8. 8EMAEmera Incorporated· Electric Utilities: Central$15.97B
  9. 9JBSJBS N.V.· Meat/Poultry/Fish$12.88B
  10. 10JHXJames Hardie Industries plc.· Building Materials$12.77B
  11. 11KLARKlarna Group plc· Finance: Consumer Services$11.14B
  12. 12MICCThe Magnum Ice Cream Company N.V.· Specialty Foods$10.87B
  13. 13SFDSmithfield Foods Inc.· Meat/Poultry/Fish$10.56B
  14. 14FIGFigma Inc.· Computer Software: Prepackaged Software$10.46B
  15. 15CIBGrupo Cibest S.A.· Commercial Banks$9.66B
  16. 16LGNLegence Corp.· Engineering & Construction$8.72B
  17. 17RALRalliant Corporation· Industrial Machinery/Components$6.99B
  18. 18CHYMChime Financial Inc.· Finance: Consumer Services$6.26B
  19. 19FIGRFigure Technology Solutions Inc.· Finance: Consumer Services$6.19B
  20. 20KRMNKarman Holdings Inc.· Military/Government/Technical$6.08B
  21. 21VGVenture Global Inc.· Oil/Gas Transmission$5.29B
  22. 22NAVNNavan Inc.· Computer Software: Prepackaged Software$5.27B
  23. 23OTFBlue Owl Technology Finance Corp.$5.12B
  24. 24ALHAlliance Laundry Holdings Inc.· Industrial Machinery/Components$4.99B
  25. 25HNGEHinge Health Inc.· EDP Services$4.80B
  26. 26MRPMillrose Properties Inc.· Real Estate$4.78B
  27. 27BLLNBillionToOne Inc.· Medical Specialities$4.57B
  28. 28FRMIFermi Inc.· Real Estate Investment Trusts$4.39B
  29. 29ANDGAndersen Group Inc.· Real Estate$4.16B
  30. 30BLSHBullish· Finance: Consumer Services$3.92B
  31. 31MIAXMiami International Holdings Inc.· Investment Bankers/Brokers/Service$3.87B
  32. 32STUBStubHub Holdings Inc.· Services-Misc. Amusement & Recreation$3.81B
  33. 33WBIWaterBridge Infrastructure LLC· Oilfield Services/Equipment$3.73B
  34. 34NPNeptune Insurance Holdings Inc.· Specialty Insurers$3.73B
  35. 35PTRNPattern Group Inc.· Catalog/Specialty Distribution$3.65B
  36. 36BETABeta Technologies Inc.· Aerospace$3.63B
  37. 37XXITwenty One Capital Inc.· Finance: Consumer Services$3.48B
  38. 38NTSKNetskope Inc.· Computer Software: Prepackaged Software$3.42B
  39. 39SAILSailPoint Inc.· Computer Software: Prepackaged Software$3.40B
  40. 40AAUCAllied Gold Corporation$3.16B
  41. 41ARXAccelerant Holdings· Specialty Insurers$3.08B
  42. 42ETOReToro Group Ltd.· Investment Bankers/Brokers/Service$3.04B
  43. 43TTAMTitan America SA· Mining & Quarrying of Nonmetallic Minerals (No Fuels)$2.89B
  44. 44CDNLCardinal Infrastructure Group Inc.· Military/Government/Technical$2.62B
  45. 45HTFLHeartflow Inc.· Medical/Dental Instruments$2.54B
  46. 46NIQNIQ Global Intelligence plc· Computer Software: Programming Data Processing$2.46B
  47. 47VOYGVoyager Technologies Inc.· Military/Government/Technical$2.45B
  48. 48MHMcGraw Hill Inc.· Publishing$2.44B
  49. 49NNNNAnbio Biotechnology· Biotechnology: In Vitro & In Vivo Diagnostic Substances$2.36B
  50. 50AEROGrupo Aeromexico S.A.B. de C.V.· Air Freight/Delivery Services$2.35B
  51. 51FLOCFlowco Holdings Inc.· Oil and Gas Field Machinery$2.17B
  52. 52WOLFWolfspeed Inc.· Semiconductors$2.10B
  53. 53ACVAACV Auctions Inc.· Real Estate$1.96B
  54. 54SLDESlide Insurance Holdings Inc.· Property-Casualty Insurers$1.96B
  55. 55GSATGlobalstar Inc.· Telecommunications Equipment$1.86B
  56. 56SMASmartStop Self Storage REIT Inc.· Real Estate Investment Trusts$1.82B
  57. 57AMBQAmbiq Micro Inc.· Semiconductors$1.61B
  58. 58AAPGAscentage Pharma Group International· Biotechnology: Pharmaceutical Preparations$1.59B
  59. 59SIONSionna Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$1.54B
  60. 60WLTHWealthfront Corporation· Finance: Consumer Services$1.34B
  61. 61MAZEMaze Therapeutics Inc.· Biotechnology: Biological Products (No Diagnostic Substances)$1.31B
  62. 62MPLTMapLight Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$1.26B
  63. 63XZOExzeo Group Inc.· Property-Casualty Insurers$1.21B
  64. 64MGRTMega Fortune Company Limited· EDP Services$1.18B
  65. 65NMAXNewsmax Inc.· Broadcasting$1.16B
  66. 66KMTSKestra Medical Technologies Ltd.· Medical/Dental Instruments$1.13B
  67. 67PXEDPhoenix Education Partners Inc.· Other Consumer Services$1.11B
  68. 68DECDiversified Energy Company$1.10B
  69. 69OMDAOmada Health Inc.· Medical/Nursing Services$1.02B
  70. 70ASICAtegrity Specialty Insurance Company Holdings· Property-Casualty Insurers$1.01B
  71. 71CAICaris Life Sciences Inc.· Medical Specialities$971.9M
  72. 72WYFIWhiteFiber Inc.· Finance: Consumer Services$881.2M
  73. 73INRInfinity Natural Resources Inc.· Oil & Gas Production$880.6M
  74. 74LMRILumexa Imaging Holdings Inc.· Medical Specialities$868.6M
  75. 75LBRXLB Pharmaceuticals Inc· Biotechnology: Pharmaceutical Preparations$814.1M
  76. 76HCMAHCM III Acquisition Corp.· Hotels/Resorts$811.4M
  77. 77YBYuanbao Inc.· Specialty Insurers$776.0M
  78. 78EVMNEvommune Inc.· Biotechnology: Pharmaceutical Preparations$738.0M
  79. 79MNTNMNTN Inc.· Advertising$665.5M
  80. 80NPBNorthpointe Bancshares Inc.· Major Banks$623.2M
  81. 81BBNXBeta Bionics Inc.· Medical/Dental Instruments$611.4M
  82. 82IPODDune Acquisition Corporation II· Blank Checks$565.2M
  83. 83ISOUIsoEnergy Ltd.$564.5M
  84. 84AGCCAgencia Comercial Spirits Ltd· Beverages (Production/Distribution)$560.8M
  85. 85JLHLJulong Holding Limited· Military/Government/Technical$538.8M
  86. 86MSIFMSC Income Fund Inc.· Finance/Investors Services$536.0M
  87. 87ANGXAngel Studios Inc.· Movies/Entertainment$529.4M
  88. 88GEMIGemini Space Station Inc.· Investment Bankers/Brokers/Service$515.3M
  89. 89APXTApex Treasury Corporation· Computer Software: Prepackaged Software$446.0M
  90. 90CBKCommercial Bancgroup Inc.· Major Banks$423.6M
  91. 91SKBLSkyline Builders Group Holding Limited· Engineering & Construction$419.0M
  92. 92CMDBCostamare Bulkers Holdings Limited· Marine Transportation$416.9M
  93. 93AVBCAvidia Bancorp Inc.· Banks$402.9M
  94. 94GLOOGloo Holdings Inc.· EDP Services$386.5M
  95. 95TACOBerto Acquisition Corp.· Blank Checks$378.6M
  96. 96SIShoulder Innovations Inc.· Medical/Dental Instruments$371.0M
  97. 97IGACInvest Green Acquisition Corporation· Blank Checks$367.1M
  98. 98CVCapsoVision Inc.· Biotechnology: Electromedical & Electrotherapeutic Apparatus$361.7M
  99. 99FJETStarfighters Space Inc.· Air Freight/Delivery Services$357.8M
  100. 100PHOEPhoenix Asia Holdings Limited· Engineering & Construction$334.8M
  101. 101AIIAmerican Integrity Insurance Group Inc.· Property-Casualty Insurers$333.0M
  102. 102BRCBBlack Rock Coffee Bar Inc.· Restaurants$322.9M
  103. 103COSOCoastalSouth Bancshares Inc.· Major Banks$320.3M
  104. 104CARLCarlsmed Inc.· Medical/Dental Instruments$311.3M
  105. 105ASPCA SPAC III Acquisition Corp.· Blank Checks$283.9M
  106. 106BGINBgin Blockchain Limited· Finance: Consumer Services$276.1M
  107. 107BUUUBUUU Group Limited· Services-Misc. Amusement & Recreation$272.0M
  108. 108GIWGigCapital8 Corp.$269.0M
  109. 109YMTYimutian Inc.· EDP Services$266.2M
  110. 110AIROAIRO Group Holdings Inc.· Aerospace$250.3M
  111. 111APACStoneBridge Acquisition II Corporation$247.8M
  112. 112BQBoqii Holding Limited· Other Specialty Stores$234.1M
  113. 113BZAIBlaize Holdings Inc.· Blank Checks$214.2M
  114. 114LWACLightWave Acquisition Corp.· Blank Checks$197.6M
  115. 115OMSEOMS Energy Technologies Inc.· Oil and Gas Field Machinery$191.0M
  116. 116EGGEnigmatig Limited· Professional Services$189.3M
  117. 117TIITitan Mining Corporation$183.8M
  118. 118TDACTranslational Development Acquisition Corp.$181.2M
  119. 119MLACMountain Lake Acquisition Corp.· Auto Manufacturing$180.6M
  120. 120VIAVia Transportation Inc.· Computer Software: Prepackaged Software$176.0M
  121. 121YDDLOne and One Green Technologies. Inc· Industrial Specialties$159.7M
  122. 122ANTAAntalpha Platform Holding Company· Investment Bankers/Brokers/Service$159.3M
  123. 123TGENTecogen Inc.· Industrial Machinery/Components$159.2M
  124. 124LIONLionsgate Studios Corp· Movies/Entertainment$157.7M
  125. 125BRRProCap Financial Inc.· Finance: Consumer Services$153.1M
  126. 126VINCVincerx Pharma Inc.· Biotechnology: Pharmaceutical Preparations$143.2M
  127. 127BMHLBluemount Holdings Limited· Finance: Consumer Services$140.4M
  128. 128SMJFSMJ International Holdings Inc.· RETAIL: Building Materials$133.8M
  129. 129CTWCTW Cayman· EDP Services$132.3M
  130. 130HYNEHoyne Bancorp Inc.· Banks$131.6M
  131. 131MENSJyong Biotech Ltd.· Biotechnology: Pharmaceutical Preparations$130.8M
  132. 132WTFWaton Financial Limited· Investment Bankers/Brokers/Service$128.3M
  133. 133YOOVConcorde International Group Ltd· Diversified Commercial Services$108.7M
  134. 134MBMasterBeef Group· Restaurants$107.2M
  135. 135FGMCFG Merger II Corp.$106.8M
  136. 136STAKSTAK Inc.· Oil and Gas Field Machinery$100.1M
  137. 137AGHAureus Greenway Holdings Inc.· Hotels/Resorts$93.5M
  138. 138LUDLuda Technology Group Limited· Steel/Iron Ore$91.0M
  139. 139FATNFatPipe Inc.· Computer Software: Prepackaged Software$86.8M
  140. 140ANPARich Sparkle Holdings Limited· Other Consumer Services$86.1M
  141. 141WSTNWestin Acquisition Corp$81.2M
  142. 142PARKPark Dental Partners Inc.· Misc Health and Biotechnology Services$80.6M
  143. 143JFBJFB Construction Holdings· General Bldg Contractors - Nonresidential Bldgs$80.5M
  144. 144HCHLHappy City Holdings Limited· Restaurants$77.2M
  145. 145AARDAardvark Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$75.9M
  146. 146BLUWBlue Water Acquisition Corp. III$74.7M
  147. 147PEWGrabAGun Digital Holdings Inc.· Other Specialty Stores$74.7M
  148. 148MCRPMicropolis AI Robotics· Auto Parts:O.E.M.$70.1M
  149. 149OTHOff The Hook YS Inc.· Marine Transportation$62.6M
  150. 150PCLAPicoCELA Inc.· Building Products$61.5M
  151. 151TJGCTJGC Group Limited· Advertising$56.2M
  152. 152INLFINLIF LIMITED· Industrial Machinery/Components$55.4M
  153. 153SORAAsiaStrategy· Other Specialty Stores$54.3M
  154. 154PNSkycorp Solar Group Limited· Retail: Computer Software & Peripheral Equipment$54.0M
  155. 155WXMWF International Limited· Engineering & Construction$53.3M
  156. 156NPTTexxon Holding Limited· Specialty Chemicals$52.1M
  157. 157LFSLEIFRAS Co. Ltd.· Other Consumer Services$51.3M
  158. 158ENGSEnergys Group Limited· Engineering & Construction$49.4M
  159. 159PLUTPlutus Financial Group Limited· Investment Bankers/Brokers/Service$47.6M
  160. 160AHMAAmbitions Enterprise Management Co. L.L.C· Services-Misc. Amusement & Recreation$44.6M
  161. 161PFAIPinnacle Food Group Limited· Farming/Seeds/Milling$43.7M
  162. 162ZYBTZhengye Biotechnology Holding Limited· Biotechnology: Pharmaceutical Preparations$42.7M
  163. 163TGEThe Generation Essentials Group· Newspapers/Magazines$41.2M
  164. 164ELWTElauwit Connection Inc.· Telecommunications Equipment$40.9M
  165. 165KMRKK-Tech Solutions Company Limited· Recreational Games/Products/Toys$39.2M
  166. 166ATHRAether Holdings Inc.· Computer Software: Prepackaged Software$38.4M
  167. 167RCTRedCloud Holdings plc· Computer Software: Programming Data Processing$37.3M
  168. 168FLDFold Holdings Inc.· Finance: Consumer Services$35.9M
  169. 169RYETRuanyun Edai Technology Inc.· Computer Software: Prepackaged Software$35.6M
  170. 170NSRXNasus Pharma Ltd.· Biotechnology: Pharmaceutical Preparations$35.5M
  171. 171SLGBSmart Logistics Global Limited· Integrated Freight & Logistics$34.4M
  172. 172RYOJrYojbaba Co. Ltd.· Professional Services$33.6M
  173. 173GRANGrande Group Limited· Finance: Consumer Services$33.0M
  174. 174CANGCango Inc.· Computer Software: Prepackaged Software$32.2M
  175. 175ETSElite Express Holding Inc.· Trucking Freight/Courier Services$30.2M
  176. 176DBGIDigital Brands Group Inc.· Clothing/Shoe/Accessory Stores$28.7M
  177. 177REEDReed's Inc.$28.6M
  178. 178DGNXDiginex Limited· EDP Services$28.5M
  179. 179UFGUni-Fuels Holdings Limited· Oil Refining/Marketing$27.7M
  180. 180TOPPToppoint Holdings Inc.· Trucking Freight/Courier Services$27.6M
  181. 181MWYNMarwynn Holdings Inc.· Food Distributors$26.3M
  182. 182CHOWChowChow Cloud International Holdings Limited· Computer Software: Prepackaged Software$25.9M
  183. 183BLIVBeLive Holdings· EDP Services$25.0M
  184. 184EPSMEpsium Enterprise Limited· Beverages (Production/Distribution)$24.7M
  185. 185FOFOHang Feng Technology Innovation Co. Ltd.· Professional Services$22.9M
  186. 186VNTGVantage Corp· Integrated Freight & Logistics$22.3M
  187. 187ACCLAcco Group Holdings Limited· Professional Services$21.5M
  188. 188TMDETMD Energy Limited· Oil Refining/Marketing$21.4M
  189. 189ZTGZenta Group Company Limited· Professional Services$21.3M
  190. 190APUSApimeds Pharmaceuticals US Inc.· Biotechnology: Pharmaceutical Preparations$19.5M
  191. 191PMIPicard Medical Inc.· Medical/Dental Instruments$19.5M
  192. 192LGPSLogProstyle Inc.· Homebuilding$18.8M
  193. 193THHTryHard Holdings Limited· Services-Misc. Amusement & Recreation$18.4M
  194. 194KNRXKNOREX LTD.· Computer Software: Programming Data Processing$17.9M
  195. 195POMPOMDOCTOR LIMITED· Other Specialty Stores$15.7M
  196. 196SAGTSAGTEC GLOBAL LIMITED· Computer Software: Prepackaged Software$14.1M
  197. 197YMATJ-Star Holding Co. Ltd.· Recreational Games/Products/Toys$14.0M
  198. 198TGHLThe GrowHub Limited· EDP Services$14.0M
  199. 199TBHBrag House Holdings Inc.· Services-Misc. Amusement & Recreation$14.0M
  200. 200CCHHCCH Holdings Ltd· Restaurants$13.8M
  201. 201TDICDreamland Limited· Other Consumer Services$13.6M
  202. 202LZMHLZ Technology Holdings Limited· EDP Services$13.5M
  203. 203LHAILinkhome Holdings Inc.· Real Estate$13.4M
  204. 204TLIHTen-League International Holdings Limited$12.7M
  205. 205ELOGEastern International Ltd.· Integrated Freight & Logistics$12.5M
  206. 206HXHXHaoxin Holdings Limited· Trucking Freight/Courier Services$12.1M
  207. 207WFFWF Holding Limited· Miscellaneous manufacturing industries$11.9M
  208. 208OFALOFA Group· Military/Government/Technical$11.7M
  209. 209BMGLBasel Medical Group Ltd· Medical/Nursing Services$11.0M
  210. 210FTRKFAST TRACK GROUP· Package Goods/Cosmetics$10.9M
  211. 211HCAIHuachen AI Parking Management Technology Holding Co. Ltd.· Miscellaneous manufacturing industries$10.7M
  212. 212DKIDarkIris Inc.· Computer Software: Prepackaged Software$10.6M
  213. 213HKPDCellyan Biotechnology Co. Ltd· Other Pharmaceuticals$10.6M
  214. 214DLXYDelixy Holdings Limited· Oil Refining/Marketing$10.1M
  215. 215POASPhaos Technology Holdings (Cayman) Limited· Industrial Machinery/Components$10.0M
  216. 216LHSWLianhe Sowell International Group Ltd· Computer Software: Prepackaged Software$9.9M
  217. 217WGRXWellgistics Health Inc.· Other Pharmaceuticals$9.4M
  218. 218WETOWetour Robotics Limited· Other Transportation$9.3M
  219. 219CURXCuranex Pharmaceuticals Inc· Biotechnology: Pharmaceutical Preparations$9.2M
  220. 220RGNTRegentis Biomaterials Ltd.· Biotechnology: Pharmaceutical Preparations$9.1M
  221. 221MSGYMasonglory Limited$8.1M
  222. 222IOTRiOThree Limited· Telecommunications Equipment$7.9M
  223. 223FMFCKandal M Venture Limited· Apparel$7.8M
  224. 224CYCUCycurion Inc.· EDP Services$7.7M
  225. 225MIMIMint Incorporation Limited· Real Estate$7.6M
  226. 226FBGLFBS Global Limited· Miscellaneous manufacturing industries$7.5M
  227. 227ADVBAdvanced Biomed Inc.· Medical Specialities$6.4M
  228. 228MASK3 E Network Technology Group Ltd· EDP Services$6.3M
  229. 229CRECre8 Enterprise Limited· Publishing$6.3M
  230. 230CUPRCuprina Holdings (Cayman) Limited· Biotechnology: Pharmaceutical Preparations$6.1M
  231. 231AGRZAgroz Inc.· Farming/Seeds/Milling$5.9M
  232. 232EDHLEverbright Digital Holding Limited· Advertising$5.8M
  233. 233DXSTDecent Holding Inc· Miscellaneous$5.0M
  234. 234XHLDTEN Holdings Inc.· Real Estate$4.9M
  235. 235NCTIntercont (Cayman) Limited· Restaurants$4.9M
  236. 236CJMBCallan JMB Inc.· Real Estate$4.3M
  237. 237JEM707 Cayman Holdings Limited· Clothing/Shoe/Accessory Stores$3.5M
  238. 238BIYABaiya International Group Inc.· Diversified Commercial Services$2.8M
  239. 239RPGLRepublic Power Group Limited· Computer Software: Prepackaged Software$2.6M
  240. 240MGNMegan Holdings Limited· Farming/Seeds/Milling$2.3M
  241. 241FCHLFitness Champs Holdings Limited· Services-Misc. Amusement & Recreation$52,134
  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.-