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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$137.58B
  2. 2MDLNMedline Inc.· Medical/Dental Instruments$47.24B
  3. 3CRWVCoreWeave Inc.· Computer Software: Prepackaged Software$36.28B
  4. 4QQnity Electronics Inc.· Semiconductors$25.44B
  5. 5CIBGrupo Cibest S.A.· Commercial Banks$23.10B
  6. 6CRCLCircle Internet Group Inc.· Finance: Consumer Services$20.20B
  7. 7AMRZAmrize Ltd· Building Materials$19.85B
  8. 8ETSYEtsy Inc.· Real Estate$18.50B
  9. 9EMAEmera Incorporated· Electric Utilities: Central$14.43B
  10. 10JHXJames Hardie Industries plc.· Building Materials$14.27B
  11. 11JBSJBS N.V.· Meat/Poultry/Fish$13.94B
  12. 12FIGFigma Inc.· Computer Software: Prepackaged Software$11.45B
  13. 13MICCThe Magnum Ice Cream Company N.V.· Specialty Foods$11.14B
  14. 14CHYMChime Financial Inc.· Finance: Consumer Services$10.98B
  15. 15KLARKlarna Group plc· Finance: Consumer Services$9.29B
  16. 16HNGEHinge Health Inc.· EDP Services$8.47B
  17. 17NTSKNetskope Inc.· Computer Software: Prepackaged Software$8.19B
  18. 18RALRalliant Corporation· Industrial Machinery/Components$7.73B
  19. 19SFDSmithfield Foods Inc.· Meat/Poultry/Fish$7.21B
  20. 20ANDGAndersen Group Inc.· Real Estate$6.47B
  21. 21NAVNNavan Inc.· Computer Software: Prepackaged Software$6.25B
  22. 22FIGRFigure Technology Solutions Inc.· Finance: Consumer Services$5.62B
  23. 23NIQNIQ Global Intelligence plc· Computer Software: Programming Data Processing$5.38B
  24. 24VGVenture Global Inc.· Oil/Gas Transmission$5.29B
  25. 25LGNLegence Corp.· Engineering & Construction$4.85B
  26. 26BLSHBullish· Finance: Consumer Services$4.85B
  27. 27BLLNBillionToOne Inc.· Medical Specialities$4.62B
  28. 28HTFLHeartflow Inc.· Medical/Dental Instruments$4.30B
  29. 29ARXAccelerant Holdings· Specialty Insurers$4.29B
  30. 30OTFBlue Owl Technology Finance Corp.$4.19B
  31. 31BETABeta Technologies Inc.· Aerospace$4.14B
  32. 32ALHAlliance Laundry Holdings Inc.· Industrial Machinery/Components$4.12B
  33. 33KRMNKarman Holdings Inc.· Military/Government/Technical$3.99B
  34. 34NPNeptune Insurance Holdings Inc.· Specialty Insurers$3.90B
  35. 35WBIWaterBridge Infrastructure LLC· Oilfield Services/Equipment$3.68B
  36. 36MRPMillrose Properties Inc.· Real Estate$3.52B
  37. 37SAILSailPoint Inc.· Computer Software: Prepackaged Software$3.40B
  38. 38XXITwenty One Capital Inc.· Finance: Consumer Services$3.37B
  39. 39PTRNPattern Group Inc.· Catalog/Specialty Distribution$3.07B
  40. 40SLDESlide Insurance Holdings Inc.· Property-Casualty Insurers$3.00B
  41. 41MIAXMiami International Holdings Inc.· Investment Bankers/Brokers/Service$2.95B
  42. 42AAUCAllied Gold Corporation$2.70B
  43. 43MHMcGraw Hill Inc.· Publishing$2.54B
  44. 44TTAMTitan America SA· Mining & Quarrying of Nonmetallic Minerals (No Fuels)$2.41B
  45. 45AEROGrupo Aeromexico S.A.B. de C.V.· Air Freight/Delivery Services$2.34B
  46. 46STUBStubHub Holdings Inc.· Services-Misc. Amusement & Recreation$2.13B
  47. 47FRMIFermi Inc.· Real Estate Investment Trusts$2.03B
  48. 48ETOReToro Group Ltd.· Investment Bankers/Brokers/Service$1.97B
  49. 49ACVAACV Auctions Inc.· Real Estate$1.96B
  50. 50GSATGlobalstar Inc.· Telecommunications Equipment$1.86B
  51. 51SMASmartStop Self Storage REIT Inc.· Real Estate Investment Trusts$1.80B
  52. 52FLOCFlowco Holdings Inc.· Oil and Gas Field Machinery$1.67B
  53. 53WLTHWealthfront Corporation· Finance: Consumer Services$1.63B
  54. 54VOYGVoyager Technologies Inc.· Military/Government/Technical$1.60B
  55. 55KMTSKestra Medical Technologies Ltd.· Medical/Dental Instruments$1.52B
  56. 56MAZEMaze Therapeutics Inc.· Biotechnology: Biological Products (No Diagnostic Substances)$1.46B
  57. 57MGRTMega Fortune Company Limited· EDP Services$1.43B
  58. 58XZOExzeo Group Inc.· Property-Casualty Insurers$1.43B
  59. 59AAPGAscentage Pharma Group International· Biotechnology: Pharmaceutical Preparations$1.39B
  60. 60WOLFWolfspeed Inc.· Semiconductors$1.30B
  61. 61ASICAtegrity Specialty Insurance Company Holdings· Property-Casualty Insurers$1.25B
  62. 62AMBQAmbiq Micro Inc.· Semiconductors$1.25B
  63. 63NMAXNewsmax Inc.· Broadcasting$1.20B
  64. 64DECDiversified Energy Company$1.13B
  65. 65OMDAOmada Health Inc.· Medical/Nursing Services$1.12B
  66. 66LBRXLB Pharmaceuticals Inc· Biotechnology: Pharmaceutical Preparations$1.10B
  67. 67LMRILumexa Imaging Holdings Inc.· Medical Specialities$1.01B
  68. 68CAICaris Life Sciences Inc.· Medical Specialities$971.9M
  69. 69BBNXBeta Bionics Inc.· Medical/Dental Instruments$888.1M
  70. 70AGCCAgencia Comercial Spirits Ltd· Beverages (Production/Distribution)$873.6M
  71. 71PXEDPhoenix Education Partners Inc.· Other Consumer Services$857.6M
  72. 72INRInfinity Natural Resources Inc.· Oil & Gas Production$842.9M
  73. 73BUUUBUUU Group Limited· Services-Misc. Amusement & Recreation$808.9M
  74. 74CDNLCardinal Infrastructure Group Inc.· Military/Government/Technical$798.0M
  75. 75MNTNMNTN Inc.· Advertising$703.1M
  76. 76ANGXAngel Studios Inc.· Movies/Entertainment$659.2M
  77. 77IPODDune Acquisition Corporation II· Blank Checks$565.2M
  78. 78AIIAmerican Integrity Insurance Group Inc.· Property-Casualty Insurers$539.8M
  79. 79NPBNorthpointe Bancshares Inc.· Major Banks$537.4M
  80. 80ISOUIsoEnergy Ltd.$534.3M
  81. 81MSIFMSC Income Fund Inc.· Finance/Investors Services$525.6M
  82. 82NNNNAnbio Biotechnology· Biotechnology: In Vitro & In Vivo Diagnostic Substances$513.7M
  83. 83YBYuanbao Inc.· Specialty Insurers$513.3M
  84. 84MPLTMapLight Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$505.9M
  85. 85GEMIGemini Space Station Inc.· Investment Bankers/Brokers/Service$501.8M
  86. 86WYFIWhiteFiber Inc.· Finance: Consumer Services$494.5M
  87. 87CMDBCostamare Bulkers Holdings Limited· Marine Transportation$494.0M
  88. 88SKBLSkyline Builders Group Holding Limited· Engineering & Construction$459.4M
  89. 89APXTApex Treasury Corporation· Computer Software: Prepackaged Software$446.0M
  90. 90AVBCAvidia Bancorp Inc.· Banks$437.1M
  91. 91CBKCommercial Bancgroup Inc.· Major Banks$425.7M
  92. 92HCMAHCM III Acquisition Corp.· Hotels/Resorts$399.8M
  93. 93PHOEPhoenix Asia Holdings Limited· Engineering & Construction$382.5M
  94. 94TACOBerto Acquisition Corp.· Blank Checks$381.6M
  95. 95CARLCarlsmed Inc.· Medical/Dental Instruments$378.1M
  96. 96SIShoulder Innovations Inc.· Medical/Dental Instruments$372.0M
  97. 97IGACInvest Green Acquisition Corporation· Blank Checks$367.1M
  98. 98BRCBBlack Rock Coffee Bar Inc.· Restaurants$361.5M
  99. 99BRRProCap Financial Inc.· Finance: Consumer Services$359.7M
  100. 100CVCapsoVision Inc.· Biotechnology: Electromedical & Electrotherapeutic Apparatus$353.2M
  101. 101TJGCTJGC Group Limited· Advertising$322.1M
  102. 102COSOCoastalSouth Bancshares Inc.· Major Banks$317.0M
  103. 103GLOOGloo Holdings Inc.· EDP Services$314.0M
  104. 104ASPCA SPAC III Acquisition Corp.· Blank Checks$283.9M
  105. 105GIWGigCapital8 Corp.$269.0M
  106. 106APACStoneBridge Acquisition II Corporation$247.8M
  107. 107BQBoqii Holding Limited· Other Specialty Stores$234.1M
  108. 108BGINBgin Blockchain Limited· Finance: Consumer Services$229.7M
  109. 109EVMNEvommune Inc.· Biotechnology: Pharmaceutical Preparations$209.4M
  110. 110LWACLightWave Acquisition Corp.· Blank Checks$197.6M
  111. 111ENGSEnergys Group Limited· Engineering & Construction$191.8M
  112. 112TIITitan Mining Corporation$191.0M
  113. 113SIONSionna Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$184.9M
  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. 117OMSEOMS Energy Technologies Inc.· Oil and Gas Field Machinery$171.7M
  118. 118AIROAIRO Group Holdings Inc.· Aerospace$171.3M
  119. 119LIONLionsgate Studios Corp· Movies/Entertainment$157.7M
  120. 120MENSJyong Biotech Ltd.· Biotechnology: Pharmaceutical Preparations$155.9M
  121. 121CANGCango Inc.· Computer Software: Prepackaged Software$150.6M
  122. 122VINCVincerx Pharma Inc.· Biotechnology: Pharmaceutical Preparations$143.2M
  123. 123HYNEHoyne Bancorp Inc.· Banks$136.4M
  124. 124EGGEnigmatig Limited· Professional Services$128.1M
  125. 125WTFWaton Financial Limited· Investment Bankers/Brokers/Service$126.9M
  126. 126CTWCTW Cayman· EDP Services$124.2M
  127. 127WSBKWinchester Bancorp Inc.$120.0M
  128. 128YOOVConcorde International Group Ltd· Diversified Commercial Services$113.7M
  129. 129JLHLJulong Holding Limited· Military/Government/Technical$102.1M
  130. 130JFBJFB Construction Holdings· General Bldg Contractors - Nonresidential Bldgs$100.0M
  131. 131AGHAureus Greenway Holdings Inc.· Hotels/Resorts$93.5M
  132. 132ETSElite Express Holding Inc.· Trucking Freight/Courier Services$92.6M
  133. 133PARKPark Dental Partners Inc.· Misc Health and Biotechnology Services$90.3M
  134. 134ANTAAntalpha Platform Holding Company· Investment Bankers/Brokers/Service$87.6M
  135. 135BMHLBluemount Holdings Limited· Finance: Consumer Services$86.3M
  136. 136FGMCFG Merger II Corp.$85.0M
  137. 137AARDAardvark Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$84.9M
  138. 138LUDLuda Technology Group Limited· Steel/Iron Ore$82.8M
  139. 139WSTNWestin Acquisition Corp$82.2M
  140. 140FJETStarfighters Space Inc.· Air Freight/Delivery Services$76.4M
  141. 141HCHLHappy City Holdings Limited· Restaurants$76.1M
  142. 142BLUWBlue Water Acquisition Corp. III$75.3M
  143. 143ZYBTZhengye Biotechnology Holding Limited· Biotechnology: Pharmaceutical Preparations$72.5M
  144. 144TGENTecogen Inc.· Industrial Machinery/Components$69.4M
  145. 145FATNFatPipe Inc.· Computer Software: Prepackaged Software$68.0M
  146. 146MBMasterBeef Group· Restaurants$67.4M
  147. 147YDDLOne and One Green Technologies. Inc· Industrial Specialties$63.3M
  148. 148OTHOff The Hook YS Inc.· Marine Transportation$62.6M
  149. 149SORAAsiaStrategy· Other Specialty Stores$61.4M
  150. 150DGNXDiginex Limited· EDP Services$58.7M
  151. 151SMJFSMJ International Holdings Inc.· RETAIL: Building Materials$57.6M
  152. 152CIGLConcorde International Group Ltd· Diversified Commercial Services$57.1M
  153. 153PCLAPicoCELA Inc.· Building Products$57.1M
  154. 154PFAIPinnacle Food Group Limited· Farming/Seeds/Milling$55.2M
  155. 155LFSLEIFRAS Co. Ltd.· Other Consumer Services$54.0M
  156. 156PEWGrabAGun Digital Holdings Inc.· Other Specialty Stores$54.0M
  157. 157NPTTexxon Holding Limited· Specialty Chemicals$48.4M
  158. 158TGEThe Generation Essentials Group· Newspapers/Magazines$41.4M
  159. 159MWYNMarwynn Holdings Inc.· Food Distributors$38.8M
  160. 160ACCLAcco Group Holdings Limited· Professional Services$37.4M
  161. 161NSRXNasus Pharma Ltd.· Biotechnology: Pharmaceutical Preparations$37.2M
  162. 162ELWTElauwit Connection Inc.· Telecommunications Equipment$36.8M
  163. 163BZAIBlaize Holdings Inc.· Blank Checks$35.3M
  164. 164AHMAAmbitions Enterprise Management Co. L.L.C· Services-Misc. Amusement & Recreation$34.8M
  165. 165ATHRAether Holdings Inc.· Computer Software: Prepackaged Software$33.5M
  166. 166PNSkycorp Solar Group Limited· Retail: Computer Software & Peripheral Equipment$32.9M
  167. 167EDHLEverbright Digital Holding Limited· Advertising$32.3M
  168. 168GRANGrande Group Limited· Finance: Consumer Services$32.1M
  169. 169KMRKK-Tech Solutions Company Limited· Recreational Games/Products/Toys$32.1M
  170. 170RYETRuanyun Edai Technology Inc.· Computer Software: Prepackaged Software$31.2M
  171. 171RYOJrYojbaba Co. Ltd.· Professional Services$31.1M
  172. 172PLUTPlutus Financial Group Limited· Investment Bankers/Brokers/Service$30.4M
  173. 173PMIPicard Medical Inc.· Medical/Dental Instruments$29.7M
  174. 174BMGLBasel Medical Group Ltd· Medical/Nursing Services$29.2M
  175. 175REEDReed's Inc.$28.6M
  176. 176FLDFold Holdings Inc.· Finance: Consumer Services$28.0M
  177. 177BLIVBeLive Holdings· EDP Services$26.6M
  178. 178ANPARich Sparkle Holdings Limited· Other Consumer Services$25.8M
  179. 179YMTYimutian Inc.· EDP Services$20.7M
  180. 180STAKSTAK Inc.· Oil and Gas Field Machinery$19.4M
  181. 181CCHHCCH Holdings Ltd· Restaurants$19.0M
  182. 182ELOGEastern International Ltd.· Integrated Freight & Logistics$18.2M
  183. 183CHOWChowChow Cloud International Holdings Limited· Computer Software: Prepackaged Software$18.0M
  184. 184TGHLThe GrowHub Limited· EDP Services$17.4M
  185. 185TLIHTen-League International Holdings Limited$17.0M
  186. 186VNTGVantage Corp· Integrated Freight & Logistics$16.6M
  187. 187FOFOHang Feng Technology Innovation Co. Ltd.· Professional Services$16.5M
  188. 188EPSMEpsium Enterprise Limited· Beverages (Production/Distribution)$16.1M
  189. 189RPGLRepublic Power Group Limited· Computer Software: Prepackaged Software$15.6M
  190. 190LGPSLogProstyle Inc.· Homebuilding$15.3M
  191. 191CUPRCuprina Holdings (Cayman) Limited· Biotechnology: Pharmaceutical Preparations$15.2M
  192. 192ZTGZenta Group Company Limited· Professional Services$15.2M
  193. 193TMDETMD Energy Limited· Oil Refining/Marketing$14.9M
  194. 194LHAILinkhome Holdings Inc.· Real Estate$14.4M
  195. 195MCRPMicropolis AI Robotics· Auto Parts:O.E.M.$14.3M
  196. 196MIMIMint Incorporation Limited· Real Estate$14.0M
  197. 197IOTRiOThree Limited· Telecommunications Equipment$13.4M
  198. 198CJMBCallan JMB Inc.· Real Estate$12.3M
  199. 199TBHBrag House Holdings Inc.· Services-Misc. Amusement & Recreation$12.0M
  200. 200UFGUni-Fuels Holdings Limited· Oil Refining/Marketing$11.6M
  201. 201WXMWF International Limited· Engineering & Construction$10.8M
  202. 202RGNTRegentis Biomaterials Ltd.· Biotechnology: Pharmaceutical Preparations$10.6M
  203. 203SLGBSmart Logistics Global Limited· Integrated Freight & Logistics$10.2M
  204. 204OFALOFA Group· Military/Government/Technical$9.5M
  205. 205WGRXWellgistics Health Inc.· Other Pharmaceuticals$9.3M
  206. 206BIYABaiya International Group Inc.· Diversified Commercial Services$8.9M
  207. 207TDICDreamland Limited· Other Consumer Services$8.6M
  208. 208ADVBAdvanced Biomed Inc.· Medical Specialities$8.5M
  209. 209CYCUCycurion Inc.· EDP Services$8.5M
  210. 210SAGTSAGTEC GLOBAL LIMITED· Computer Software: Prepackaged Software$8.5M
  211. 211LZMHLZ Technology Holdings Limited· EDP Services$8.3M
  212. 212RCTRedCloud Holdings plc· Computer Software: Programming Data Processing$8.0M
  213. 213CURXCuranex Pharmaceuticals Inc· Biotechnology: Pharmaceutical Preparations$7.8M
  214. 214MSGYMasonglory Limited$7.4M
  215. 215WFFWF Holding Limited· Miscellaneous manufacturing industries$7.3M
  216. 216APUSApimeds Pharmaceuticals US Inc.· Biotechnology: Pharmaceutical Preparations$7.1M
  217. 217DLXYDelixy Holdings Limited· Oil Refining/Marketing$6.9M
  218. 218THHTryHard Holdings Limited· Services-Misc. Amusement & Recreation$6.5M
  219. 219YMATJ-Star Holding Co. Ltd.· Recreational Games/Products/Toys$6.3M
  220. 220POMPOMDOCTOR LIMITED· Other Specialty Stores$6.0M
  221. 221XHLDTEN Holdings Inc.· Real Estate$5.6M
  222. 222AGRZAgroz Inc.· Farming/Seeds/Milling$5.5M
  223. 223HKPDCellyan Biotechnology Co. Ltd· Other Pharmaceuticals$5.5M
  224. 224CRECre8 Enterprise Limited· Publishing$5.4M
  225. 225POASPhaos Technology Holdings (Cayman) Limited· Industrial Machinery/Components$5.1M
  226. 226KNRXKNOREX LTD.· Computer Software: Programming Data Processing$4.9M
  227. 227LHSWLianhe Sowell International Group Ltd· Computer Software: Prepackaged Software$4.5M
  228. 228HXHXHaoxin Holdings Limited· Trucking Freight/Courier Services$4.1M
  229. 229FTRKFAST TRACK GROUP· Package Goods/Cosmetics$3.6M
  230. 230DXSTDecent Holding Inc· Miscellaneous$3.4M
  231. 231TOPPToppoint Holdings Inc.· Trucking Freight/Courier Services$3.3M
  232. 232FBGLFBS Global Limited· Miscellaneous manufacturing industries$3.2M
  233. 233DBGIDigital Brands Group Inc.· Clothing/Shoe/Accessory Stores$3.2M
  234. 234MGNMegan Holdings Limited· Farming/Seeds/Milling$3.2M
  235. 235MASK3 E Network Technology Group Ltd· EDP Services$3.0M
  236. 236HCAIHuachen AI Parking Management Technology Holding Co. Ltd.· Miscellaneous manufacturing industries$3.0M
  237. 237INLFINLIF LIMITED· Industrial Machinery/Components$2.9M
  238. 238FMFCKandal M Venture Limited· Apparel$2.7M
  239. 239JEM707 Cayman Holdings Limited· Clothing/Shoe/Accessory Stores$2.1M
  240. 240NCTIntercont (Cayman) Limited· Restaurants$1.7M
  241. 241FCHLFitness Champs Holdings Limited· Services-Misc. Amusement & Recreation$1.3M
  242. 242WETOWetour Robotics Limited· Other Transportation$895,222
  243. 243DKIDarkIris Inc.· Computer Software: Prepackaged Software$202,567
  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.-