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$128.82B
2. 2CRWVCoreWeave Inc.· Computer Software: Prepackaged Software$60.72B
3. 3MDLNMedline Inc.· Medical/Dental Instruments$45.60B
4. 4QQnity Electronics Inc.· Semiconductors$36.77B
5. 5AMRZAmrize Ltd· Building Materials$29.69B
6. 6CRCLCircle Internet Group Inc.· Finance: Consumer Services$19.87B
7. 7ETSYEtsy Inc.· Real Estate$18.50B
8. 8EMAEmera Incorporated· Electric Utilities: Central$15.86B
9. 9JHXJames Hardie Industries plc.· Building Materials$14.22B
10. 10JBSJBS N.V.· Meat/Poultry/Fish$12.76B
11. 11KLARKlarna Group plc· Finance: Consumer Services$12.68B
12. 12CIBGrupo Cibest S.A.· Commercial Banks$10.34B
13. 13FIGFigma Inc.· Computer Software: Prepackaged Software$10.08B
14. 14MICCThe Magnum Ice Cream Company N.V.· Specialty Foods$10.01B
15. 15SFDSmithfield Foods Inc.· Meat/Poultry/Fish$9.65B
16. 16LGNLegence Corp.· Engineering & Construction$9.53B
17. 17RALRalliant Corporation· Industrial Machinery/Components$7.58B
18. 18CHYMChime Financial Inc.· Finance: Consumer Services$6.45B
19. 19FIGRFigure Technology Solutions Inc.· Finance: Consumer Services$6.41B
20. 20KRMNKarman Holdings Inc.· Military/Government/Technical$6.32B
21. 21FRMIFermi Inc.· Real Estate Investment Trusts$5.72B
22. 22NAVNNavan Inc.· Computer Software: Prepackaged Software$5.51B
23. 23HNGEHinge Health Inc.· EDP Services$5.33B
24. 24VGVenture Global Inc.· Oil/Gas Transmission$5.29B
25. 25ALHAlliance Laundry Holdings Inc.· Industrial Machinery/Components$5.25B
26. 26OTFBlue Owl Technology Finance Corp.$4.85B
27. 27MRPMillrose Properties Inc.· Real Estate$4.73B
28. 28BLLNBillionToOne Inc.· Medical Specialities$4.63B
29. 29STUBStubHub Holdings Inc.· Services-Misc. Amusement & Recreation$4.28B
30. 30ANDGAndersen Group Inc.· Real Estate$4.06B
31. 31NPNeptune Insurance Holdings Inc.· Specialty Insurers$3.97B
32. 32BLSHBullish· Finance: Consumer Services$3.77B
33. 33XXITwenty One Capital Inc.· Finance: Consumer Services$3.74B
34. 34PTRNPattern Group Inc.· Catalog/Specialty Distribution$3.72B
35. 35WBIWaterBridge Infrastructure LLC· Oilfield Services/Equipment$3.70B
36. 36BETABeta Technologies Inc.· Aerospace$3.63B
37. 37NTSKNetskope Inc.· Computer Software: Prepackaged Software$3.62B
38. 38MIAXMiami International Holdings Inc.· Investment Bankers/Brokers/Service$3.48B
39. 39SAILSailPoint Inc.· Computer Software: Prepackaged Software$3.40B
40. 40CDNLCardinal Infrastructure Group Inc.· Military/Government/Technical$3.39B
41. 41TTAMTitan America SA· Mining & Quarrying of Nonmetallic Minerals (No Fuels)$3.36B
42. 42AAUCAllied Gold Corporation$3.25B
43. 43ETOReToro Group Ltd.· Investment Bankers/Brokers/Service$3.09B
44. 44HTFLHeartflow Inc.· Medical/Dental Instruments$2.92B
45. 45ARXAccelerant Holdings· Specialty Insurers$2.81B
46. 46WOLFWolfspeed Inc.· Semiconductors$2.75B
47. 47AEROGrupo Aeromexico S.A.B. de C.V.· Air Freight/Delivery Services$2.54B
48. 48NNNNAnbio Biotechnology· Biotechnology: In Vitro & In Vivo Diagnostic Substances$2.37B
49. 49NIQNIQ Global Intelligence plc· Computer Software: Programming Data Processing$2.37B
50. 50FLOCFlowco Holdings Inc.· Oil and Gas Field Machinery$2.08B
51. 51VOYGVoyager Technologies Inc.· Military/Government/Technical$2.05B
52. 52ACVAACV Auctions Inc.· Real Estate$1.96B
53. 53SLDESlide Insurance Holdings Inc.· Property-Casualty Insurers$1.94B
54. 54AMBQAmbiq Micro Inc.· Semiconductors$1.89B
55. 55GSATGlobalstar Inc.· Telecommunications Equipment$1.86B
56. 56SMASmartStop Self Storage REIT Inc.· Real Estate Investment Trusts$1.79B
57. 57MHMcGraw Hill Inc.· Publishing$1.75B
58. 58SIONSionna Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$1.75B
59. 59WYFIWhiteFiber Inc.· Finance: Consumer Services$1.73B
60. 60AAPGAscentage Pharma Group International· Biotechnology: Pharmaceutical Preparations$1.60B
61. 61MAZEMaze Therapeutics Inc.· Biotechnology: Biological Products (No Diagnostic Substances)$1.42B
62. 62MPLTMapLight Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$1.35B
63. 63WLTHWealthfront Corporation· Finance: Consumer Services$1.23B
64. 64XZOExzeo Group Inc.· Property-Casualty Insurers$1.22B
65. 65KMTSKestra Medical Technologies Ltd.· Medical/Dental Instruments$1.21B
66. 66MGRTMega Fortune Company Limited· EDP Services$1.15B
67. 67PXEDPhoenix Education Partners Inc.· Other Consumer Services$1.09B
68. 68OMDAOmada Health Inc.· Medical/Nursing Services$1.07B
69. 69ASICAtegrity Specialty Insurance Company Holdings· Property-Casualty Insurers$1.03B
70. 70DECDiversified Energy Company$1.01B
71. 71CAICaris Life Sciences Inc.· Medical Specialities$971.9M
72. 72LMRILumexa Imaging Holdings Inc.· Medical Specialities$911.8M
73. 73NMAXNewsmax Inc.· Broadcasting$910.6M
74. 74LBRXLB Pharmaceuticals Inc· Biotechnology: Pharmaceutical Preparations$856.6M
75. 75HCMAHCM III Acquisition Corp.· Hotels/Resorts$812.2M
76. 76EVMNEvommune Inc.· Biotechnology: Pharmaceutical Preparations$812.2M
77. 77INRInfinity Natural Resources Inc.· Oil & Gas Production$811.9M
78. 78YBYuanbao Inc.· Specialty Insurers$696.7M
79. 79ISOUIsoEnergy Ltd.$646.3M
80. 80MNTNMNTN Inc.· Advertising$622.6M
81. 81NPBNorthpointe Bancshares Inc.· Major Banks$618.7M
82. 82BBNXBeta Bionics Inc.· Medical/Dental Instruments$610.5M
83. 83AGCCAgencia Comercial Spirits Ltd· Beverages (Production/Distribution)$580.9M
84. 84ANGXAngel Studios Inc.· Movies/Entertainment$574.2M
85. 85JLHLJulong Holding Limited· Military/Government/Technical$567.3M
86. 86IPODDune Acquisition Corporation II· Blank Checks$565.2M
87. 87GEMIGemini Space Station Inc.· Investment Bankers/Brokers/Service$545.2M
88. 88MSIFMSC Income Fund Inc.· Finance/Investors Services$512.9M
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$427.1M
92. 92CMDBCostamare Bulkers Holdings Limited· Marine Transportation$420.3M
93. 93AVBCAvidia Bancorp Inc.· Banks$396.7M
94. 94GLOOGloo Holdings Inc.· EDP Services$385.9M
95. 95TACOBerto Acquisition Corp.· Blank Checks$378.6M
96. 96SIShoulder Innovations Inc.· Medical/Dental Instruments$368.5M
97. 97IGACInvest Green Acquisition Corporation· Blank Checks$367.1M
98. 98BRCBBlack Rock Coffee Bar Inc.· Restaurants$352.9M
99. 99PHOEPhoenix Asia Holdings Limited· Engineering & Construction$348.8M
100. 100BUUUBUUU Group Limited· Services-Misc. Amusement & Recreation$344.3M
101. 101AIIAmerican Integrity Insurance Group Inc.· Property-Casualty Insurers$338.7M
102. 102CVCapsoVision Inc.· Biotechnology: Electromedical & Electrotherapeutic Apparatus$323.8M
103. 103COSOCoastalSouth Bancshares Inc.· Major Banks$323.3M
104. 104ASPCA SPAC III Acquisition Corp.· Blank Checks$283.9M
105. 105GIWGigCapital8 Corp.$269.0M
106. 106CARLCarlsmed Inc.· Medical/Dental Instruments$267.5M
107. 107APACStoneBridge Acquisition II Corporation$247.8M
108. 108AIROAIRO Group Holdings Inc.· Aerospace$241.8M
109. 109BQBoqii Holding Limited· Other Specialty Stores$234.1M
110. 110FJETStarfighters Space Inc.· Air Freight/Delivery Services$232.3M
111. 111BZAIBlaize Holdings Inc.· Blank Checks$231.9M
112. 112TIITitan Mining Corporation$227.0M
113. 113BGINBgin Blockchain Limited· Finance: Consumer Services$213.8M
114. 114EGGEnigmatig Limited· Professional Services$205.8M
115. 115LWACLightWave Acquisition Corp.· Blank Checks$197.6M
116. 116POMPOMDOCTOR LIMITED· Other Specialty Stores$187.8M
117. 117TDACTranslational Development Acquisition Corp.$181.2M
118. 118TGENTecogen Inc.· Industrial Machinery/Components$181.0M
119. 119MLACMountain Lake Acquisition Corp.· Auto Manufacturing$180.6M
120. 120YMTYimutian Inc.· EDP Services$179.9M
121. 121VIAVia Transportation Inc.· Computer Software: Prepackaged Software$176.0M
122. 122OMSEOMS Energy Technologies Inc.· Oil and Gas Field Machinery$171.5M
123. 123LIONLionsgate Studios Corp· Movies/Entertainment$157.7M
124. 124ANTAAntalpha Platform Holding Company· Investment Bankers/Brokers/Service$156.0M
125. 125FGMCFG Merger II Corp.$152.5M
126. 126YDDLOne and One Green Technologies. Inc· Industrial Specialties$148.2M
127. 127CTWCTW Cayman· EDP Services$147.3M
128. 128VINCVincerx Pharma Inc.· Biotechnology: Pharmaceutical Preparations$143.2M
129. 129BMGLBasel Medical Group Ltd· Medical/Nursing Services$139.2M
130. 130BMHLBluemount Holdings Limited· Finance: Consumer Services$137.8M
131. 131BRRProCap Financial Inc.· Finance: Consumer Services$134.0M
132. 132HYNEHoyne Bancorp Inc.· Banks$132.5M
133. 133WTFWaton Financial Limited· Investment Bankers/Brokers/Service$130.7M
134. 134SMJFSMJ International Holdings Inc.· RETAIL: Building Materials$130.5M
135. 135LUDLuda Technology Group Limited· Steel/Iron Ore$129.3M
136. 136MENSJyong Biotech Ltd.· Biotechnology: Pharmaceutical Preparations$120.9M
137. 137LHSWLianhe Sowell International Group Ltd· Computer Software: Prepackaged Software$115.0M
138. 138YOOVConcorde International Group Ltd· Diversified Commercial Services$108.4M
139. 139MBMasterBeef Group· Restaurants$95.0M
140. 140AGHAureus Greenway Holdings Inc.· Hotels/Resorts$93.5M
141. 141AARDAardvark Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations$89.0M
142. 142PARKPark Dental Partners Inc.· Misc Health and Biotechnology Services$81.9M
143. 143WSTNWestin Acquisition Corp$81.4M
144. 144FATNFatPipe Inc.· Computer Software: Prepackaged Software$79.7M
145. 145JFBJFB Construction Holdings· General Bldg Contractors - Nonresidential Bldgs$76.5M
146. 146HCHLHappy City Holdings Limited· Restaurants$76.1M
147. 147BLUWBlue Water Acquisition Corp. III$74.8M
148. 148PEWGrabAGun Digital Holdings Inc.· Other Specialty Stores$70.6M
149. 149ANPARich Sparkle Holdings Limited· Other Consumer Services$70.0M
150. 150STAKSTAK Inc.· Oil and Gas Field Machinery$67.2M
151. 151MCRPMicropolis AI Robotics· Auto Parts:O.E.M.$63.8M
152. 152OTHOff The Hook YS Inc.· Marine Transportation$62.6M
153. 153LFSLEIFRAS Co. Ltd.· Other Consumer Services$58.9M
154. 154ENGSEnergys Group Limited· Engineering & Construction$58.4M
155. 155NPTTexxon Holding Limited· Specialty Chemicals$56.8M
156. 156TGEThe Generation Essentials Group· Newspapers/Magazines$55.7M
157. 157AHMAAmbitions Enterprise Management Co. L.L.C· Services-Misc. Amusement & Recreation$55.0M
158. 158SORAAsiaStrategy· Other Specialty Stores$54.7M
159. 159WXMWF International Limited· Engineering & Construction$52.6M
160. 160PNSkycorp Solar Group Limited· Retail: Computer Software & Peripheral Equipment$50.2M
161. 161PLUTPlutus Financial Group Limited· Investment Bankers/Brokers/Service$47.4M
162. 162TJGCTJGC Group Limited· Advertising$43.7M
163. 163PFAIPinnacle Food Group Limited· Farming/Seeds/Milling$42.5M
164. 164RYETRuanyun Edai Technology Inc.· Computer Software: Prepackaged Software$42.1M
165. 165PCLAPicoCELA Inc.· Building Products$38.5M
166. 166ELWTElauwit Connection Inc.· Telecommunications Equipment$38.3M
167. 167ATHRAether Holdings Inc.· Computer Software: Prepackaged Software$37.4M
168. 168RCTRedCloud Holdings plc· Computer Software: Programming Data Processing$37.4M
169. 169NSRXNasus Pharma Ltd.· Biotechnology: Pharmaceutical Preparations$36.5M
170. 170ETSElite Express Holding Inc.· Trucking Freight/Courier Services$34.7M
171. 171ZYBTZhengye Biotechnology Holding Limited· Biotechnology: Pharmaceutical Preparations$34.0M
172. 172GRANGrande Group Limited· Finance: Consumer Services$30.5M
173. 173FLDFold Holdings Inc.· Finance: Consumer Services$29.4M
174. 174REEDReed's Inc.$28.6M
175. 175RYOJrYojbaba Co. Ltd.· Professional Services$28.4M
176. 176SLGBSmart Logistics Global Limited· Integrated Freight & Logistics$28.4M
177. 177UFGUni-Fuels Holdings Limited· Oil Refining/Marketing$28.2M
178. 178DGNXDiginex Limited· EDP Services$27.1M
179. 179VNTGVantage Corp· Integrated Freight & Logistics$26.7M
180. 180BLIVBeLive Holdings· EDP Services$25.5M
181. 181TOPPToppoint Holdings Inc.· Trucking Freight/Courier Services$25.4M
182. 182ACCLAcco Group Holdings Limited· Professional Services$24.0M
183. 183CANGCango Inc.· Computer Software: Prepackaged Software$24.0M
184. 184KMRKK-Tech Solutions Company Limited· Recreational Games/Products/Toys$21.9M
185. 185MWYNMarwynn Holdings Inc.· Food Distributors$21.6M
186. 186RGNTRegentis Biomaterials Ltd.· Biotechnology: Pharmaceutical Preparations$21.4M
187. 187FOFOHang Feng Technology Innovation Co. Ltd.· Professional Services$21.4M
188. 188ZTGZenta Group Company Limited· Professional Services$21.0M
189. 189PMIPicard Medical Inc.· Medical/Dental Instruments$20.0M
190. 190EPSMEpsium Enterprise Limited· Beverages (Production/Distribution)$18.1M
191. 191CCHHCCH Holdings Ltd· Restaurants$18.1M
192. 192TMDETMD Energy Limited· Oil Refining/Marketing$17.9M
193. 193THHTryHard Holdings Limited· Services-Misc. Amusement & Recreation$16.7M
194. 194LGPSLogProstyle Inc.· Homebuilding$16.5M
195. 195SAGTSAGTEC GLOBAL LIMITED· Computer Software: Prepackaged Software$16.4M
196. 196DBGIDigital Brands Group Inc.· Clothing/Shoe/Accessory Stores$15.9M
197. 197CHOWChowChow Cloud International Holdings Limited· Computer Software: Prepackaged Software$15.3M
198. 198HKPDCellyan Biotechnology Co. Ltd· Other Pharmaceuticals$14.5M
199. 199APUSApimeds Pharmaceuticals US Inc.· Biotechnology: Pharmaceutical Preparations$14.3M
200. 200WFFWF Holding Limited· Miscellaneous manufacturing industries$14.2M
201. 201KNRXKNOREX LTD.· Computer Software: Programming Data Processing$14.0M
202. 202TBHBrag House Holdings Inc.· Services-Misc. Amusement & Recreation$13.7M
203. 203TLIHTen-League International Holdings Limited$13.7M
204. 204LHAILinkhome Holdings Inc.· Real Estate$12.4M
205. 205LZMHLZ Technology Holdings Limited· EDP Services$11.9M
206. 206TGHLThe GrowHub Limited· EDP Services$11.6M
207. 207YMATJ-Star Holding Co. Ltd.· Recreational Games/Products/Toys$11.4M
208. 208ELOGEastern International Ltd.· Integrated Freight & Logistics$11.1M
209. 209POASPhaos Technology Holdings (Cayman) Limited· Industrial Machinery/Components$11.1M
210. 210CUPRCuprina Holdings (Cayman) Limited· Biotechnology: Pharmaceutical Preparations$10.5M
211. 211DKIDarkIris Inc.· Computer Software: Prepackaged Software$10.3M
212. 212FTRKFAST TRACK GROUP· Package Goods/Cosmetics$9.6M
213. 213WETOWetour Robotics Limited· Other Transportation$9.4M
214. 214HCAIHuachen AI Parking Management Technology Holding Co. Ltd.· Miscellaneous manufacturing industries$9.3M
215. 215TDICDreamland Limited· Other Consumer Services$9.1M
216. 216OFALOFA Group· Military/Government/Technical$9.0M
217. 217ADVBAdvanced Biomed Inc.· Medical Specialities$8.5M
218. 218EDHLEverbright Digital Holding Limited· Advertising$8.3M
219. 219CRECre8 Enterprise Limited· Publishing$8.3M
220. 220MSGYMasonglory Limited$8.0M
221. 221CURXCuranex Pharmaceuticals Inc· Biotechnology: Pharmaceutical Preparations$7.9M
222. 222WGRXWellgistics Health Inc.· Other Pharmaceuticals$7.8M
223. 223IOTRiOThree Limited· Telecommunications Equipment$7.5M
224. 224FBGLFBS Global Limited· Miscellaneous manufacturing industries$7.2M
225. 225CYCUCycurion Inc.· EDP Services$7.1M
226. 226MIMIMint Incorporation Limited· Real Estate$7.0M
227. 227AGRZAgroz Inc.· Farming/Seeds/Milling$6.9M
228. 228DLXYDelixy Holdings Limited· Oil Refining/Marketing$6.4M
229. 229HXHXHaoxin Holdings Limited· Trucking Freight/Courier Services$6.1M
230. 230XHLDTEN Holdings Inc.· Real Estate$5.6M
231. 231FMFCKandal M Venture Limited· Apparel$4.9M
232. 232JEM707 Cayman Holdings Limited· Clothing/Shoe/Accessory Stores$4.8M
233. 233NCTIntercont (Cayman) Limited· Restaurants$4.8M
234. 234MASK3 E Network Technology Group Ltd· EDP Services$4.5M
235. 235DXSTDecent Holding Inc· Miscellaneous$4.3M
236. 236CJMBCallan JMB Inc.· Real Estate$4.0M
237. 237RPGLRepublic Power Group Limited· Computer Software: Prepackaged Software$2.4M
238. 238MGNMegan Holdings Limited· Farming/Seeds/Milling$2.2M
239. 239INLFINLIF LIMITED· Industrial Machinery/Components$1.5M
240. 240BIYABaiya International Group Inc.· Diversified Commercial Services$936,952
241. 241FCHLFitness Champs Holdings Limited· Services-Misc. Amusement & Recreation$50,623
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.-