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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$131.65B
  2. 2ETSYEtsy Inc.· Real Estate$18.50B
  3. 3JHXJames Hardie Industries plc.· Building Materials$17.17B
  4. 4WOLFWolfspeed Inc.· Semiconductors$10.20B
  5. 5CIBGrupo Cibest S.A.· Commercial Banks$8.55B
  6. 6VGVenture Global Inc.· Oil/Gas Transmission$5.29B
  7. 7SAILSailPoint Inc.· Computer Software: Prepackaged Software$3.40B
  8. 8SIShoulder Innovations Inc.· Medical/Dental Instruments$2.92B
  9. 9ACVAACV Auctions Inc.· Real Estate$1.96B
  10. 10GSATGlobalstar Inc.· Telecommunications Equipment$1.86B
  11. 11CAICaris Life Sciences Inc.· Medical Specialities$971.9M
  12. 12NPNeptune Insurance Holdings Inc.· Specialty Insurers$766.6M
  13. 13IPODDune Acquisition Corporation II· Blank Checks$565.2M
  14. 14CANGCango Inc.· Computer Software: Prepackaged Software$503.5M
  15. 15TACOBerto Acquisition Corp.· Blank Checks$455.3M
  16. 16IGACInvest Green Acquisition Corporation· Blank Checks$367.1M
  17. 17ASPCA SPAC III Acquisition Corp.· Blank Checks$283.9M
  18. 18GIWGigCapital8 Corp.$269.0M
  19. 19APACStoneBridge Acquisition II Corporation$247.8M
  20. 20BQBoqii Holding Limited· Other Specialty Stores$234.1M
  21. 21LWACLightWave Acquisition Corp.· Blank Checks$197.6M
  22. 22NIQNIQ Global Intelligence plc· Computer Software: Programming Data Processing$187.7M
  23. 23TDACTranslational Development Acquisition Corp.$181.2M
  24. 24MLACMountain Lake Acquisition Corp.· Auto Manufacturing$180.6M
  25. 25VIAVia Transportation Inc.· Computer Software: Prepackaged Software$176.0M
  26. 26MNTNMNTN Inc.· Advertising$170.3M
  27. 27LIONLionsgate Studios Corp· Movies/Entertainment$157.7M
  28. 28VINCVincerx Pharma Inc.· Biotechnology: Pharmaceutical Preparations$143.2M
  29. 29BLUWBlue Water Acquisition Corp. III$55.6M
  30. 30REEDReed's Inc.$28.6M
  31. 31DBGIDigital Brands Group Inc.· Clothing/Shoe/Accessory Stores$16.0M
  32. 32APXTApex Treasury Corporation· Computer Software: Prepackaged Software-
  33. 33CHAChagee Holdings Limited· Restaurants-
  34. 34FLYFirefly Aerospace Inc.· Military/Government/Technical-
  35. 35JCAPJefferson Capital Inc.· Finance Companies-
  36. 36NHICNewHold Investment Corp III-
  37. 37SVACSpring Valley Acquisition Corp. III· Blank Checks-
  38. 38AHLAspen Insurance Holdings Limited· Property-Casualty Insurers-
  39. 39MHMcGraw Hill Inc.· Publishing-
  40. 40SZZLSizzle Acquisition Corp. II· Blank Checks-
  41. 41HCMAHCM III Acquisition Corp.· Hotels/Resorts-
  42. 42FGMCFG Merger II Corp.-
  43. 43DECDiversified Energy Company-
  44. 44FLDFold Holdings Inc.· Finance: Consumer Services-
  45. 45INLFINLIF LIMITED· Industrial Machinery/Components-
  46. 46ZYBTZhengye Biotechnology Holding Limited· Biotechnology: Pharmaceutical Preparations-
  47. 47CEPOCantor Equity Partners I Inc.· Blank Checks-
  48. 48MASK3 E Network Technology Group Ltd· EDP Services-
  49. 49MIMIMint Incorporation Limited· Real Estate-
  50. 50RANGRange Capital Acquisition Corp.-
  51. 51BZAIBlaize Holdings Inc.· Blank Checks-
  52. 52UFGUni-Fuels Holdings Limited· Oil Refining/Marketing-
  53. 53HKPDCellyan Biotechnology Co. Ltd· Other Pharmaceuticals-
  54. 54NOEMCO2 Energy Transition Corp.-
  55. 55FLOCFlowco Holdings Inc.· Oil and Gas Field Machinery-
  56. 56PCLAPicoCELA Inc.· Building Products-
  57. 57TOPPToppoint Holdings Inc.· Trucking Freight/Courier Services-
  58. 58MCTRCTRL Group Limited· Advertising-
  59. 59DXSTDecent Holding Inc· Miscellaneous-
  60. 60DGNXDiginex Limited· EDP Services-
  61. 61SKBLSkyline Builders Group Holding Limited· Engineering & Construction-
  62. 62AAPGAscentage Pharma Group International· Biotechnology: Pharmaceutical Preparations-
  63. 63SPHAShepherd Ave Capital Acquisition Corporation-
  64. 64SFDSmithfield Foods Inc.· Meat/Poultry/Fish-
  65. 65MSIFMSC Income Fund Inc.· Finance/Investors Services-
  66. 66JACSJackson Acquisition Company II-
  67. 67BBNXBeta Bionics Inc.· Medical/Dental Instruments-
  68. 68MTSRMetsera Inc.· Biotechnology: Pharmaceutical Preparations-
  69. 69PLMKPlum Acquisition Corp. IV-
  70. 70INRInfinity Natural Resources Inc.· Oil & Gas Production-
  71. 71MAZEMaze Therapeutics Inc.· Biotechnology: Biological Products (No Diagnostic Substances)-
  72. 72DRDBRoman DBDR Acquisition Corp. II-
  73. 73HCAIHuachen AI Parking Management Technology Holding Co. Ltd.· Miscellaneous manufacturing industries-
  74. 74HSPTHorizon Space Acquisition II Corp.· Blank Checks-
  75. 75CJMBCallan JMB Inc.· Real Estate-
  76. 76PLUTPlutus Financial Group Limited· Investment Bankers/Brokers/Service-
  77. 77EPWKEPWK Holdings Ltd.· Real Estate-
  78. 78FBGLFBS Global Limited· Miscellaneous manufacturing industries-
  79. 79HVIIHennessy Capital Investment Corp. VII-
  80. 80MRPMillrose Properties Inc.· Real Estate-
  81. 81SIONSionna Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations-
  82. 82TTAMTitan America SA· Mining & Quarrying of Nonmetallic Minerals (No Fuels)-
  83. 83AGHAureus Greenway Holdings Inc.· Hotels/Resorts-
  84. 84AARDAardvark Therapeutics Inc.· Biotechnology: Pharmaceutical Preparations-
  85. 85KRMNKarman Holdings Inc.· Military/Government/Technical-
  86. 86XHLDTEN Holdings Inc.· Real Estate-
  87. 87NPBNorthpointe Bancshares Inc.· Major Banks-
  88. 88CYCUCycurion Inc.· EDP Services-
  89. 89TICTIC Solutions Inc.· Real Estate-
  90. 90NNNNAnbio Biotechnology· Biotechnology: In Vitro & In Vivo Diagnostic Substances-
  91. 91WGRXWellgistics Health Inc.· Other Pharmaceuticals-
  92. 92DMAADrugs Made In America Acquisition Corp.-
  93. 93BMGLBasel Medical Group Ltd· Medical/Nursing Services-
  94. 94STAKSTAK Inc.· Oil and Gas Field Machinery-
  95. 95LZMHLZ Technology Holdings Limited· EDP Services-
  96. 96LUDLuda Technology Group Limited· Steel/Iron Ore-
  97. 97WETOWetour Robotics Limited· Other Transportation-
  98. 98ADVBAdvanced Biomed Inc.· Medical Specialities-
  99. 99EPSMEpsium Enterprise Limited· Beverages (Production/Distribution)-
  100. 100BIYABaiya International Group Inc.· Diversified Commercial Services-
  101. 101KMTSKestra Medical Technologies Ltd.· Medical/Dental Instruments-
  102. 102SVCCStellar V Capital Corp.-
  103. 103MWYNMarwynn Holdings Inc.· Food Distributors-
  104. 104TBHBrag House Holdings Inc.· Services-Misc. Amusement & Recreation-
  105. 105LGPSLogProstyle Inc.· Homebuilding-
  106. 106MAYAMaywood Acquisition Corp.-
  107. 107PNSkycorp Solar Group Limited· Retail: Computer Software & Peripheral Equipment-
  108. 108JFBJFB Construction Holdings· General Bldg Contractors - Nonresidential Bldgs-
  109. 109SAGTSAGTEC GLOBAL LIMITED· Computer Software: Prepackaged Software-
  110. 110COLAColumbus Acquisition Corp-
  111. 111WFFWF Holding Limited· Miscellaneous manufacturing industries-
  112. 112RIBBRibbon Acquisition Corp-
  113. 113RCTRedCloud Holdings plc· Computer Software: Programming Data Processing-
  114. 114AIFEAifeex Nexus Acquisition Corporation-
  115. 115KFIIK&F Growth Acquisition Corp. II-
  116. 116MCRPMicropolis AI Robotics· Auto Parts:O.E.M.-
  117. 117CRWVCoreWeave Inc.· Computer Software: Prepackaged Software-
  118. 118NMAXNewsmax Inc.· Broadcasting-
  119. 119NCTIntercont (Cayman) Limited· Restaurants-
  120. 120ENGSEnergys Group Limited· Engineering & Construction-
  121. 121WXMWF International Limited· Engineering & Construction-
  122. 122WTFWaton Financial Limited· Investment Bankers/Brokers/Service-
  123. 123SMASmartStop Self Storage REIT Inc.· Real Estate Investment Trusts-
  124. 124TOPWTop Win International Limited· Other Specialty Stores-
  125. 125LHSWLianhe Sowell International Group Ltd· Computer Software: Prepackaged Software-
  126. 126ATIIArchimedes Tech SPAC Partners II Co.-
  127. 127BLIVBeLive Holdings· EDP Services-
  128. 128AACBArtius II Acquisition Inc.-
  129. 129RYETRuanyun Edai Technology Inc.· Computer Software: Prepackaged Software-
  130. 130FATNFatPipe Inc.· Computer Software: Prepackaged Software-
  131. 131IOTRiOThree Limited· Telecommunications Equipment-
  132. 132CUPRCuprina Holdings (Cayman) Limited· Biotechnology: Pharmaceutical Preparations-
  133. 133MBMasterBeef Group· Restaurants-
  134. 134ATHRAether Holdings Inc.· Computer Software: Prepackaged Software-
  135. 135HXHXHaoxin Holdings Limited· Trucking Freight/Courier Services-
  136. 136EDHLEverbright Digital Holding Limited· Advertising-
  137. 137RACRithm Acquisition Corp.-
  138. 138LOKVLive Oak Acquisition Corp. V-
  139. 139DVSDolly Varden Silver Corporation-
  140. 140FERAFifth Era Acquisition Corp I-
  141. 141TMDETMD Energy Limited· Oil Refining/Marketing-
  142. 142CIGLConcorde International Group Ltd· Diversified Commercial Services-
  143. 143PFAIPinnacle Food Group Limited· Farming/Seeds/Milling-
  144. 144PHOEPhoenix Asia Holdings Limited· Engineering & Construction-
  145. 145FLYYSpirit Aviation Holdings Inc.-
  146. 146YBYuanbao Inc.· Specialty Insurers-
  147. 147WSBKWinchester Bancorp Inc.-
  148. 148TGENTecogen Inc.· Industrial Machinery/Components-
  149. 149SDMSmart Digital Group Limited· Other Consumer Services-
  150. 150CEPTCantor Equity Partners II Inc.· Blank Checks-
  151. 151ISOUIsoEnergy Ltd.-
  152. 152CMDBCostamare Bulkers Holdings Limited· Marine Transportation-
  153. 153AIIAmerican Integrity Insurance Group Inc.· Property-Casualty Insurers-
  154. 154APUSApimeds Pharmaceuticals US Inc.· Biotechnology: Pharmaceutical Preparations-
  155. 155GSHRGesher Acquisition Corp. II-
  156. 156QSEAQuartzsea Acquisition Corporation· Blank Checks-
  157. 157OMSEOMS Energy Technologies Inc.· Oil and Gas Field Machinery-
  158. 158HNGEHinge Health Inc.· EDP Services-
  159. 159PTNMPitanium Limited· Package Goods/Cosmetics-
  160. 160RAAQReal Asset Acquisition Corp.· Blank Checks-
  161. 161ANTAAntalpha Platform Holding Company· Investment Bankers/Brokers/Service-
  162. 162TACHTitan Acquisition Corp.· Blank Checks-
  163. 163OFALOFA Group· Military/Government/Technical-
  164. 164UYSCUY Scuti Acquisition Corp.· Blank Checks-
  165. 165ETOReToro Group Ltd.· Investment Bankers/Brokers/Service-
  166. 166SORAAsiaStrategy· Other Specialty Stores-
  167. 167COPLCopley Acquisition Corp-
  168. 168TVATexas Ventures Acquisition III Corp-
  169. 169FTRKFAST TRACK GROUP· Package Goods/Cosmetics-
  170. 170SOULSoulpower Acquisition Corporation· Publishing-
  171. 171CHACCrane Harbor Acquisition Corp.-
  172. 172DAAQDigital Asset Acquisition Corp.· Blank Checks-
  173. 173EMAEmera Incorporated· Electric Utilities: Central-
  174. 174SDHISiddhi Acquisition Corp· Blank Checks-
  175. 175BMNRBitMine Immersion Technologies Inc.· Finance: Consumer Services-
  176. 176CRCLCircle Internet Group Inc.· Finance: Consumer Services-
  177. 177TGEThe Generation Essentials Group· Newspapers/Magazines-
  178. 178OMDAOmada Health Inc.· Medical/Nursing Services-
  179. 179CCCMColumbus Circle Capital Corp I· Blank Checks-
  180. 180JEM707 Cayman Holdings Limited· Clothing/Shoe/Accessory Stores-
  181. 181RTACRenatus Tactical Acquisition Corp I· Blank Checks-
  182. 182AAUCAllied Gold Corporation-
  183. 183ASICAtegrity Specialty Insurance Company Holdings· Property-Casualty Insurers-
  184. 184VOYGVoyager Technologies Inc.· Military/Government/Technical-
  185. 185CHYMChime Financial Inc.· Finance: Consumer Services-
  186. 186VNTGVantage Corp· Integrated Freight & Logistics-
  187. 187PELIPelican Acquisition Corporation· Blank Checks-
  188. 188OTFBlue Owl Technology Finance Corp.-
  189. 189AIROAIRO Group Holdings Inc.· Aerospace-
  190. 190JBSJBS N.V.· Meat/Poultry/Fish-
  191. 191MENSJyong Biotech Ltd.· Biotechnology: Pharmaceutical Preparations-
  192. 192NPACNew Providence Acquisition Corp. III· Blank Checks-
  193. 193IPCXInflection Point Acquisition Corp. III· Blank Checks-
  194. 194EGGEnigmatig Limited· Professional Services-
  195. 195SLDESlide Insurance Holdings Inc.· Property-Casualty Insurers-
  196. 196PMTRPerimeter Acquisition Corp. I· Blank Checks-
  197. 197CHPGChampionsGate Acquisition Corporation-
  198. 198LCCCLakeshore Acquisition III Corp.· Blank Checks-
  199. 199CRAQCal Redwood Acquisition Corp.· Blank Checks-
  200. 200GTENGores Holdings X Inc.-
  201. 201RDAGRepublic Digital Acquisition Company· Blank Checks-
  202. 202AMRZAmrize Ltd· Building Materials-
  203. 203HCHLHappy City Holdings Limited· Restaurants-
  204. 204CGCTCartesian Growth Corporation III· Blank Checks-
  205. 205CCCXChurchill Capital Corp X· Blank Checks-
  206. 206GRANGrande Group Limited· Finance: Consumer Services-
  207. 207RALRalliant Corporation· Industrial Machinery/Components-
  208. 208WENNWen Acquisition Corp-
  209. 209FMFCKandal M Venture Limited· Apparel-
  210. 210MAMKMaxsMaking Inc.· Apparel-
  211. 211EGHAEGH Acquisition Corp.· Finance/Investors Services-
  212. 212CVCapsoVision Inc.· Biotechnology: Electromedical & Electrotherapeutic Apparatus-
  213. 213JLHLJulong Holding Limited· Military/Government/Technical-
  214. 214TVAIThayer Ventures Acquisition Corporation II-
  215. 215COSOCoastalSouth Bancshares Inc.· Major Banks-
  216. 216EMPGEmpro Group Inc.-
  217. 217CAEPCantor Equity Partners III Inc.-
  218. 218ANPARich Sparkle Holdings Limited· Other Consumer Services-
  219. 219MSGYMasonglory Limited-
  220. 220TLIHTen-League International Holdings Limited-
  221. 221DLXYDelixy Holdings Limited· Oil Refining/Marketing-
  222. 222OYSEOyster Enterprises II Acquisition Corp· Blank Checks-
  223. 223PCAPProCap Acquisition Corp· Blank Checks-
  224. 224BMHLBluemount Holdings Limited· Finance: Consumer Services-
  225. 225KMRKK-Tech Solutions Company Limited· Recreational Games/Products/Toys-
  226. 226PEWGrabAGun Digital Holdings Inc.· Other Specialty Stores-
  227. 227MGRTMega Fortune Company Limited· EDP Services-
  228. 228WTGWintergreen Acquisition Corp.· Blank Checks-
  229. 229KCHVKochav Defense Acquisition Corp.-
  230. 230LAWRRobot Consulting Co. Ltd. ADS· Computer Software: Programming Data Processing-
  231. 231JENAJena Acquisition Corporation II· Blank Checks-
  232. 232MJIDMajestic Ideal Holdings Ltd· Apparel-
  233. 233TDICDreamland Limited· Other Consumer Services-
  234. 234CRECre8 Enterprise Limited· Publishing-
  235. 235CARLCarlsmed Inc.· Medical/Dental Instruments-
  236. 236ARXAccelerant Holdings· Specialty Insurers-
  237. 237LHAILinkhome Holdings Inc.· Real Estate-
  238. 238GTERAGloba Terra Acquisition Corporation· Blank Checks-
  239. 239YORKYorkville Acquisition Corp.· Electric Utilities: Central-
  240. 240YMATJ-Star Holding Co. Ltd.· Recreational Games/Products/Toys-
  241. 241INACIndigo Acquisition Corp.-
  242. 242AMBQAmbiq Micro Inc.· Semiconductors-
  243. 243BRRProCap Financial Inc.· Finance: Consumer Services-
  244. 244FIGFigma Inc.· Computer Software: Prepackaged Software-
  245. 245AVBCAvidia Bancorp Inc.· Banks-
  246. 246AXINAxiom Intelligence Acquisition Corp 1· Blank Checks-
  247. 247BACCBlue Acquisition Corp.· Blank Checks-
  248. 248CTWCTW Cayman· EDP Services-
  249. 249BSAABEST SPAC I Acquisition Corp.· Blank Checks-
  250. 250WYFIWhiteFiber Inc.· Finance: Consumer Services-