2025 IPOs
Every company that went public on a US exchange in 2025, with offer price, deal size and performance since listing.
372 companies priced initial public offerings on US exchanges in 2025, raising about $70.6B in total. The largest deal was Medline Inc. (MDLN), which raised about $6.3B on the NASDAQ Global Select. Of the 303 2025 IPOs with a current price, 165 (54%) trade above their offer price, and the median return since listing is +2.0%. The best performer is Mega Fortune Co Ltd (MGRT), up 2450.0% from its IPO price, while Cellyan Biotechnology Co., Ltd (HKPD) is down 97.5%. The busiest month was October 2025, with 39 listings. By exchange: 136 on NASDAQ Global, 130 on NASDAQ Capital, 54 on NYSE, 31 on NASDAQ Global Select, 20 on NYSE MKT and 1 on NASDAQ.
Summary generated from market data by MetaCap's automated system. Methodology
All 2025 IPOs (372) · page 1 of 3
| IPO Date | Symbol | Company | IPO Price | Return | Deal Size |
|---|---|---|---|---|---|
| Dec 23, 2025 | SVAQU | Silicon Valley Acquisition Corp. | $10.00 | +4.80% | $200.0M |
| Dec 23, 2025 | SCPQU | Social Commerce Partners Corp | $10.00 | +3.00% | $100.0M |
| Dec 19, 2025 | BEBEU | TGE Value Creative Solutions Corp | $10.00 | — | $150.0M |
| Dec 18, 2025 | LPCVU | Launchpad Cadenza Acquisition Corp I | $10.00 | +1.30% | $200.0M |
| Dec 18, 2025 | ADACU | American Drive Acquisition Co | $10.00 | +2.49% | $200.0M |
| Dec 18, 2025 | VHCPU | Vine Hill Capital Investment Corp. II | $10.00 | +1.72% | $200.0M |
| Dec 18, 2025 | FJET | Starfighters Space, Inc. | $3.59 | -53.20% | $40.0M |
| Dec 17, 2025 | MDLN | Medline Inc. | $29.00 | +23.24% | $6.3B |
| Dec 17, 2025 | CCXIU | Churchill Capital Corp XI | $10.00 | +17.50% | $360.0M |
| Dec 17, 2025 | IRHOU | Iron Horse Acquisition II Corp. | $10.00 | +1.60% | $200.0M |
| Dec 17, 2025 | ANDG | Andersen Group Inc. | $16.00 | +251.50% | $176.0M |
| Dec 16, 2025 | CRANU | Crane Harbor Acquisition Corp. II | $10.00 | +3.10% | $300.0M |
| Dec 12, 2025 | WLTH | WEALTHFRONT CORP | $14.00 | -22.21% | $484.6M |
| Dec 12, 2025 | ITHAU | ITHAX Acquisition Corp III | $10.00 | +1.30% | $200.0M |
| Dec 12, 2025 | TWLVU | Twelve Seas Investment Co III/Cayman | $10.00 | +1.60% | $150.0M |
| Dec 11, 2025 | LMRI | Lumexa Imaging Holdings, Inc. | $18.50 | -44.16% | $462.5M |
| Dec 11, 2025 | KBONU | Karbon Capital Partners Corp. | $10.00 | +2.30% | $300.0M |
| Dec 11, 2025 | BLRKU | Bluerock Acquisition Corp. | $10.00 | +2.00% | $150.0M |
| Dec 10, 2025 | MESHU | Meshflow Acquisition Corp | $10.00 | +2.45% | $300.0M |
| Dec 10, 2025 | CDNL | Cardinal Infrastructure Group Inc. | $21.00 | +19.33% | $241.5M |
| Dec 10, 2025 | JMG | JM Group Ltd | $4.00 | — | $15.0M |
| Dec 9, 2025 | DSACU | Daedalus Special Acquisition Corp. | $10.00 | +3.00% | $225.0M |
| Dec 5, 2025 | LFACU | Leapfrog Acquisition Corp | $10.00 | +1.80% | $125.0M |
| Dec 5, 2025 | REED | REED'S, INC. | $4.00 | -83.83% | $10.0M |
| Dec 4, 2025 | NWAXU | New America Acquisition I Corp. | $10.00 | — | $300.0M |
| Dec 4, 2025 | AEAQU | Activate Energy Acquisition Corp. | $10.00 | +2.90% | $200.0M |
| Dec 4, 2025 | SAC'U | Safeguard Acquisition Corp. | $10.00 | — | $200.0M |
| Dec 4, 2025 | HYNE | Hoyne Bancorp, Inc. | $10.00 | +68.30% | $79.3M |
| Dec 4, 2025 | RGNT | REGENTIS BIOMATERIALS LTD. | $8.00 | -78.75% | $10.0M |
| Dec 4, 2025 | SMJF | SMJ International Holdings Inc. | $4.00 | -69.00% | $10.0M |
| Dec 3, 2025 | SBXEU | SilverBox Corp V | $10.00 | — | $240.0M |
| Dec 3, 2025 | GPACU | General Purpose Acquisition Corp. | $10.00 | +2.00% | $200.0M |
| Dec 3, 2025 | PARK | Park Dental Partners, Inc. | $13.00 | +58.46% | $20.0M |
| Dec 2, 2025 | BIXIU | Bitcoin Infrastructure Acquisition Corp Ltd | $10.00 | +2.00% | $200.0M |
| Nov 26, 2025 | SCIIU | SC II Acquisition Corp. | $10.00 | +3.00% | $150.0M |
| Nov 25, 2025 | IGACU | Invest Green Acquisition Corp | $10.00 | +1.80% | $150.0M |
| Nov 21, 2025 | HCACU | Hall Chadwick Acquisition Corp | $10.00 | +3.20% | $180.0M |
| Nov 20, 2025 | CBC | Central Bancompany, Inc. | $21.00 | +54.14% | $373.3M |
| Nov 19, 2025 | GLOO | Gloo Holdings, Inc. | $8.00 | -52.25% | $72.8M |
| Nov 14, 2025 | WSHP | WeShop Holdings Ltd | — | — | — |
| Nov 13, 2025 | ALUBU | Alussa Energy Acquisition Corp. II | $10.00 | — | $250.0M |
| Nov 13, 2025 | OTH | NextBoat Inc. | $4.00 | — | $15.0M |
| Nov 13, 2025 | POAS | PHAOS TECHNOLOGY HOLDINGS (CAYMAN) Ltd | $4.00 | -96.45% | $14.4M |
| Nov 13, 2025 | CABR | Caring Brands, Inc. | $4.00 | -71.00% | $4.0M |
| Nov 12, 2025 | BPACU | Blueport Acquisition Ltd | $10.00 | +3.00% | $50.0M |
| Nov 11, 2025 | EVOXU | Evolution Global Acquisition Corp | $10.00 | +2.80% | $210.0M |
| Nov 7, 2025 | CRACU | Crown Reserve Acquisition Corp. I | $10.00 | +3.40% | $150.0M |
| Nov 7, 2025 | TDWDU | Tailwind 2.0 Acquisition Corp. | $10.00 | +1.80% | $150.0M |
| Nov 6, 2025 | BLLN | BillionToOne, Inc. | $60.00 | +59.02% | $273.1M |
| Nov 6, 2025 | AERO | Grupo Aeromexico, S.A.B. de C.V. | $19.00 | -16.95% | $222.8M |
| Nov 6, 2025 | EVMN | Evommune, Inc. | $16.00 | -59.94% | $150.0M |
| Nov 5, 2025 | XZO | Exzeo Group, Inc. | $21.00 | -24.33% | $168.0M |
| Nov 5, 2025 | ELWT | Elauwit Connection, Inc. | $9.00 | -33.44% | $15.0M |
| Nov 5, 2025 | MEHA | Functional Brands Inc. | — | — | — |
| Nov 4, 2025 | BETA | BETA Technologies, Inc. | $34.00 | -39.71% | $1.0B |
| Nov 4, 2025 | CEPV | Cantor Equity Partners V, Inc. | $10.00 | +2.60% | $220.0M |
| Nov 4, 2025 | WSTNU | Westin Acquisition Corp | $10.00 | +3.40% | $50.0M |
| Oct 31, 2025 | VACIU | NorthStar Earth & Space Enterprises, Inc. | $10.00 | — | $200.0M |
| Oct 31, 2025 | NOMA | Nomadar Corp. | — | — | — |
| Oct 30, 2025 | NAVN | Navan, Inc. | $25.00 | -7.68% | $923.1M |
| Oct 30, 2025 | DNMXU | Dynamix Corp III | $10.00 | +1.50% | $175.0M |
| Oct 29, 2025 | DYORU | Insight Digital Partners II | $10.00 | +2.20% | $150.0M |
| Oct 28, 2025 | APXTU | Apex Treasury Corp | $10.00 | +2.70% | $300.0M |
| Oct 27, 2025 | MPLT | MapLight Therapeutics, Inc. | $17.00 | -46.18% | $250.8M |
| Oct 24, 2025 | LAFAU | LaFayette Acquisition Corp. | $10.00 | +2.20% | $100.0M |
| Oct 23, 2025 | HAVAU | Harvard Ave Acquisition Corp | $10.00 | +3.00% | $145.0M |
| Oct 23, 2025 | MMTXU | Miluna Acquisition Corp | $10.00 | +1.00% | $60.0M |
| Oct 22, 2025 | ALISU | Calisa Acquisition Corp | $10.00 | +300.00% | $60.0M |
| Oct 22, 2025 | NPT | Texxon Holding Ltd | $5.00 | -50.90% | $9.5M |
| Oct 22, 2025 | AGCC | Agencia Comercial Spirits Ltd. | $4.00 | +269.63% | $7.0M |
| Oct 21, 2025 | BGIN | BGIN BLOCKCHAIN Ltd | $6.00 | -63.50% | $30.0M |
| Oct 21, 2025 | MCTA | Charming Medical Ltd | $4.00 | +633.88% | $6.4M |
| Oct 21, 2025 | AHMA | AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C | $4.00 | -69.00% | $6.0M |
| Oct 17, 2025 | ACCL | Acco Group Holdings Ltd | $4.00 | -37.50% | $5.6M |
| Oct 16, 2025 | SEV | Aptera Motors Corp | — | — | — |
| Oct 16, 2025 | OWLS | OBOOK HOLDINGS INC. | — | — | — |
| Oct 15, 2025 | TCGL | TechCreate Group Ltd. | $4.00 | — | $10.2M |
| Oct 15, 2025 | SLGB | Smart Logistics Global Ltd | $5.00 | -94.31% | $5.0M |
| Oct 14, 2025 | RPGL | Republic Power Group Ltd | $4.00 | +900.00% | $8.5M |
| Oct 9, 2025 | ALH | Alliance Laundry Holdings Inc. | $22.00 | -3.45% | $826.3M |
| Oct 9, 2025 | PXED | Phoenix Education Partners, Inc. | $32.00 | -18.28% | $136.0M |
| Oct 9, 2025 | YDDL | One & one Green Technologies. INC | $5.00 | -73.40% | $10.0M |
| Oct 9, 2025 | LFS | LEIFRAS Co., Ltd. | $4.00 | -44.25% | $5.0M |
| Oct 8, 2025 | POM | POMDOCTOR Ltd | $4.00 | -80.24% | $20.0M |
| Oct 8, 2025 | TTRX | Turn Therapeutics Inc. | — | — | — |
| Oct 7, 2025 | LKSPU | Lake Superior Acquisition Corp | $10.00 | +9.00% | $100.0M |
| Oct 6, 2025 | GIWWU | GigCapital8 Corp. | $10.00 | +6.10% | $220.0M |
| Oct 3, 2025 | RNGTU | Range Capital Acquisition Corp II | $10.00 | +4.60% | $200.0M |
| Oct 3, 2025 | AIIAU | AI Infrastructure Acquisition Corp. | $10.00 | — | $120.0M |
| Oct 3, 2025 | CCHH | CCH Holdings Ltd | $4.00 | -75.25% | $5.0M |
| Oct 2, 2025 | CBK | Commercial Bancgroup, Inc. | $24.00 | +31.38% | $172.2M |
| Oct 1, 2025 | FRMI | Fermi Inc. | $21.00 | -82.57% | $682.5M |
| Oct 1, 2025 | NP | Neptune Insurance Holdings Inc. | $20.00 | +42.20% | $368.4M |
| Oct 1, 2025 | KRSPU | Rice Acquisition Corp 3 | $10.00 | — | $300.0M |
| Oct 1, 2025 | YCYU | AA Mission Acquisition Corp. II | $10.00 | — | $100.0M |
| Oct 1, 2025 | AGRZ | Agroz Inc. | $4.00 | -9.50% | $5.0M |
| Sep 30, 2025 | BCSSU | Bain Capital GSS Investment Corp. | $10.00 | — | $400.0M |
| Sep 30, 2025 | BDCIU | BTC Development Corp. | $10.00 | +2.65% | $220.0M |
| Sep 30, 2025 | APACU | StoneBridge Acquisition II Corp | $10.00 | +3.90% | $50.0M |
| Sep 29, 2025 | KNRX | KNOREX LTD. | $4.00 | -94.92% | $12.0M |
| Sep 26, 2025 | AEXA | American Exceptionalism Acquisition Corp. A | $10.00 | +8.30% | $300.0M |
| Sep 26, 2025 | FCRSU | FutureCrest Acquisition Corp. | $10.00 | — | $250.0M |
| Sep 26, 2025 | MGN | Megan Holdings Ltd. | $4.00 | -15.25% | $5.0M |
| Sep 25, 2025 | DMIIU | Drugs Made In America Acquisition II Corp. | $10.00 | +2.00% | $500.0M |
| Sep 25, 2025 | EMISU | Emmis Acquisition Corp. | $10.00 | — | $100.0M |
| Sep 19, 2025 | PTRN | Pattern Group Inc. | $14.00 | +31.07% | $300.0M |
| Sep 19, 2025 | LATAU | Galata Acquisition Corp. II | $10.00 | +3.00% | $150.0M |
| Sep 19, 2025 | PLTS | Platinum Analytics Cayman Ltd | $4.00 | — | $8.0M |
| Sep 18, 2025 | NTSK | Netskope Inc | $19.00 | +3.21% | $908.2M |
| Sep 17, 2025 | STUB | StubHub Holdings, Inc. | $23.50 | -73.87% | $800.0M |
| Sep 17, 2025 | WBI | WaterBridge Infrastructure LLC | $20.00 | +48.90% | $634.0M |
| Sep 16, 2025 | CHECU | Chenghe Acquisition III Co. | $10.00 | +4.90% | $110.0M |
| Sep 16, 2025 | CHOW | ChowChow Cloud International Holdings Ltd | $4.00 | -85.93% | $10.4M |
| Sep 12, 2025 | LGN | Legence Corp. | $28.00 | +84.11% | $728.0M |
| Sep 12, 2025 | VIA | Via Transportation, Inc. | $46.00 | -32.76% | $492.9M |
| Sep 12, 2025 | GEMI | Gemini Space Station, Inc. | $28.00 | -84.04% | $425.0M |
| Sep 12, 2025 | BRCB | Black Rock Coffee Bar, Inc. | $20.00 | -64.20% | $294.1M |
| Sep 12, 2025 | OTGAU | OTG Acquisition Corp. I | $10.00 | +4.00% | $200.0M |
| Sep 12, 2025 | FOFO | Hang Feng Technology Innovation Co., Ltd. | $4.00 | -49.25% | $5.5M |
| Sep 11, 2025 | FIGR | Figure Technology Solutions, Inc. | $25.00 | +10.40% | $787.5M |
| Sep 11, 2025 | LBRX | LB PHARMACEUTICALS INC | $15.00 | +130.73% | $285.0M |
| Sep 10, 2025 | KLAR | Klarna Group plc | $40.00 | -66.35% | $1.4B |
| Sep 10, 2025 | BLZRU | Trailblazer Acquisition Corp. | $10.00 | +3.50% | $240.0M |
| Sep 9, 2025 | TLNCU | Talon Capital Corp. | $10.00 | +4.60% | $225.0M |
| Sep 9, 2025 | ZGM | Zenta Group Co Ltd | $4.00 | — | $6.0M |
| Sep 4, 2025 | SVACU | General Fusion Group Ltd. | $10.00 | — | $200.0M |
| Sep 4, 2025 | GSRFU | GSR IV Acquisition Corp. | $10.00 | +5.80% | $200.0M |
| Sep 4, 2025 | FCHL | Fitness Champs Holdings Ltd | $4.00 | -77.00% | $15.0M |
| Aug 29, 2025 | PMI | Picard Medical, Inc. | $4.00 | +142.00% | $17.0M |
| Aug 28, 2025 | TGHL | GrowHub Ltd | $4.00 | -81.43% | $15.0M |
| Aug 28, 2025 | ELOG | Eastern International Ltd. | $4.00 | -81.77% | $6.4M |
| Aug 28, 2025 | THH | TryHard Holdings Ltd | $4.00 | -66.00% | $6.1M |
| Aug 27, 2025 | MBVIU | M3-Brigade Acquisition VI Corp. | $10.00 | +3.00% | $300.0M |
| Aug 27, 2025 | KOYNU | CSLM Digital Asset Acquisition Corp III, Ltd | $10.00 | +3.20% | $200.0M |
| Aug 26, 2025 | CURX | Curanex Pharmaceuticals Inc | $4.00 | +19.00% | $15.0M |
| Aug 21, 2025 | CEPF | Cantor Equity Partners IV, Inc. | $10.00 | +2.70% | $400.0M |
| Aug 21, 2025 | ETS | Elite Express Holding Inc. | $4.00 | -63.00% | $15.2M |
| Aug 19, 2025 | YMT | Yimutian Inc. | $4.10 | -73.17% | $20.5M |
| Aug 15, 2025 | NUTR | NUSATRIP Inc | $4.00 | — | $15.0M |
| Aug 15, 2025 | PPCB | Propanc Biopharma, Inc. | $4.00 | -88.22% | $4.0M |
| Aug 14, 2025 | MIAX | MIAMI INTERNATIONAL HOLDINGS, INC. | $23.00 | +33.48% | $345.0M |
| Aug 14, 2025 | BUUU | BUUU Group Ltd | $4.00 | +920.75% | $6.0M |
| Aug 14, 2025 | RYOJ | rYojbaba Co., Ltd. | $4.00 | -27.25% | $5.0M |
| Aug 13, 2025 | BLSH | Bullish | $37.00 | -15.11% | $1.1B |
| Aug 13, 2025 | NSRX | Nasus Pharma Ltd | $8.00 | -54.62% | $10.0M |
| Aug 12, 2025 | HVMCU | Highview Merger Corp. | $10.00 | +4.25% | $200.0M |
| Aug 12, 2025 | MKLYU | McKinley Acquisition Corp | $10.00 | +5.00% | $150.0M |
| Aug 12, 2025 | MAGH | Magnitude International Ltd | $4.00 | +69.00% | $8.8M |
| Aug 8, 2025 | HTFL | Heartflow, Inc. | $19.00 | +150.68% | $316.7M |
| Aug 8, 2025 | SSEAU | STARRY SEA ACQUISITION CORP | $10.00 | +4.40% | $50.0M |
Frequently asked questions
- How many IPOs were there in 2025?
- 372 companies priced IPOs on US exchanges in 2025, raising about $70.6B combined.
- What was the biggest IPO of 2025?
- Medline Inc. (MDLN) was the largest 2025 IPO by deal size, raising about $6.3B.
- What is the best-performing IPO of 2025?
- Mega Fortune Co Ltd (MGRT) has the highest return since listing among 2025 IPOs, up 2450.0% from its offer price.
- What does "return since IPO" mean?
- It is the percentage change from the price at which shares were sold in the IPO to the latest market price. Investors who bought on the first trading day often paid more than the offer price, so their return can differ.
More on IPOs
IPO data from exchange and SEC filings via third-party vendors. Market data is delayed at least 15 minutes and provided for informational purposes only. Not investment advice. Full disclaimer