StockData

2025 IPOs

Every company that listed on a US exchange in 2025 through an IPO or as a SPAC, from the final prospectus filed with the SEC (Form 424B4).

IPOs
195
plus 128 SPACs
Money raised
$51.38B
IPOs and SPACs, at the offer price
Median first day
+4.2%
First close vs offer price
Above offer today
30%
Median since IPO −40.9%

IPOs (195)

Operating companies, newest first.

CompanyDateExchangeOffer priceSharesRaisedFirst dayPriceSince IPO
andgAndersenDec 17, 2025NYSE$16.0011,000,000$176.00M+46.9%$65.55+309.7%
mdlnMedlineDec 17, 2025Nasdaq$29.00216,034,482$6.26B+41.4%$32.12+10.8%
wlthWealthfrontDec 12, 2025Nasdaq$14.0034,615,384$484.62M–$10.27−26.6%
lmriLumexa ImagingDec 11, 2025Nasdaq–25,000,000––$11.41–
cdnlCardinal InfrastructureDec 10, 2025Nasdaq$21.0011,500,000$241.50M–$15.25−27.4%
smjfSMJ InternationalDec 4, 2025NYSE American$4.00––+12.7%$1.55−61.3%
parkPark Dental PartnersDec 3, 2025Nasdaq$13.001,535,000$19.96M−21.2%$21.09+62.2%
cbcCentral BancompanyNov 21, 2025Nasdaq$21.0017,778,000$373.34M–$35.92+71.0%
glooGlooNov 18, 2025Nasdaq$8.009,100,000$72.80M0.0%$2.93−63.4%
wshpWeShopNov 14, 2025Nasdaq––––$2.34–
nxbNextBoatNov 13, 2025NYSE$4.003,750,000$15.00M−5.0%$1.46−63.5%
poasPhaos Technology Holdings (Cayman)Nov 13, 2025NYSE$4.00––−3.8%$0.084−97.9%
bllnBillionToOneNov 6, 2025Nasdaq$60.004,551,100$273.07M–$113.32+88.9%
evmnEvommuneNov 6, 2025NYSE$16.009,375,000$150.00M+26.4%$6.73−57.9%
mehaFunctional BrandsNov 5, 2025Nasdaq–17,883,693––$0.0044–
betaBETA TechnologiesNov 4, 2025NYSE$34.0029,852,941$1.01B+5.9%$20.05−41.0%
nomaNomadarOct 31, 2025Nasdaq–13,268,718––$1.52–
navnNavanOct 30, 2025Nasdaq$25.0030,000,000$750.00M−20.0%$26.10+4.4%
lafaLaFayette AcquisitionOct 24, 2025–$10.0010,000,000$100.00M+0.1%$10.21+2.1%
agccAgencia Comercial SpiritsOct 22, 2025Nasdaq$4.00––+51.2%$14.85+271.3%
nptTexxonOct 22, 2025Nasdaq$5.00–––$1.80−64.0%
ahmaAmbitions Enterprise Management Co. L.L.COct 21, 2025Nasdaq$4.00––+16.3%$1.14−71.5%
bginBgin BlockchainOct 21, 2025Nasdaq$6.00––−17.3%$1.76−70.7%
mctaCharming MedicalOct 21, 2025Nasdaq–75,000,000––$29.36–
acclAccoOct 17, 2025Nasdaq––––$2.50–
owlsObookOct 16, 2025Nasdaq–2,757,168––$2.45–
slgbSmart Logistics GlobalOct 15, 2025Nasdaq$5.00––+5.6%$0.3051−93.9%
sevAptera MotorsOct 14, 2025Nasdaq–31,741,948––$1.65–
alhAlliance LaundryOct 9, 2025NYSE$22.0037,560,974$826.34M+12.8%$21.98−0.1%
lfsLeifrasOct 9, 2025Nasdaq$4.001,250,000$5.00M−22.3%$2.08−48.0%
yddlOne & one Green Technologies.Oct 9, 2025Nasdaq$5.00––+8.4%$0.9552−80.9%
pxedPhoenix Education PartnersOct 9, 2025NYSE$32.004,250,000$136.00M+19.2%$23.93−25.2%
pomPomdoctorOct 8, 2025Nasdaq–5,000,004––$0.0856–
ttrxTurn TherapeuticsOct 8, 2025Nasdaq$11.6517,868,760$208.17M–$10.43−10.5%
cchhCCHOct 3, 2025Nasdaq––––$0.0889–
wamffAlaska SilverOct 2, 2025––18,460,000––$0.3756–
cbkCommercial BancgroupOct 2, 2025Nasdaq$24.007,173,092$172.15M0.0%$32.87+37.0%
frmiFermiOct 1, 2025Nasdaq$21.0032,500,000$682.50M+54.9%$2.61−87.6%
npNeptune InsuranceOct 1, 2025NYSE$20.0018,421,053$368.42M–$29.18+45.9%
kidzKidz AiSep 30, 2025Nasdaq–17,249,987––$0.0002–
phxe.pPhoenix Energy OneSep 30, 2025–––––$25.25–
knrxKnorexSep 29, 2025NYSE American––––$0.146–
mgnMeganSep 26, 2025Nasdaq––––$0.0021–
ptrnPatternSep 19, 2025Nasdaq$14.0021,428,572$300.00M–$16.59+18.5%
ntskNetskopeSep 18, 2025Nasdaq$19.0047,800,000$908.20M+18.4%$24.30+27.9%
stubStubHubSep 17, 2025NYSE$23.5034,042,553$800.00M−6.4%$5.78−75.4%
wbiWaterBridge InfrastructureSep 17, 2025NYSE$20.0031,700,000$634.00M+14.1%$30.78+53.9%
chowChowChow Cloud InternationalSep 16, 2025NYSE American$4.00––+215.3%$4.40+10.0%
lgnLegenceSep 15, 2025Nasdaq$28.0026,000,000$728.00M–$38.83+38.7%
viaVia TransportationSep 15, 2025NYSE$46.0010,714,285$492.86M–$36.49−20.7%

SPACs (128)

Blank-check companies, which raise money first and look for a business to buy later.

CompanyDateExchangeOffer priceSharesRaisedFirst dayPriceSince IPO
svaqSilicon Valley AcquisitionDec 23, 2025––20,000,000––$10.15–
scpqSocial Commerce PartnersDec 23, 2025–$10.0010,000,000$100.00M0.0%$10.14+1.4%
adacAmerican Drive AcquisitionDec 19, 2025–$10.0020,000,000$200.00M–$10.08+0.8%
bebeTGE Value Creative SolutionsDec 19, 2025NYSE$10.0015,000,000$150.00M–$10.05+0.5%
lpcvLaunchpad Cadenza Acquisition Corp IDec 18, 2025Nasdaq$10.0020,000,000$200.00M0.0%$10.13+1.3%
vhcpVine Hill Capital Investment Corp. IIDec 18, 2025Nasdaq$10.0020,000,000$200.00M+0.4%$10.10+1.0%
ccxiChurchill Capital Corp XIDec 17, 2025–$10.0036,000,000$360.00M–$8.15−18.5%
irhoIron Horse Acquisition IIDec 17, 2025Nasdaq–20,000,000––$10.09–
cranCrane Harbor Acquisition Corp. IIDec 16, 2025–$10.00–––$10.13+1.3%
ithaITHAX Acquisition Corp IIIDec 12, 2025Nasdaq$10.0020,000,000$200.00M−0.3%$10.08+0.8%
twlvTwelve Seas Investment Co IIIDec 12, 2025–$10.0015,000,000$150.00M–$10.10+1.0%
blrkBluerock AcquisitionDec 11, 2025Nasdaq$10.0015,000,000$150.00M0.0%$10.13+1.2%
kbonKarbon Capital PartnersDec 11, 2025Nasdaq$10.0030,000,000$300.00M+0.5%$10.13+1.3%
dsacDaedalus Special AcquisitionDec 10, 2025–$10.0022,500,000$225.00M–$10.11+1.1%
meshMeshflow AcquisitionDec 10, 2025Nasdaq$10.0030,000,000$300.00M+0.1%$10.10+1.0%
lfacLeapfrog AcquisitionDec 5, 2025–$10.0012,500,000$125.00M–$10.10+1.0%
aeaqActivate Energy AcquisitionDec 4, 2025–$10.0020,000,000$200.00M0.0%$10.10+1.0%
nwaxNew America Acquisition IDec 4, 2025–$10.0030,000,000$300.00M+3.5%$10.05+0.5%
sacSafeguard AcquisitionDec 4, 2025–$10.0020,000,000$200.00M+0.6%$10.12+1.2%
gpacGeneral Purpose AcquisitionDec 3, 2025–$10.0020,000,000$200.00M–$10.12+1.2%
sbxeSilverBox Corp VDec 3, 2025NYSE$10.0024,000,000$240.00M+0.4%$10.11+1.1%
bixiBitcoin Infrastructure AcquisitionDec 2, 2025––20,000,000––$10.12–
sciiSC II AcquisitionNov 26, 2025Nasdaq$10.0015,000,000$150.00M–$10.18+1.8%
igacInvest Green AcquisitionNov 25, 2025–$10.0015,000,000$150.00M–$10.12+1.2%
hcacHall Chadwick AcquisitionNov 21, 2025–$10.0018,000,000$180.00M–$10.14+1.4%
alubAlussa Energy Acquisition Corp. IINov 13, 2025–$10.0025,000,000$250.00M+0.4%$10.15+1.5%
bpacBlueport AcquisitionNov 12, 2025––5,000,000––$10.24–
evoxEvolution Global AcquisitionNov 11, 2025Nasdaq$10.003,000,000$30.00M+1.3%$10.14+1.4%
tdwdTailwind 2.0 AcquisitionNov 7, 2025–$10.0015,000,000$150.00M+0.4%$10.14+1.4%
cracCrown Reserve Acquisition Corp. INov 6, 2025Nasdaq$10.0015,000,000$150.00M–$10.27+2.7%
wstnWestin AcquisitionNov 5, 2025––5,000,000––$10.25–
cepvCantor Equity Partners VNov 4, 2025–$10.00––+3.0%$10.21+2.1%
nstrNorthStar Earth & Space EnterprisesOct 31, 2025–$10.0020,000,000$200.00M–$3.32−66.8%
dnmxDynamix Corp IIIOct 30, 2025Nasdaq$10.0017,500,000$175.00M+1.2%$10.12+1.2%
dyorInsight Digital Partners IIOct 29, 2025Nasdaq$10.0015,000,000$150.00M+1.3%$10.17+1.7%
apxtApex TreasuryOct 28, 2025Nasdaq$10.00–––$10.15+1.5%
mmtxMiluna AcquisitionOct 23, 2025–$10.006,000,000$60.00M−0.1%$10.27+2.7%
alisCalisa AcquisitionOct 22, 2025Nasdaq$10.006,000,000$60.00M−0.1%$8.55−14.5%
havaHarvard Ave AcquisitionOct 22, 2025––2,175,000––$10.28–
lkspLake Superior AcquisitionOct 7, 2025–$10.0010,000,000$100.00M0.0%$10.29+2.9%
giwGigCapital8Oct 6, 2025––22,000,000––$10.19–
aiiaAI Infrastructure AcquisitionOct 3, 2025–$10.0012,000,000$120.00M+0.2%$10.31+3.1%
rngtRange Capital Acquisition Corp IIOct 3, 2025–$10.0020,000,000$200.00M0.0%$10.20+2.0%
ycyAA Mission Acquisition Corp. IIOct 1, 2025NYSE$10.0010,000,000$100.00M−0.4%$10.33+3.3%
krspRice Acquisition Corp 3Oct 1, 2025–$10.0030,000,000$300.00M+3.0%$10.46+4.6%
apacStoneBridge Acquisition IIOct 1, 2025–$10.005,000,000$50.00M–$10.34+3.4%
bdciBTC DevelopmentSep 30, 2025Nasdaq–22,000,000––$10.17–
bcssBain Capital GSS InvestmentSep 30, 2025–$10.0040,000,000$400.00M+0.9%$10.24+2.3%
aexaAmerican Exceptionalism Acquisition Corp. ASep 26, 2025–$10.00––+6.1%$10.77+7.7%
emisEmmis AcquisitionSep 26, 2025–$10.0010,000,000$100.00M–$10.31+3.1%

Uplistings and other offerings (14)

Companies that sold shares under a final prospectus while moving to a major exchange, usually from the OTC market.

CompanyDateExchangeOffer priceSharesRaisedFirst dayPriceSince IPO
glibaLiberty CapitalNov 26, 2025Nasdaq–11,028,905––$22.48–
cabrCaring BrandsNov 14, 2025Nasdaq–1,000,000––$1.13–
rubiRubicoNov 6, 2025Nasdaq$0.60912,315,270$7.50M–$0.0004−99.9%
mbxMBX BiosciencesSep 25, 2025Nasdaq$18.0011,108,055$199.94M–$55.87+210.4%
sndkSandiskJun 6, 2025Nasdaq$38.5018,534,581$713.58M–$1,150.89+2889.3%
glxyGalaxy DigitalMay 30, 2025Nasdaq$19.0031,600,000$600.40M–$16.00−15.8%
sbetSharplinkMay 20, 2025Nasdaq$2.9434,000$99.96K–$6.74+129.3%
twodTwo Harbors InvestmentMay 16, 2025NYSE–11,500,000––$25.92–
mdxrMedical ExerciseMay 1, 2025––2,222,000––––
clikClickApr 2, 2025Nasdaq––––$0.0213–
mkdwMKDWELL TechMar 13, 2025–––––$0.0051–
amtmAmentumMar 12, 2025NYSE$16.5019,464,174$321.16M–$21.87+32.5%
pusaPowerusFeb 12, 2025–––––$1.69–
dgnxDiginexJan 22, 2025–––––$1.40–

See recent IPOs and lockup dates. Returns use prices adjusted for later stock splits.