The IPO market is booming-and more big listings like Klarna and StubHub could come this fall
Briefly

The IPO market has shown significant recovery after more than three years of stagnation, marked by notable successes from companies like Circle and CoreWeave. In 2025, 95 companies have gone public in the U.S., raising $15.6 billion, reflecting a 30% increase compared to the previous year. Although the current activity is the highest since 2021, it doesn't match the frenzied environment of earlier years. Experts predict a cautious yet optimistic outlook for future IPOs, while acknowledging risks such as geopolitical tensions and tariffs that may impact this revival.
While market conditions remain dynamic, the pipeline remains robust as companies continue to prepare for public market debuts, indicating a potential resurgence in IPO activity.
The IPO market is back from the dead because the last three years were so awful. But I wouldn't say it's vibrant. I would say it's still pretty selective.
Read at Fortune
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