Upcoming IPO in USA 2025 – Full List of Major IPOs Introduction – Why IPOs in USA 2025 Are Important?
An Initial Public Offering (IPO) is the process by which a private company offers its shares to the public for the first time. It allows businesses to raise capital, expand operations, and gain global recognition. For investors, IPOs are golden opportunities to invest early in potentially high-growth companies.
The year 2025 is being seen as a blockbuster for the US IPO market. Many big names from technology, fintech, green energy, AI, gaming, and e-commerce are preparing to go public. With interest rates stabilizing and the US economy recovering, analysts expect IPO volumes in 2025 to cross record levels.
What is ipo ?
An IPO (Initial Public Offering) is the process through which a private company offers its shares to the public for the first time. By launching an IPO, a company gets listed on a stock exchange, allowing individual and institutional investors to buy its shares. Companies usually go public to raise funds for business expansion, new projects, acquisitions, or to repay existing debts.
When investors buy shares during an IPO, they become partial owners of the company. For example, if a company is valued at $5 billion and decides to sell 10% of its ownership through an IPO, the public can invest in that portion. This makes the company more transparent and accountable since it has to follow strict regulations after being listed.
For investors, IPOs are attractive because they offer a chance to invest in a growing company at an early stage. If the company performs well, its stock price may rise significantly, generating high returns. However, IPOs also carry risks. Prices can be volatile after listing, and if the company fails to meet market expectations, investors may face losses.
US IPO Market Trend in 2025
Compared to the last two years, 2025 is much stronger for IPOs. The US Securities and Exchange Commission (SEC) has already received filings from dozens of unicorns. Investors are particularly excited about AI-driven companies, space technology, clean energy, and crypto firms.
Key Highlights of the US IPO market in 2025:
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AI & Data IPOs (Databricks, Dataminr) are highly anticipated.
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Fintech IPOs (Stripe, Klarna, Chime, Plaid) are expected to dominate the market.
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Mega IPOs like SpaceX Starlink, Shein, and Epic Games could raise billions of dollars.
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Retail investors are showing strong interest in consumer-tech IPOs such as Reddit and Discord.
Upcoming IPO List in USA 2025
Company | Industry | Expected Valuation |
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Legence (LGN) | Engineering & Services | $3–4 Billion |
Via (VIA) | Transit-Tech | $2–3 Billion |
Gemini (GEMI) | Cryptocurrency Exchange | $7–8 Billion |
Stripe | Fintech | $50–60 Billion |
SpaceX (Starlink division) | Aerospace & Satellite Internet | $70–80 Billion |
Instacart | E-Commerce / Grocery Delivery | $10–12 Billion |
Klarna | Buy Now Pay Later (BNPL) Fintech | $15–20 Billion |
Databricks | AI & Big Data | $30–35 Billion |
Social Media | $5–7 Billion | |
Shein | Fashion E-Commerce | $40–50 Billion |
Chime | Digital Banking | $15–18 Billion |
Epic Games | Gaming | $25–30 Billion |
Discord | Social Communication | $12–15 Billion |
Rivian (Follow-on) | Electric Vehicles | $10–12 Billion |
Impossible Foods | Plant-based Food Tech | $8–10 Billion |
Plaid | Fintech API | $13–15 Billion |
Fanatics | Sports Merchandise & NFT | $18–20 Billion |
Dataminr | AI & Analytics | $8–9 Billion |
Stripe’s Spin-off (Payment Infra) | Fintech | $5–7 Billion |
Neuralink | Neurotechnology | $8–10 Billion |
Company Profiles & IPO Insights
1. Legence (LGN)
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Industry: Engineering & Services
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Valuation: $3–4 Billion
Legence is focusing on green infrastructure & sustainability projects. With the Biden administration’s push towards clean energy, this IPO could attract investors interested in long-term ESG (Environmental, Social, Governance) growth.
2. Via (VIA)
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Industry: Transit-Tech
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Valuation: $2–3 Billion
Via offers smart mobility solutions for urban areas. Its technology helps optimize public transport systems, making cities more efficient. Growing demand for smart cities makes this IPO promising.
3. Gemini (GEMI)
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Industry: Cryptocurrency Exchange
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Valuation: $7–8 Billion
Founded by the Winklevoss Twins, Gemini is one of the most trusted US-based crypto exchanges. With Bitcoin ETFs gaining approval, Gemini’s IPO could be a big hit if the crypto market remains bullish.
4. Stripe
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Industry: Fintech
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Valuation: $50–60 Billion
Stripe is a global leader in online payment infrastructure. Serving companies like Amazon, Shopify, and Airbnb, Stripe’s IPO is expected to be one of the biggest of 2025.
5. SpaceX (Starlink)
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Industry: Aerospace & Satellite Internet
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Valuation: $70–80 Billion
Elon Musk’s Starlink project aims to provide internet worldwide through satellites. With millions of active users already, this IPO is expected to be a blockbuster listing.
6. Instacart
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Industry: Grocery Delivery
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Valuation: $10–12 Billion
Instacart became popular during the pandemic. With more people shopping online, its IPO could attract strong interest from retail investors.
7. Klarna
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Industry: BNPL Fintech
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Valuation: $15–20 Billion
The Buy Now, Pay Later trend is booming, and Klarna is one of the biggest global players. However, competition and regulatory risks are worth noting.
8. Databricks
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Industry: AI & Big Data
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Valuation: $30–35 Billion
Databricks provides AI-powered data analytics solutions. With the AI revolution, this IPO could deliver strong long-term returns.
9. Reddit
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Industry: Social Media
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Valuation: $5–7 Billion
Reddit has a strong community-driven model. Its IPO will test if niche social media platforms can attract institutional investors.
10. Shein
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Industry: Fashion E-Commerce
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Valuation: $40–50 Billion
Shein has disrupted the fashion industry with fast and affordable clothing. Despite regulatory challenges, this could be one of the most talked-about IPOs of 2025.
Investor Tips for Upcoming US IPOs 2025
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Always read the company’s S-1 filing with the SEC before investing.
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Avoid IPO hype – many IPOs list high but correct later.
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Look at valuation vs. revenue. Overpriced IPOs can be risky.
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Diversify your portfolio instead of putting all money into a single IPO.
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Keep an eye on market conditions; IPO performance often depends on interest rates and investor sentiment.
Conclusion
The Upcoming IPOs in USA 2025 include some of the biggest names in the tech world and disruptive startups with high growth potential. From SpaceX and Stripe to Databricks and Neuralink, the IPO calendar is packed with opportunities for investors.
However, IPOs also carry risks. It’s essential to analyze fundamentals, industry trends, and valuations before making decisions. If you are looking to enter early into next-generation businesses, 2025 could be your year.