The U.S. IPO market delivered a strong performance in 2025. With the third-highest number of IPOs in any year in the past decade, surging deal sizes and the return of fintech issuers, 2025 brought a continued IPO growth trajectory. The 2026 calendar year started strong but has since been tempered by geopolitical events and market volatility.
Source: 2025 Going Public: US IPO Report