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2025 initial public offerings

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eToro
250px|thumb|right|Yoni (left) and Ronen Assia, and their father, David Assia, former chairman of eToro eToro Group Ltd. is an Israeli multi-asset investment and social trading company focused on providing financial services. eToro was founded in 2007 in Tel Aviv by Yoni Assia, Ronen Assia, and David Ring. The company's headquarters are located in Central Israel, with global offices in Cyprus, United Kingdom, United States, Australia, Germany and UAE. At the beginning of 2025, the company filed for Nasdaq (U.S.) listing and went public on 14 May. In May 2025, eToro had 40 million registere
Chery Automobile
Chery Automobile Co. Ltd., trading as Chery (), is a Chinese automobile manufacturer. Founded in 1997, it is currently the third largest automobile manufacturer group in China, with 2,806,393 vehicles sold in 2025. The company is headquartered in Wuhu, Anhui.
Figma
Figma is a collaborative web application for interface design, with additional offline features enabled by desktop applications for macOS and Windows. The feature set of Figma focuses on user interface and user experience design, with an emphasis on real-time collaboration, utilizing a variety of vector graphics editor and prototyping tools. The Figma mobile app for Android and iOS allows viewing and interacting with Figma prototypes in real-time on mobile and tablet devices.
Contemporary Amperex Technology Co. Limited
Contemporary Amperex Technology Co., Limited, (CATL) is a Chinese battery manufacturer and technology company founded in 2011 that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage systems, as well as battery management systems (BMS). CATL is the biggest EV and energy storage battery manufacturer in the world, with a global market share of around 37% and 36.8% respectively in 2022 and 2023. It is headquartered in Ningde, Fujian province, where it maintains its flagship manufacturing hub.
Mixue Ice Cream & Tea
company based in Zhengzhou, Henan, China, running ice cream and beverage shops
Firefly Aerospace
private aerospace firm based in US
Klarna
Klarna Group plc, commonly referred to as Klarna, is a fintech company and digital bank. Founded in Sweden in 2005, it is domiciled in London and listed on the New York Stock Exchange. Klarna provides online financial services to 114 million consumers and partners with 850,000 merchants globally. Initially offering buy now, pay later services, Klarna has expanded its service offering to include interest-free payments, digital banking services and retail and marketing services for the e-commerce industry. As of 2025, it has 4 million debit and credit card clients.
SANY Heavy Industry Co., Ltd
Sany Heavy Industry Co., Ltd. is a Chinese multinational heavy equipment manufacturing company headquartered in Changsha, Hunan. It is the 3rd-largest heavy equipment manufacturer in the world, and the first in its industry in China to enter the FT Global 500 and the Forbes Global 2000 rankings. In 2025, Sany ranked 54th on China's 500 Most Influential Brands list and 108th in Asia's 500 Most Influential Brands by World Brand Lab. Its founder and main shareholder is Liang Wengen.
McGraw-Hill Education
educational science, technology, engineering, and math publisher
Newsmax
Newsmax, Inc. (or Newsmax.com, previously styled NewsMax) is an American cable news, political opinion commentary, and digital media company founded by Christopher Ruddy in 1998. It has been variously described as conservative, right-wing, and far-right. Newsmax Media divisions include its cable and broadcast channel Newsmax TV; its website Newsmax.com, which includes Newsmax Health and Newsmax Finance; and Newsmax magazine, its monthly print publication. The company went public in March 2025.
Insta360
Arashi Vision Inc. (; pinyin: Yǐngshí Chuàngxīn Kējì Gǔfèn Yǒuxiàn Gōngsī), doing business as Insta360, is a Chinese camera company headquartered in Shenzhen, China. It is known for its action cameras and 360-degree cameras, including the flagship X-series and the miniature GO series. The company has partnered with Leica on some of its products, and its professional cameras have been used by NASA for live streaming events. In 2024, the company reported $780M in revenue and $131M in net profit.
Seres Group
Chinese vehicle manufacturer
Circle
peer-to-peer payments technology company
Verisure
Verisure plc (formerly known as Securitas Direct) is a security company based in Versoix, close to Geneva in Switzerland and active in 17 countries in Europe and South America and provides security services to 5.7 million families and businesses. Hellman & Friedman is currently the main shareholder in the group but announced plans to take the company public in October 2025.
SBI Shinsei Bank
company
The Magnum Ice Cream Company
Dutch multinational ice cream company
Chagee
Jiangsu Hengrui Medicine
Chinese pharmaceutical company
CoreWeave
CoreWeave, Inc. is an American artificial intelligence (AI) cloud-computing company based in Livingston, New Jersey. It specializes in providing cloud-based graphics processing unit (GPU) infrastructure to AI developers and enterprises, and also develops its own chip management software.
MetaX
MetaX Integrated Circuits (Shanghai) Co., Ltd (MetaX; ) is a Chinese technology company headquartered in Shanghai.
Meesho
Meesho Limited (short for Meri shop, My shop) is an Indian e-commerce company, headquartered in Bengaluru.'''''' Founded by Vidit Aatrey and Sanjeev Barnwal in December 2015, Meesho is an online marketplace that facilitates trade between suppliers and customers. The company operates in categories such as fashion, home and kitchen, beauty and personal care, electronics accessories, and daily use products.
Moore Threads
Chinese fabless semiconductor company
StubHub
StubHub is an American ticket resale broker and a primary ticket outlet. It is a subsidiary of StubHub Holdings, which also owns Viagogo.
Foshan Haitian Flavouring & Food Co
company
Physics Wallah
Indian education company
Gemini
US-based cryptocurrency exchange and custodian
FWD Group
insurance company based in Hong Kong
Orion Breweries
beer brewery in Japan
Ather Energy
Indian electric vehicle manufacturer company
LG CNS
Provider of information technology services
Chime
American financial services company