5 Upcoming IPOs to Watch in 2025 – foolinvestor.com
With IPO momentum picking up in mid-2025, investors are watching closely as some major players prepare to hit the public markets. Despite economic uncertainties, these IPOs represent big moves in fintech, healthcare, and crypto. Here’s a quick look at the five biggest upcoming or recent IPOs of 2025.
1. Chime Financial Inc. (CHYM)
Estimated Valuation: ~$11–12 billion
IPO Status: Debuted June 12, 2025
Chime made a strong Nasdaq debut, pricing shares at $27 and surging over 59% on day one, closing at around $37. The neobank raised $864 million and reported profitability in Q1 2025—a major shift from its previous losses. As demand for digital banking grows, Chime is now a serious contender in the fintech space.
2. Circle Internet Group Inc. (CRCL)
Estimated Valuation: ~$7 billion (pre-IPO), surged to ~$18 billion post-IPO
IPO Status: Debuted June 5, 2025
Circle, the company behind the USDC stablecoin, saw a massive first-day pop of 168% on the NYSE. Shares closed at $83.23, indicating strong market demand for regulated crypto infrastructure. Backed by strong fundamentals and interest in digital currency, Circle’s IPO is one of the year’s hottest so far.
3. Medline Industries LP
Estimated Valuation: ~$50 billion
IPO Status: Planned for Q2–Q3 2025
Medline is expected to be one of the largest healthcare IPOs in U.S. history. The medical supply giant has confidentially filed paperwork and is reportedly working with major banks like Goldman Sachs and Morgan Stanley to raise around $5 billion. With its stable growth and massive market presence, Medline is a blue-chip IPO to watch.
4. Klarna Bank AB
Estimated Valuation: ~$15 billion
IPO Status: Likely H2 2025
The buy-now-pay-later giant Klarna has delayed its IPO plans slightly due to market conditions but remains firmly on the IPO path. Reports suggest Klarna will list on the NYSE, with backing from major investment banks. With Klarna’s user base and revenue showing solid growth, its public debut could be a game-changer in the fintech space.
5. Revolut Group Holdings Ltd.
Estimated Valuation: ~$45 billion
IPO Status: Expected late 2025 or early 2026
Revolut has grown into one of the world’s biggest digital banks, boasting over 50 million users and 72% revenue growth in 2024. While the IPO date remains fluid, reports suggest the company may be considering U.S. listing options and could raise funding via tender offers before a formal debut. Investors are closely monitoring for official updates.
Final Thoughts
From fintech disruptors to healthcare giants, these five IPOs are shaping up to be some of the most exciting public offerings of 2025. Whether you’re a retail investor or just tracking market trends, keep these names on your radar—they could define the investment landscape for years to come.
