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IPOS IN THE NEWS

Twenty One Capital (Cantor Equity Partners) logo

DAT SPAC: The crypto sell-off has punished digital asset treasury companies, so where does that leave these 10 SPAC deals?

Record high crypto prices in 2025 fueled a wave of digital asset treasury (“DAT”) companies announcing SPAC mergers, but a major crypto sell-off has turned that enthusiasm into a rout, and DATs that once traded at a premium to NAV now trade at a...read more

MDA Space logo

Canada-listed satellite provider MDA Space files for a $300 million US IPO

MDA Space, a Canada-based provider of satellite systems, space robotics, and geospatial intelligence, filed on Tuesday with the SEC to raise up to $300 million in an initial public offering. The company is currently listed on the Toronto Stock Exchange (MDA). ...read more

Vistek logo

Singapore infrastructure services firm Vistek increases proposed US IPO deal size to $31 million

Vistek, which provides cable laying services for power networks and telecoms in Singapore, raised the proposed deal size for its upcoming IPO on Tuesday.  The Singapore-based company now plans to raise $31 million by offering 6.3 million shares (40%...read more

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IPO ETF

U.S. IPO Performance

INVEST IN THE IPO ETF
Ticker Company Ticker
Trade
Date
Shares (M) Price Range Deal Size ($M) Underwriters
CAST FreeCast CAST 00/00/00 19.8 $33.00 - $33.00 $ Maxim
PAYP PayPay PAYP 00/00/00 55.0 $17.00 - $20.00 $1,017 Goldman
JP Morgan
MDA MDA Space MDA 00/00/00 9.7 $30.98 - $30.98 $300 JP Morgan
RBC

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Ticker Company Ticker Offer Date Deal Size ($M) Current Price Today's Change Return from IPO
CAST FreeCast CAST 03/10/26 $ $9.13
$-23.87
(-72.3%)
-72.3%
MMED MiniMed MMED 03/05/26 $560 $18.33
$+0.33
(1.8%)
-8.4%
GENB Generate Biomedicines GENB 02/26/26 $400 $12.21
$+0.04
(0.3%)
-23.7%

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The IPO price is the price the underwriters will sell stock to institutional and accredited investors. Learn more at IPO University

2025 US Market Review

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Pricing Activity

IPO Proceeds Raised

IPO ETF

NEW STOCKS ONLY
(Avg. Age 1.3 Years)

0.1%
overlap*

S&P 500

OLDER STOCKS
(Avg. Age 43 Years)

*By Weight, as of 01/01/2025

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The IPO ETF has almost NO Overlap with the S&P 500

The IPO ETF only contains New Stocks

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