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IPOS IN THE NEWS

WLTH

US IPO Weekly Recap: Wealthfront leads 4 IPO week, while United Rentals challenger submits filings

Four IPOs and six SPACs debuted this week. Eight IPOs and four SPACs submitted filings. Digital investing platform Wealthfront (WLTH) priced at the top of the range to raise $485 million at a $2.6 billion market cap. Known as a “robo-advisor,”...read more

MDLN

US IPO Week Ahead: Medline’s $5 billion debut to take center stage, as tax firm Andersen joins

While the government shutdown pushed many IPOs to next year, 2025 still has more notable listings in store. Two sizable deals are currently scheduled for the week ahead. Medical supplies giant Medline (MDLN) plans to raise $5.0 billion at a $37.3...read more

CGL Logistics Holdings logo

Hong Kong freight forwarding services provider CGL Logistics cuts deal size by 53% ahead of $7 million US IPO

CGL Logistics Holdings, a Hong Kong-based provider of freight forwarding services, lowered the proposed deal size for its upcoming IPO on Friday. The Hong Kong-based company now plans to raise $7 million by offering 1.8 million shares at a price of $4. The...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
MDLN Medline MDLN 00/00/00 179.0 $26.00 - $30.00 $5,012 Goldman
Morgan Stanley
ANDG Andersen Group ANDG 00/00/00 11.0 $14.00 - $16.00 $165 Morgan Stanley
UBS

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Ticker Company Ticker Offer Date Deal Size ($M) Current Price Today's Change Return from IPO
WLTH Wealthfront WLTH 12/11/25 $485 $14.19
$0.00
(0.0%)
1.4%
LMRI Lumexa Imaging LMRI 12/10/25 $463 $18.53
$0.00
(0.0%)
0.2%
CDNL Cardinal Infrastructure CDNL 12/09/25 $242 $29.65
$0.00
(0.0%)
41.2%

IPO PRO TIP

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

Q3 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

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