There are no IPOs currently scheduled for the short Labor Day week ahead, though we expect to see the first wave of September launches.
Five recent filers will be eligible to launch their IPOs on Tuesday: blockchain-powered lender Figure (FIGR), crypto exchange Gemini (GEMI), transit services platform Via Transportation (VIA), systems services provider Legence (LGN), and drive-thru coffee chain Black Rock Coffee (BRCB).
Some older filers may also set terms, like fintech Klarna (KLAR), which is on file for an estimated $1+ billion IPO, as well as ticket marketplace StubHub (STUB).
For more on what we expect in the coming months, read our newly-released Fall 2025 US IPO Preview (full report available on IPO Pro).
Street research is expected for seven companies in the week ahead, and six lock-up periods will be expiring. For access to Street research and lock-up expiration dates, sign up for a free trial of IPO Pro.
IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 8/28/2025, the Renaissance IPO Index was up 15.8% year-to-date, while the S&P 500 was up 11.5%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Astera Labs (ALAB) and Reddit (RDDT). The Renaissance International IPO Index was up 34.0% year-to-date, while the ACWX was up 22.4%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Galderma and Horizon Robotics.
