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Top 100 IPOs

Track the top IPOs from the past 3 years by market cap.

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Total Proceeds

$194.7B

Top Sector by Proceeds

Industrials

Median Deal Size

$676M

Average Return from IPO

34.7%
Rank Company Ticker IPO Date Sector Deal Size
($M)
Market Cap
($M)
Return
From IPO
1 SpaceX SPCX 06/11/26 Industrials $75,000 $1,744,959 -8.5%
2 SK hynix SKHY 07/09/26 Technology $26,507 $1,086,206 15.4%
3 Venture Global VG 01/23/25 Energy $1,750 $67,325 -43.8%
4 Cerebras Systems CBRS 05/13/26 Technology $5,550 $54,903 12.7%
5 Arm ARM 09/13/23 Technology $4,871 $52,914 468.1%
6 Medline MDLN 12/16/25 Health Care $6,265 $38,630 34.8%
7 CoreWeave CRWV 03/27/25 Technology $1,500 $22,444 99.0%
8 INNIO INIO 06/03/26 Industrials $2,430 $20,296 12.5%
9 Figma FIG 07/30/25 Technology $1,219 $19,822 -33.6%
10 Bending Spoons BSP 06/30/26 Technology $1,681 $19,467 16.8%
11 Lineage LINE 07/24/24 Real Estate $4,437 $19,370 -44.5%
12 Kaspi.kz KSPI 01/18/24 Financials $1,040 $17,413 -3.2%
13 Quantinuum QNT 06/03/26 Technology $1,680 $15,876 -2.4%
14 Klarna KLAR 09/09/25 Financials $1,372 $15,309 -52.4%
15 Fermi FRMI 09/30/25 Real Estate $683 $13,881 -68.3%
16 Madison Air MAIR 04/15/26 Industrials $2,233 $13,423 31.9%
17 SailPoint SAIL 02/12/25 Technology $1,380 $13,169 -35.8%
18 Arxis ARXS 04/15/26 Industrials $1,134 $11,633 58.2%
19 Chime CHYM 06/11/25 Financials $864 $11,409 -17.3%
20 PayPay PAYP 03/11/26 Financials $880 $10,800 -3.9%
21 Viking VIK 04/30/24 Consumer Discretionary $1,537 $10,652 313.6%
22 Instacart CART 09/18/23 Technology $660 $9,949 51.5%
23 StubHub STUB 09/16/25 Technology $800 $9,461 -61.1%
24 X-Energy XE 04/23/26 Industrials $1,018 $9,341 -27.0%
25 Klaviyo KVYO 09/19/23 Technology $576 $9,218 -41.7%
26 Netskope NTSK 09/17/25 Technology $908 $8,968 -29.8%
27 Fervo Energy FRVO 05/12/26 Utilities $1,890 $8,763 0.0%
28 Birkenstock BIRK 10/10/23 Consumer Discretionary $1,484 $8,640 -8.2%
29 BETA Technologies BETA 11/03/25 Industrials $1,015 $8,321 -42.5%
30 Forgent Power Solutions FPS 02/04/26 Industrials $1,512 $8,220 49.3%
31 StandardAero SARO 10/01/24 Industrials $1,440 $8,033 13.0%
32 Circle CRCL 06/04/25 Technology $1,054 $7,898 129.3%
33 Smithfield Foods SFD 01/27/25 Consumer Staples $522 $7,893 32.6%
34 LATAM Airlines Group LTM 07/24/24 Industrials $456 $7,253 114.9%
35 Firefly Aerospace FLY 08/06/25 Industrials $868 $7,233 -53.1%
36 ServiceTitan TTAN 12/11/24 Technology $625 $7,153 2.8%
37 Navan NAVN 10/29/25 Technology $923 $6,891 6.5%
38 EquipmentShare.com EQPT 01/22/26 Industrials $747 $6,724 -28.4%
39 Rubrik RBRK 04/24/24 Technology $752 $6,633 136.9%
40 Amer Sports AS 01/31/24 Consumer Discretionary $1,365 $6,412 165.4%
41 Reddit RDDT 03/20/24 Technology $748 $6,370 446.6%
42 Tempus AI TEM 06/13/24 Health Care $411 $6,367 32.4%
43 Astera Labs ALAB 03/19/24 Technology $713 $6,340 788.3%
44 NIQ Global Intelligence NIQ 07/22/25 Industrials $1,050 $6,241 -49.5%
45 Caris Life Sciences CAI 06/17/25 Health Care $494 $6,102 -25.1%
46 Figure FIGR 09/10/25 Financials $788 $6,077 26.0%
47 ERock EROC 06/09/26 Industrials $600 $5,899 -38.2%
48 Bullish BLSH 08/12/25 Financials $1,110 $5,795 -33.1%
49 UL Solutions ULS 04/11/24 Industrials $946 $5,652 205.3%
50 MiniMed MMED 03/05/26 Health Care $560 $5,616 -16.5%
51 Chagee CHA 04/16/25 Consumer Discretionary $411 $5,436 -58.7%
52 Ingram Micro INGM 10/23/24 Technology $409 $5,260 33.9%
53 ZEEKR ZK 05/09/24 Consumer Discretionary $441 $5,199 27.3%
54 WeRide WRD 10/24/24 Technology $120 $5,194 -61.8%
55 Janus Living JAN 03/19/26 Real Estate $840 $5,145 53.3%
56 Pony AI PONY 11/26/24 Technology $260 $5,050 -46.9%
57 Central Bancompany CBC 11/19/25 Financials $373 $5,007 51.2%
58 SOLV Energy MWH 02/10/26 Industrials $513 $4,993 14.2%
59 OneStream OS 07/23/24 Technology $490 $4,974 20.0%
60 eToro ETOR 05/13/25 Financials $620 $4,904 -27.2%
61 Doncasters Group DPC 06/24/26 Industrials $919 $4,790 44.4%
62 Accelerant ARX 07/23/25 Financials $724 $4,670 -35.6%
63 Alliance Laundry ALH 10/08/25 Industrials $826 $4,494 11.9%
64 York Space Systems YSS 01/28/26 Industrials $629 $4,339 -47.1%
65 Liftoff Mobile LFTO 06/03/26 Technology $437 $4,290 -1.7%
66 Via Transportation VIA 09/11/25 Technology $493 $4,176 -60.7%
67 MDA Space MDA 03/11/26 Industrials $300 $3,865 3.5%
68 Boyd Group Services BGSI 10/30/25 Consumer Discretionary $780 $3,807 -27.2%
69 GMR Solutions GMRS 05/12/26 Health Care $479 $3,782 -13.4%
70 Waystar WAY 06/06/24 Technology $968 $3,698 0.1%
71 Gemini GEMI 09/11/25 Financials $425 $3,426 -83.0%
72 Applied Aerospace AADX 06/02/26 Industrials $650 $3,416 -9.9%
73 Csquare CSQR 07/15/26 Technology $1,050 $3,290 -0.5%
74 McGraw Hill MH 07/23/25 Consumer Discretionary $415 $3,273 -45.2%
75 PACS Group PACS 04/10/24 Health Care $450 $3,203 117.0%
76 Ibotta IBTA 04/17/24 Technology $577 $3,181 -67.0%
77 BillionToOne BLLN 11/05/25 Health Care $273 $3,170 120.9%
78 Hinge Health HNGE 05/21/25 Health Care $437 $3,132 163.6%
79 Concentra CON 07/24/24 Health Care $529 $2,975 35.2%
80 Neptune Insurance NP 09/30/25 Financials $368 $2,970 51.7%
81 Titan America TTAM 02/06/25 Materials $384 $2,950 5.6%
82 Karman Space & Defense KRMN 02/12/25 Industrials $506 $2,908 112.1%
83 Legence LGN 09/11/25 Industrials $728 $2,867 159.1%
84 HawkEye 360 HAWK 05/06/26 Industrials $416 $2,856 -29.2%
85 WEBTOON Entertainment WBTN 06/26/24 Communication Services $315 $2,805 -50.7%
86 Aspen Insurance AHL 05/07/25 Financials $398 $2,779 25.0%
87 Grupo Aeromexico AERO 11/05/25 Industrials $223 $2,772 -19.9%
88 BrightSpring Health BTSG 01/25/24 Health Care $693 $2,767 458.2%
89 KinderCare KLC 10/08/24 Consumer Discretionary $576 $2,766 -78.9%
90 Neumora Therapeutics NMRA 09/14/23 Health Care $250 $2,760 -90.5%
91 Standard Nuclear STDN 07/15/26 Energy $150 $2,727 -40.6%
92 BBB Foods TBBB 02/08/24 Consumer Staples $589 $2,683 133.7%
93 Parabilis Medicines PBLS 06/09/26 Health Care $670 $2,651 50.2%
94 Wealthfront WLTH 12/11/25 Financials $485 $2,642 -34.6%
95 ZKH Group ZKH 12/14/23 Industrials $62 $2,584 -81.0%
96 Pattern Group PTRN 09/18/25 Technology $300 $2,569 87.5%
97 Loar Holdings LOAR 04/24/24 Industrials $308 $2,464 151.3%
98 PicPay PICS 01/28/26 Financials $434 $2,462 -34.8%
99 EagleRock Land EROK 05/13/26 Energy $320 $2,407 14.2%
100 WaterBridge WBI 09/16/25 Energy $634 $2,393 77.4%

About This Data

  • Ranked by total market cap at IPO.
  • Includes traditional IPOs and direct listings.
  • Returns are calculated as of the most recent market close. Averages exclude direct listings.
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