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Updated: Renaissance Capital's 3Q 2025 US IPO Market Review

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IPO Window Fully Reopens in the Biggest Quarter Since 2021 The IPO window finally reopened in the 3Q, with 64 IPOs raising a combined $15.3 billion in the biggest quarter for new issuance since 2021. IPOs delayed by earlier macro headwinds were revived or even ...read more

US IPO Weekly Recap: Klarna leads busiest week for IPOs since 2021, as more names join the pipeline

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7 sizable IPOs debuted this week, the most in nearly four years, joined by 3 SPACs. 10 IPOs and 6 SPACS submitting initial filings. Buy-now-pay-later e-commerce platform Klarna (KLAR) priced above its range to raise $1.4 billion at a market cap of...read more

Blockchain-powered lending platform Figure Technology prices IPO at $25, above the upwardly revised range

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Figure Technology Solutions, which operates a blockchain-based consumer lending platform, raised $788 million by offering 31.5 million shares (25% secondary) at $25, above the upwardly revised range of $20 to $22. The company originally planned to offer 26.3...read more

The IPO market gears up for the most active week since 2021 with 7 deals

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The fall IPO season is in full swing with seven sizable deals on the calendar for this week, a nearly four year record in weekly activity. The seven issuers aim to raise a combined $3.9 billion, led by a billion-dollar offering from fintech unicorn Klarna. ...read more