How are recent IPOs doing, and what’s coming?
New listings show how eager investors are to take risk: a busy IPO market with big first-day jumps signals confidence, and a dry one signals caution. Recent IPOs are also where many of tomorrow’s large companies first become available to everyone.
Updated Oct 9, 2026
24 of 80 above their first trade
80 companies valued at $250 million or more listed in New York over the past year, led by Cerebras Systems, Medline, Bending Spoons S.p.A.. 24 trade above their first trade; the typical one is −13% since, while the S&P 500 is +12% over the same spans, and 17 have beaten the index.
IPO activity
Companies valued at $250 million or more listing in New York each month over the past year.
Coming up and listed in the past year
Expected listings first, then every IPO of the past year, newest first. Against the S&P compares the gain since the first trade with the index over the same days. Select a column to sort.
| Company | Status | Value at listing | Value now | First trade | Since first trade | Against the S&P |
|---|---|---|---|---|---|---|
| Roze AI RZAI | Listed Sep 29 | $365.1M | $140.9M | $27.63 | −63% | −64 pts |
| Ionic Digital IOND | Listed Jul 27 | $3.1B | $3.0B | $50.00 | +58% | +50 pts |
| Bending Spoons S.p.A. BSP | Listed Jul 1 | $21.8B | $25.5B | $31.00 | +23% | +17 pts |
| ITG ITG | Listed Jul 1 | $868.5M | $937.3M | $18.00 | −58% | −60 pts |
| Neutron LIME | Listed Jul 1 | $1.8B | $1.8B | $27.00 | +6% | +1 pts |
| DPC DPC | Listed Jun 25 | $6.1B | $5.6B | $44.00 | −12% | −17 pts |
| First Carolina Financial Services FCBM | Listed Jun 18 | $379.9M | $385.3M | $13.25 | −4% | −8 pts |
| Deep Fission FISN | Listed Jun 18 | $312.5M | $268.5M | $16.00 | −72% | −73 pts |
| Kardigan KARD | Listed Jun 18 | $1.3B | $1.3B | $16.25 | −10% | −13 pts |
| Cantor Equity Partners Vii CAES | Listed Jun 17 | $257.3M | $256.5M | $10.13 | −1% | −6 pts |
| Forbright FRBT | Listed Jun 11 | $926.4M | $915.2M | $17.50 | +3% | −3 pts |
| ERock EROC | Listed Jun 10 | $3.3B | $3.3B | $20.10 | −41% | −45 pts |
| WhiteHawk Minerals WHK | Listed Jun 9 | $574.2M | $603.7M | $26.15 | 0% | −5 pts |
| Parabilis Medicines PBLS | Listed Jun 8 | $3.5B | $3.2B | $20.00 | +37% | +30 pts |
| Quantinuum QNT | Listed Jun 4 | $12.3B | $10.9B | $68.00 | −39% | −41 pts |
| Sunshine Silver Mining & Refining SSMR | Listed Jun 4 | $2.2B | $2.1B | $15.00 | −1% | −3 pts |
| INNIO INIO | Listed Jun 4 | $13.7B | $14.8B | $31.00 | −36% | −38 pts |
| Liftoff Mobile LFTO | Listed Jun 2 | $2.6B | $2.6B | $23.00 | −33% | −35 pts |
| Lincoln International LCLN | Listed May 20 | $813.2M | $855.2M | $22.51 | +9% | +4 pts |
| EagleRock Land LLC EROK | Listed May 14 | $2.3B | $2.4B | $23.00 | −5% | −8 pts |
| Cerebras Systems CBRS | Listed May 14 | $40.3B | $39.0B | $350.00 | −53% | −55 pts |
| GMR Solutions GMRS | Listed May 13 | $508.8M | $560.6M | $13.50 | −23% | −27 pts |
| Fervo Energy FRVO | Listed May 11 | $4.1B | $3.9B | $27.00 | −49% | −52 pts |
| Odyssey Therapeutics ODTX | Listed May 8 | $980.8M | $912.6M | $20.00 | −5% | −10 pts |
| HawkEye 360 HAWK | Listed May 7 | $1.4B | $1.3B | $33.80 | −59% | −62 pts |
| Mobia Medical MOBI | Listed May 6 | $300.2M | $286.9M | $15.00 | −42% | −46 pts |
| Seaport Therapeutics SPTX | Listed May 1 | $1.0B | $971.6M | $21.00 | −14% | −20 pts |
| Hemab Therapeutics COAG | Listed May 1 | $1.5B | $1.5B | $27.00 | +17% | +8 pts |
| Silver Bow Mining SBMT | Listed Apr 30 | $253.6M | $230.3M | $10.75 | −27% | −33 pts |
| Avalyn Pharma AVLN | Listed Apr 30 | $1.2B | $1.1B | $26.00 | −1% | −9 pts |
| Pershing Square PS | Listed Apr 29 | $21.3B | $21.8B | $24.00 | +127% | +108 pts |
| X-Energy XE | Listed Apr 24 | $306.2M | $300.9M | $30.11 | −54% | −58 pts |
| Elmet ELMT | Listed Apr 23 | $610.1M | $633.2M | $18.00 | +17% | +7 pts |
| Yesway YSWY | Listed Apr 22 | $617.8M | $646.2M | $22.00 | −6% | −14 pts |
| National Healthcare Properties, Inc. (NHP) NHP | Listed Apr 22 | $271.9M | $262.2M | $11.56 | +34% | +23 pts |
| Kailera Therapeutics KLRA | Listed Apr 17 | $1.4B | $1.5B | $26.00 | −55% | −59 pts |
| Alamar Biosciences ALMR | Listed Apr 17 | $2.2B | $1.8B | $22.60 | +12% | +2 pts |
| Arxis ARXS | Listed Apr 16 | $1.9B | $1.9B | $38.00 | +26% | +14 pts |
| Aevex AVEX | Listed Apr 15 | $797.9M | $826.2M | $19.50 | −25% | −33 pts |
| Madison Air Solutions MAIR | Listed Apr 14 | $12.2B | $12.1B | $27.00 | −10% | −20 pts |
| HMH Holding HMH | Listed Apr 1 | $775.8M | $852.2M | $18.90 | +1% | −15 pts |
| Guardian Metal Resources PLC Sponsored ADR GMTL | Listed Mar 20 | $337.0M | $295.7M | $13.50 | −44% | −53 pts |
| Janus Living JAN | Listed Mar 20 | $6.1B | $6.0B | $23.50 | +20% | 0 pts |
| PayPay PAYP | Listed Mar 12 | $10.3B | $10.6B | $19.00 | −17% | −29 pts |
| MiniMed MMED | Listed Mar 6 | $5.5B | $5.5B | $19.05 | +3% | −11 pts |
| Generate Biomedicines GENB | Listed Feb 27 | $1.8B | $1.8B | $15.00 | −4% | −16 pts |
| SharonAI SHAZ | Listed Feb 17 | $1.7B | $1.3B | $92.50 | −59% | −64 pts |
| SOLV Energy MWH | Listed Feb 12 | $3.0B | $3.2B | $30.54 | −14% | −25 pts |
| Braiin BRAI | Listed Feb 12 | $588.2M | $510.7M | $11.74 | −61% | −66 pts |
| AGI AGBK | Listed Feb 11 | $871.6M | $1.1B | $11.00 | −39% | −45 pts |
| ARKO Petroleum APC | Listed Feb 10 | $9.0B | $9.7B | $18.00 | −10% | −20 pts |
| AgomAb Therapeutics N.V. American Depositary Shares AGMB | Listed Feb 6 | $426.0M | $447.2M | $14.70 | −38% | −45 pts |
| Once Upon A Farm Pbc OFRM | Listed Feb 6 | $673.9M | $711.3M | $21.00 | −19% | −28 pts |
| SpyGlass Pharma SGP | Listed Feb 6 | $886.0M | $833.2M | $24.00 | +4% | −8 pts |
| Forgent Power Solutions FPS | Listed Feb 5 | $9.7B | $10.4B | $26.00 | +54% | +34 pts |
| Bob's Discount Furniture BOBS | Listed Feb 5 | $1.8B | $1.9B | $17.00 | −17% | −27 pts |
| Eikon Therapeutics EIKN | Listed Feb 5 | $401.2M | $404.4M | $17.05 | −56% | −62 pts |
| Veradermics MANE | Listed Feb 4 | $4.9B | $5.5B | $34.00 | +285% | +239 pts |
| PicS PICS | Listed Jan 29 | $1.1B | $1.8B | $19.50 | −30% | −38 pts |
| Ethos Technologies LIFE | Listed Jan 29 | $2.1B | $2.3B | $19.00 | +95% | +73 pts |
| Public Policy Holding PPHC | Listed Jan 28 | $264.9M | $280.3M | $12.19 | −9% | −18 pts |
| EquipmentShare.com EQPT | Listed Jan 23 | $4.4B | $3.8B | $28.50 | −47% | −53 pts |
| BitGo BTGO | Listed Jan 21 | $788.3M | $785.1M | $12.85 | −43% | −50 pts |
| Aktis Oncology AKTS | Listed Jan 9 | $989.1M | $969.3M | $27.00 | −33% | −40 pts |
| Andersen ANDG | Listed Dec 17 | $6.5B | $6.4B | $21.00 | +171% | +133 pts |
| Medline MDLN | Listed Dec 17 | $29.5B | $30.7B | $35.00 | +4% | −11 pts |
| Wealthfront WLTH | Listed Dec 12 | $1.5B | $1.6B | $14.00 | −23% | −32 pts |
| Lumexa Imaging LMRI | Listed Dec 11 | $970.4M | $1.0B | $18.65 | −43% | −50 pts |
| Cardinal Infrastructure CDNL | Listed Dec 10 | $454.8M | $323.0M | $23.00 | −8% | −19 pts |
| Central Bancompany CBC | Listed Nov 20 | $7.6B | $7.8B | $22.06 | +47% | +23 pts |
| Gloo GLOO | Listed Nov 18 | $390.8M | $350.1M | $8.00 | −52% | −59 pts |
| BillionToOne BLLN | Listed Nov 6 | $4.9B | $4.5B | $100.00 | −2% | −16 pts |
| Exzeo XZO | Listed Nov 5 | $1.3B | $1.5B | $21.00 | −24% | −34 pts |
| BETA Technologies BETA | Listed Nov 4 | $4.8B | $4.7B | $34.00 | −38% | −46 pts |
| Cantor Equity Partners V CEPV | Listed Nov 4 | $262.8M | $261.1M | $10.28 | −1% | −14 pts |
| Agencia Comercial Spirits AGCC | Listed Oct 22 | $344.1M | $351.8M | $3.82 | +304% | +247 pts |
| BGIN BLOCKCHAIN BGIN | Listed Oct 21 | $254.1M | $229.0M | $6.00 | −65% | −70 pts |
| OBOOK HOLDINGS INC. OWLS | Listed Oct 16 | $449.7M | $443.5M | $68.00 | −92% | −93 pts |
| Alliance Laundry ALH | Listed Oct 9 | $4.2B | $4.2B | $24.50 | −13% | −25 pts |
| Phoenix Education Partners PXED | Listed Oct 9 | $909.5M | $937.6M | $38.00 | −32% | −41 pts |
How to read this page
How it’s measured. IPOs on the New York Stock Exchange and Nasdaq over the past year from FMP’s calendar, for companies valued at $250 million or more at listing; blank-check companies, funds and debt are left out. Performance runs from the first trade, the first price most investors could pay.
Sources. Daily prices and earnings and economic calendars from Financial Modeling Prep.
The offer price goes to the underwriters’ clients, and the first trade is often well above it, so returns here start from the first price open to everyone. Insiders’ shares usually unlock about six months after listing, which can weigh on the price.
Expected dates and price ranges change often, and some listings are postponed.
This page is information, not investment advice. About our data and methods ›