After a paltry 2022 and 2023, 2024 showed signs of a thaw in the frigid IPO market. The year’s 225 public offerings represented a 46% increase in new listings from 2023 — with a number of star-studded brands making headlines for their Wall Street success. Social media app RedditRDDT

, Arc’teryx owner Amer SportsAS

, and cruise company VikingVIK

are up 390%, 115%, and 83% since going public. With showings like these, the market’s cold spell may finally be breaking.

Eying an IPO: Bankers have teased that a cascade of mergers and acquisitions (M&A) could spring forth from the impending “pro-business” Trump presidency. And alongside that, Wall Street is looking out for a potentially buzzy market for new listings — especially in tech and consumer staples. Goldman Sachs analysts predict that tech IPOs could double this year as rates continue to decline and inflation slows.

• Tech IPOs from Nvidia-backed AI company CoreWeave, cloud and AI platform Databricks, and chip manufacturer Cerebras could become heavyweights in the public listing market this season.
• Fintech firms Stripe, Chime, and Klarna are also among the most-anticipated listings for 2025 — potentially capitalizing on a late 2024 rebound in fintech stocks.

Not Just Tech

Other murmured tech names entertaining possible IPOs include 1Password, stablecoin issuer Circle, and ticketing platform Stubhub — which left Wall Street at the altar and postponed its debut last year. However, tech isn’t the only area of focus.

• Live Nation-backed water brand Liquid Death and Panera Bread’s parent company are two names making the rounds but overdue for an IPO based on reporting.
• Adtech firm MNTN and healthcare startup Hinge Health also made the shortlist of companies highlighted by private market data firm Forge as likely contenders for 2025 stock offerings.

Hoping for greener pastures: Although stock market debuts were handy for the pocketbooks of early investors, executives, and employees in 2023, they struggled to keep up with the breakneck pace of large-cap indexes like the S&P 500 and Nasdaq-100. The Renaissance IPO ETFIPO

rose just 22% last year, underperforming the broader market. With momentum on their side in 2025, maybe some of the forthcoming listings will muster up more excitement — even if they know deep down that they’ll never reach the hype levels of SpaceX or OpenAI.