7 Upcoming IPOs to Watch in 2025: Tech, Fintech, and Consumer Brands Lead the Way

As the IPO window fully reopens in 2025, investors can expect a surge in initial public offerings (IPOs) across various sectors. With a strong economy, favorable interest rates, and a supportive regulatory environment, the upcoming IPOs in 2025 are poised to attract significant investor interest. This article highlights seven upcoming IPOs to watch in 2025, focusing on tech, fintech, and consumer brands.

1. Stripe ($70 billion estimated valuation): Digital payments company Stripe is expected to be one of the largest IPOs in 2025. With a recent share buyback at around a $70 billion valuation, Stripe's IPO could kick off a chain reaction for more similar companies to go public. Although no specific IPO date has been announced, hopes are high that 2025 will be the year for Stripe's IPO.
2. Klarna ($14.6 billion estimated valuation): The Swedish fintech company Klarna, known for its "buy now, pay later" services, filed confidentially for a U.S. IPO in November 2024. With a valuation of $14.6 billion, Klarna's IPO could gauge investors' feelings post-election and provide insights into the overall health of the lower-income consumer who often uses its services.
3. CoreWeave ($35 billion estimated valuation): AI-focused cloud infrastructure provider CoreWeave is expected to issue an IPO in 2025 with an estimated valuation of $35 billion. The company, which rents out cloud-based computing hardware, has seen its valuation soar over the past three years. CoreWeave's IPO could attract significant investor interest, given the growing demand for AI and the potential for the company to disrupt the hyperscaler market.
4. StubHub ($16.5 billion estimated valuation): Event-ticketing giant StubHub has pushed its IPO date until after Labor Day, with no specific timeline heading into 2025. With an estimated IPO valuation of $16.5 billion, StubHub's IPO could attract significant investor interest, given the company's dominant position in the event-ticketing market.
5. SpaceX ($200 billion to $250 billion estimated valuation): Although not confirmed, SpaceX is rumored to be considering an IPO in 2025. With an estimated valuation of $200 billion to $250 billion, SpaceX's IPO could be one of the largest in history. The company's innovative approach to space exploration and satellite internet services has captured the imagination of investors and consumers alike.
6. ServiceTitan (TTAN) ($7.3 billion estimated valuation): Home services platform ServiceTitan is expected to go public in 2025, following a successful $1.6 billion funding round in 2024. With an estimated valuation of $7.3 billion, ServiceTitan's IPO could attract investors looking for exposure to the growing home services market and the company's innovative technology platform.
7. Cerebras Systems (CBRS) ($7 billion to $8 billion estimated valuation): Semiconductor and supercomputer company Cerebras Systems is expected to go public in 2025, following a successful $250 million funding round in 2024. With an estimated valuation of $7 billion to $8 billion, Cerebras Systems' IPO could attract investors interested in the growing demand for AI hardware and the company's innovative approach to supercomputing.



These upcoming IPOs in 2025 offer investors a diverse range of opportunities across various sectors, from tech and fintech to consumer brands and biotech. As the IPO window fully reopens, investors can expect a surge in IPO activity, driven by a strong economy, favorable interest rates, and a supportive regulatory environment. By keeping an eye on these seven upcoming IPOs, investors can position themselves to capitalize on the potential growth and innovation these companies offer.