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2025 IPO Surge: $15.3 Billion Amid Cautionary Signals

12/1/2025

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Summary

Story summary

In 2025, the U.S. IPO market surged, with 161 IPOs raising $15.3 billion by September.
CoreWeave and Circle Internet Group, tied to AI and cryptocurrency, remain unprofitable.
Analysts caution the market may be inflated, increasing the risk of sharp declines.
Investors should focus on mature companies with at least $100 million in revenue.
The First Trust US Equity Opportunities ETF has risen 39.3% this year.

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Story summary

In 2025, the U.S. IPO market surged, with 161 IPOs raising $15.3 billion by September.
CoreWeave and Circle Internet Group, tied to AI and cryptocurrency, remain unprofitable.
Analysts caution the market may be inflated, increasing the risk of sharp declines.
Investors should focus on mature companies with at least $100 million in revenue.
The First Trust US Equity Opportunities ETF has risen 39.3% this year.