Core Insights - The IPO market in the U.S. is showing signs of recovery, with 150 IPOs raising $29.6 billion in 2024, marking a more than 50% increase in proceeds compared to 2023, although still below historical averages [1] - The year 2025 is expected to see a rebound in IPO activity, particularly in the fall, following a slow start due to tariff concerns [2] - Renaissance Capital forecasts that 40 to 60 IPOs could raise approximately $10 billion by year-end 2025, bringing the total for the year to 190 IPOs and around $35 billion raised [5] IPO Activity Trends - Year-to-date, IPOs have raised $23 billion, consistent with the same period last year, and a significant increase in deal activity is anticipated as the market approaches fall [3] - Goldman Sachs expects its busiest week for IPOs since July 2021, indicating a resurgence in market activity [4] Market Drivers - Factors contributing to the IPO market revival include a strong equity market and potential Federal Reserve rate cuts, which could enhance company valuations and investor sentiment [6][7] - Economic growth and the AI boom are also favorable for IPOs, particularly for companies in tech, crypto, and AI sectors, which are likely to attract significant investor interest [8] ETFs Focus - The Renaissance IPO ETF offers exposure to 80% of the market capitalization of newly listed companies, with top holdings including Reddit, Astera Labs, and Arm Holdings, and has gained 18% this year [9] - The First Trust US Equity Opportunities ETF tracks the performance of the top 100 companies by market capitalization in the IPOX Composite U.S. Index, with top holdings including GE Vernova, Palantir, and Applovin, and has advanced about 30% this year [10][11]

Via Renewables, Inc. is set to debut on the New York Stock Exchange (NYSE) with an IPO, offering 10.7 million shares priced between $40.00 and $44.00.Via Transportation, Inc. successfully raised about $493 million through its IPO, offering 10.7 million shares at $46 each.Currently, Via Transportation's stock, trading under the symbol NASDAQ:VIA, is priced at $10.995, with a market capitalization of approximately $79.5 million.Via Renewables, Inc. is preparing to make its debut on the New York Stock Exchange ...

Core Viewpoint - Rakuten Medical, a cancer treatment developer partially owned by Rakuten Group, is considering an initial public offering (IPO) to raise funds after current funding is depleted [1] Company Summary - The president of Rakuten Medical indicated the potential for an IPO as a strategy to secure additional financing [1] - The company is focused on developing innovative cancer therapies, which may attract investor interest in the public market [1] Industry Summary - The cancer treatment industry is witnessing increased interest in funding and public offerings as companies seek to expand their capabilities and reach [1] - The potential IPO of Rakuten Medical could reflect broader trends in the healthcare sector, particularly in oncology, where investment opportunities are growing [1]

Group 1 - Black Rock Coffee Bar, Inc. has priced its initial public offering (IPO) at $20.00 per share for 14,705,882 shares of Class A common stock, with an option for underwriters to purchase an additional 2,205,882 shares [1] - The shares are expected to begin trading on the Nasdaq Global Market under the ticker symbol "BRCB" on September 12, 2025, with the offering closing on September 15, 2025 [2] - The registration statement for the offering was declared effective by the Securities and Exchange Commission on September 11, 2025, and the offering is available only through a prospectus [3] Group 2 - Black Rock Coffee Bar is a high-growth operator of drive-thru coffee bars, offering premium beverages and an enhanced in-store experience, founded in 2008 in Beaverton, Oregon [5] - The company has grown from a single 160 square foot coffee bar to over 150 locations across seven states, making it one of the fastest-growing beverage companies in the U.S. by revenue and the largest fully company-owned coffee retailer in the country [5]

Company Overview - Cryptocurrency firm Gemini Space Station raised $425 million in an initial public offering (IPO), pricing its stock at $28 per share, above the marketed range of $24 to $26, which indicates strong investor interest [1][2] - The IPO values Gemini at $3.33 billion on a non-diluted basis [1] Market Context - The price range for the IPO was increased from $17 to $19 earlier in the week, reflecting robust demand from investors [2] - The IPO market is experiencing a recovery, aided by record high prices for digital assets and favorable regulatory developments [3] Trading and Investment - Gemini will begin trading on Nasdaq under the ticker "GEMI" [3] - Nasdaq committed to a $50 million investment in a private placement at the time of the IPO [3] Industry Trends - The cryptocurrency sector is seeing increased momentum in listings, with other companies like Figure Technology and CoinDesk also raising significant funds through IPOs [4] - The easing of oversight by the Securities and Exchange Commission (SEC) has contributed to the sector's growth [4] Regulatory Environment - Gemini is working towards resolving an SEC lawsuit related to a cryptocurrency asset lending program, which has not yet been settled [5] - The sector's connection to Washington is highlighted by recent political developments involving the Commodity Futures Trading Commission [6]

Commerce Secretary Howard Lutnick on Thursday opened the door to allowing investors to buy shares in government-owned housing giants by the end of the year. "Do I think it's going to be soon? I do," Lutnick said on CNBC, adding it "could well" be in 2025. He stressed that the goal was to ensure home prices remain affordable for families. "I think a deal is going to be struck. We're going to take the company public," he said. "It could be the largest IPO in history. But only a small percentage of these co ...

Core Insights - Figure Technology Solutions shares opened at $36 each, representing a 44% increase from their IPO price of $25 [1] - The company's listing raised a total of $787.5 million [1]

Gemini Space Station, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has drawn over 20 times as many orders for its planned U.S. initial public offering as there are available sh... ...

Figure Technology raises $788 million at $25 a share, after upsizing the offering by 5.2 million shares. ...

The success of several high-profile IPOs this year means investors have gotten used to seeing eyewatering pops on day one. ...