IPOs in 2025: Which companies to watch out for?
1. Artificial intelligence (AI) and cloud technologies
The boom in artificial intelligence (AI) technologies continues to attract investors. In 2024, global venture capital investments in AI exceeded $100 billion, accounting for about 33% of total venture capital funding. The demand for computing power, data processing, and generative AI attracts major stock market players, venture capital funds, and corporate investors. In 2025, companies working with machine learning, business process automation, and cloud computing are planning to list on the stock exchange. Investors are closely monitoring this segment.

Among the most anticipated IPOs, LLC "EIFOS HUB" recommends paying attention to:
  • Databricks is an AI data analytics platform valued at $62 billion. The company has raised almost $14 billion in investments and is considering an IPO in 2025. The market is also waiting for the possible IPO of Snowflake, another major data platform. Companies compete for customers by offering different approaches to information processing.
  • CoreWeave is a cloud platform with access to powerful GPUs from Nvidia. Valued at $35 billion, Nvidia uses its data centres, which makes it attractive to investors.
  • Genesys develops software and AI solutions for customer communications. In October 2024, the company filed a confidential IPO application.
2. Cybersecurity.
As the volume of data grows, so do digital threats, leakage and attack risks. This makes cybersecurity one of the fastest growing industries. Investors are keenly watching companies that develop solutions in data protection, biometric identification, and threat analysis. The popularity of Zero Trust architectures is growing.

More information:
  • Netskope, a leader in cloud security, is planning an IPO in the second half of 2025. The company has already attracted $1.44 billion in investment and has the support of major players such as Morgan Stanley and the Ontario Teachers' Pension Plan.

3. Financial technology (FinTech)
FinTech companies operating in the areas of digital payments, decentralised finance (DeFi), BaaS (Banking as a Service), lending and automated investments remain in the spotlight. Despite increased regulation, new technologies and integration with AI are opening up new IPOs.

Some interesting ones in this area are:
  • Chime Financial is a US-based fintech startup that provides banking and banking services via a mobile app. The company has applied for an IPO and plans to go public in 2025.
  • Klarna is a Swedish company specialising in buy now, pay later services. It is preparing for an IPO in the US, with a recent valuation of $6.7 billion.
  • Stripe is one of the world's largest payment services, valued at $65 billion. Although the company is not in a hurry to go public, a possible IPO remains in the focus of investors' attention.
Despite the volatility of the stock market, 2025 promises to be a year full of high-profile IPOs, especially among technology and innovation companies. An IPO, or Initial Public Offering, is the process of a private company going public and placing its shares on the stock exchange.

For businesses, the main purpose of an IPO is to raise capital and increase the company's rating and visibility, and for investors, it is an opportunity to invest in fast-growing companies before they are fully established on the stock market.

IPOs: when the rules change
Many private companies have already started preparing for an IPO or are planning to go public in the near future: from fintech and e-commerce to electric vehicles and telecoms, from finance and consumer brands to biotechnology and healthcare - the list is impressive!

Typically, companies launch IPOs when their market value is close to $1 billion and their business is growing steadily. Today, however, this is no longer a strict rule - young start-ups are appearing on the stock exchange, attracting investors with their innovations and high growth potential. At the same time, even large ‘unicorns’ may postpone their IPOs, waiting for more favourable conditions. Which companies are preparing for an IPO in 2025 and who should we pay attention to? Let's try to figure it out.
4. Biotechnology and pharmaceuticals
The ageing population, the development of genetic engineering and new treatments for chronic diseases make biotechnology one of the key areas for IPOs. Companies working in the field of personalised medicine, the development of new drugs and medical technologies will raise capital. The post-IPO share price mainly depends on the results of clinical trials.

Among the expected IPOs, LLC "EIFOS HUB" highlights:
  • Hinge Health - a manufacturer of wearable health monitoring devices, the company is valued at over $6 billion. The company plans an IPO in 2025.
  • Omada Health is a digital platform for managing chronic diseases such as diabetes and hypertension. The company has filed a confidential IPO application in the summer of 2024.
  • Freenome is a developer of innovative methods for diagnosing cancer in the early stages. Despite recent management changes, the company is considering an IPO in the near future.

What to look for when choosing an IPO
An IPO is always a risk, and even companies with strong financials can face difficulties if investors are sceptical and avoid risky assets. IPO markets are developing at different speeds. In the US and Europe, technology companies are the key players in IPOs, while in Asia and emerging markets, e-commerce, fintech and energy are more prominent.

Investors should take into account the general market sentiment. Study financial reports carefully and take into account the Lock-up Period. In the context of an IPO, this is the period after the initial public offering (IPO) during which insiders (founders, top managers, early stage investors, and employees) cannot sell shares after the IPO.
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