In 2025, over 200 companies had their initial public offerings (IPOs) on U.S. exchanges. However, less than a quarter of these were able to beat the S&P 500’s 18% return (with dividends reinvested).
Below, we’ll break down three 2025 IPOs that really stood out. They attracted significant attention from investors and handily beat the market. Implied upside and downside data are of the Jan. 2 close.
