After a multi-year drought, the US IPO market is reborn in 2025. More companies are going public and performing well, offering fruitful opportunities for growth-oriented investors., As AI-driven companies scale, investors’ demand for high-growth opportunities may drive more AI-focused IPOs in 2025. Public listings can provide crucial funding for commercialization, while increased market scrutiny may challenge inflated valuations., 2025 is set to be an exciting year for IPOs, as the IPO window fully reopens. In our 2024 US IPO Market Review, we estimated that IPO issuance this year could range from 155 to 195 deals, up from 150 last year., In 2025, private companies are increasingly pursuing IPOs, driven by strong investor demand and the need for liquidity among unicorns. A growing list of high-profile firms—confirmed or rumored—signals rising market confidence and a robust pipeline of public offerings., The most exciting upcoming IPOs include buy now, pay later firm Klarna and online banking firm Chime., When evaluating upcoming IPOs, consider financial performance, market size, competitive edge, and management experience. Read the S-1 filing carefully, focusing on revenue growth, profitability trajectory, and any legal or regulatory risks..