Six Companies Raise $4 Billion in IPOs, Signaling Renewed Investor Appetite for Tech and Crypto
The IPO market saw a robust $4 billion raised across six listings this week, marking a sharp rebound from earlier sluggishness tied to Trump-era tariff volatility. Klarna, Figure, and Gemini led a diverse cohort of tech, fintech, and crypto-adjacent entrants—five of which priced above marketed ranges despite mixed post-debut performances.
Wall Street interprets the tempered trading responses as healthy skepticism rather than bearishness, with Klarna stabilizing NEAR its offer price and Gemini Space Station outperforming. The breadth of sectors testing public markets—from Blackstone-backed Legence to payments disruptor Figure—hints at pent-up demand for a potential autumn IPO surge.