US IPO Market Explodes: Top Winners and Losers Revealed
The IPO arena just caught fire—and everyone's scrambling for a piece of the action.
Winners Circle: Who's Riding High
Some companies are hitting absolute home runs straight out of the gate. Their stocks are soaring while traditional assets look sluggish by comparison. These aren't your grandfather's blue-chips—they're rewriting the rulebook on market entries.
Losers Lane: The Bleeding Edge
Meanwhile, other debutantes are face-planting harder than a crypto bro explaining leverage to the SEC. The numbers don't lie—and neither do the red candles dominating their charts since launch day.
Market analysts are calling this the most polarized IPO season since the dot-com era. One portfolio manager quipped, 'At least the losers are consistent—they're making investment bankers earn those ridiculous fees for once.'
The real question isn't who's hot right now—it's which of these flashy newcomers will still be standing when the market's inevitable correction hits. Because if history teaches us anything, it's that Wall Street's memory lasts about as long as a bull market in altcoins.
IPO Market in the US 2025: Top Winners and Losers
Fintech group Circle Inc., which provides support to digital assets such as the USDC stablecoin and many others, was listed on the NYSE in early June this year. The new US IPO saw robust demand with increased support from cryptocurrency investors. It was launched for $83 per share and has now reached $130 in September. In just three months, CRCL jumped close to 58% turning an investment of $1,000 into $1,580.
Another blockchain-based firm, Figure Technology Solutions, that provides a capital marketplace for lending, funding, and secondary market activity, was listed in the Nasdaq index on September 11, 2025. Its price was $31 during launch and hit an all-time high of $45 in five days. FIGR is now at the $40 level, signifying a 28% surge in just two weeks. Also, the blockchain-based US IPO churned $1,000 investment into $1,280 in 14 days.
Top Losers:
The software and program-designing interface firm Figma was the hottest tech-based US IPO. However, its performance is abysmal as it debuted on the NYSE exchange at $122 in August this year, but is now at $58. That’s a steep decline of over 53% in less than two months of its debut. Therefore, an investment of $1,000 WOULD be worth $470, and a quick recovery from here seems difficult.
The US-based aeronautical firm Firefly Aerospace, which provides space transportation solutions by developing and launching small- to medium-lift rockets, was among the most talked about US IPO this year. Moreover, it failed to take flight in the charts, delivering a lackluster performance. It debuted at $60 in August, and its price is now at $41. It has fallen close to 31% in less than 60 days of trading.
