Tech IPO Boom Bullish + IPO 2025: The Window is Wide Open
After years of silence, the IPO market is roaring back — and tech is leading the charge.
This week, Bullish (crypto exchange) shocked Wall Street with an 84% first-day gain after its New York Stock Exchange debut. It follows blockbuster IPOs from Figma (up 250%) and Circle (up 168%), both proving that investor appetite for innovation is back in full swing.
What’s driving this surge?
Stabilizing markets after tariff uncertainty.
Nasdaq at record highs (+40% from April lows).
Massive demand from both institutions & retail investors.
A pipeline of $10B+ startups (StubHub, Klarna, Chime, eToro) preparing to go public.
Even regulators are shifting tone. New SEC head Paul Atkins has pledged to “make IPOs great again” by reducing barriers for companies entering public markets.
The Caution:
Some analysts warn of IPO “excess,” comparing the hype to the late 1990s. While today’s companies have stronger fundamentals, not every IPO will be a winner. Early gains can be sharp — but sustainability depends on execution.
Investment Takeaway:
The IPO window is open — more listings are coming in the second half of 2025.
Circle, Bullish, and Figma prove crypto and fintech are back in the spotlight.
Watch for upcoming offerings — the next breakout could be around the corner.
Do you think this new IPO wave is the start of a long bull cycle, or are we heading for another bubble?