First, a quick look back at IPOs in 2025 and their performance

Some big names made their market debut in 2025, with companies like 

**** among the most anticipated IPOs of the year.

A handful have managed to hold onto investor enthusiasm, but many haven’t. In fact, since going public, only 10 of the 25 most anticipated IPOs of 2025 are trading above their IPO price as of now.

I had shares of Gemini, Figma. Made fiat on Figma lost it on Gemini

Stacker_Stocks

## First, a quick look back at IPOs in 2025 and their performance

Some big names made their market debut in 2025, with companies like [**Figma**](https://cap.simplywall.st/stocks/us/software/nyse-fig/figma?blueprint=4496975&utm_source=post&utm_medium=finance_user&utm_campaign=integrated-pitch)**** , [**CoreWeave**](https://cap.simplywall.st/stocks/us/software/nasdaq-crwv/coreweave?blueprint=4496975&utm_source=post&utm_medium=finance_user&utm_campaign=integrated-pitch)**** , and [**Circle**](https://cap.simplywall.st/stocks/it/commercial-services/bit-circ/circle-shares?blueprint=4496975&utm_source=post&utm_medium=finance_user&utm_campaign=integrated-pitch)**** among the most anticipated IPOs of the year.

A handful have managed to hold onto investor enthusiasm, but many haven’t. In fact, since going public, only 10 of the 25 most anticipated IPOs of 2025 are trading above their IPO price as of now.

![](https://m.stacker.news/136298)
[<sub>Source</sub>](https://simplywall.st/article/how-to-spot-the-winners-in-2026s-ipos)

I had shares of Gemini, Figma. Made fiat on Figma lost it on Gemini

First, a quick look back at IPOs in 2025 and their performanceFirst, a quick look back at IPOs in 2025 and their performance