{"id":651893,"date":"2025-02-02T15:05:35","date_gmt":"2025-02-02T12:05:35","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/here-are-all-the-ipos-reported-to-be-in-the-works-for-2025\/"},"modified":"2025-02-02T15:05:35","modified_gmt":"2025-02-02T12:05:35","slug":"here-are-all-the-ipos-reported-to-be-in-the-works-for-2025","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/here-are-all-the-ipos-reported-to-be-in-the-works-for-2025\/","title":{"rendered":"#Here are all the IPOs reported to be in the works for 2025"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3db875d5bff\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3db875d5bff\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/here-are-all-the-ipos-reported-to-be-in-the-works-for-2025\/#Filed_in_2025\" >Filed in 2025<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/here-are-all-the-ipos-reported-to-be-in-the-works-for-2025\/#In_the_works_since_2024\" >In the works since 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/here-are-all-the-ipos-reported-to-be-in-the-works-for-2025\/#Trying_since_2023\" >Trying since 2023<\/a><\/li><\/ul><\/nav><\/div>\n<div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">Tech is upbeat about more companies going public this year, thanks in part to a new presidential administration that has promised to ease regulations and embrace industries like crypto and AI.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">But there were already early signs of bullishness \u2014 especially in fintech \u2014 thanks to the wildly successful 2024 IPO of ServiceTitan, a SaaS platform for the trades.<\/p>\n<p class=\"wp-block-paragraph\">TechCrunch has compiled a chronological list of companies that have either announced that they plan to go public this year or have been reported to have confidentially filed for a 2025 IPO. And we\u2019ve also included those that filed as far back as 2023 and could finally go public this year.<\/p>\n<p class=\"wp-block-paragraph\">The confidential filing process allows companies to submit their registration documents to regulators without making them public.\u00a0But companies can delay or even withdraw their filings, depending on market conditions.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-filed-in-2025\"><span class=\"ez-toc-section\" id=\"Filed_in_2025\"><\/span>Filed in 2025<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"wp-block-paragraph\"><strong>eToro:<\/strong> The Israel-based trading platform filed confidentially in January 2025, reportedly seeking a $5 billion valuation.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Voyager Technologies: <\/strong>The space and defense tech startup confidentially filed in January 2025 and will likely be valued between $2 billion and $3 billion, the Wall Street Journal <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/defense-and-space-company-voyager-technologies-files-to-go-public-d020a807\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">reported<\/a>. The company, based in Denver, sells a wide variety of <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/voyagertechnologies.com\/defense-natsec\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">defense<\/a>\u2013 and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/voyagertechnologies.com\/space-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">space<\/a>-based solutions, from propulsion technologies to airlocks.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Karman Holdings: <\/strong>Another space and defense startup, Karman confidentially filed to go public in January 2025 and aims to raise up to $100 million in an IPO, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.renaissancecapital.com\/IPO-Center\/News\/108855\/Defense-and-space-systems-maker-Karman-Holdings-files-for-a-$100-million-IP\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">it announced<\/a>. The company, which specializes in missile <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>, is based in Huntington Beach, California, and could be valued at $3 billion or more, Bloomberg <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-21\/trive-backed-space-and-defense-firm-karman-files-for-us-ipo\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">reported<\/a>.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-in-the-works-since-2024\"><span class=\"ez-toc-section\" id=\"In_the_works_since_2024\"><\/span>In the works since 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"wp-block-paragraph\"><strong>Chime: <\/strong>The digital bank confidentially filed to IPO in December 2024 and is looking to go public in 2025. The company, which is based in San Francisco, was last valued at $25 billion in 2021.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Klarna: <\/strong>The Swedish buy now, pay later (BNPL) fintech confidentially filed in November 2024 for an IPO that\u2019s been a long time in the making, paving the way for it to go public sometime in the first half of 2025. Klarna\u2019s valuation <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-28\/klarna-valuation-raised-by-chrysalis-as-fintech-preps-for-ipo\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">rose to $14.6 billion<\/a> in 2024.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Genesys:<\/strong> The AI cloud startup <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.genesys.com\/company\/newsroom\/announcements\/genesys-announces-confidential-submission-of-draft-registration-statement-related-to-proposed-initial-public-offering\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">announced<\/a> its confidential filing in October 2024. The company is based in Menlo Park, California, and was most recently valued at $21 billion in 2021, it said in a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.genesys.com\/en-gb\/company\/newsroom\/announcements\/genesys-raises-580-million-in-funding-at-21-billion-valuation\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">press release<\/a> at the time. The company is eyeing a 2025 IPO that could raise as much as $2 billion, Bloomberg previously <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-06\/permira-h-f-backed-genesys-is-said-to-tap-banks-for-2025-ipo\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">reported<\/a>.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Clario: <\/strong>The clinical trial software provider <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-25\/drug-trial-software-maker-clario-files-confidentially-for-ipo\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">confidentially filed<\/a> in June 2024 seeking a $10 billion valuation. The company, based in Philadelphia, is looking to go public in 2025, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-23\/private-credit-props-up-growing-tech-firms-amid-ipo-market-lull\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bloomberg reported.<\/a><\/p>\n<p class=\"wp-block-paragraph\"><strong>Cerebras: <\/strong>The chip startup that aims to compete with Nvidia confidentially filed to IPO in August 2024, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cerebras.ai\/press-release\/cerebras-announces-confidential-filing-of-registration-statement-for-proposed-initial-public-offering\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">it announced<\/a>. The company is based in Sunnyvale and is reportedly aiming to roughly double its current $4 billion valuation. The startup\u2019s plans are facing potential delays due to concerns from U.S. regulators about its close ties to G42, a UAE investor and its main customer, Reuters <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.reuters.com\/technology\/cerebras-likely-postpone-ipo-due-cfius-review-delay-g42-deal-sources-say-2024-10-08\/\">reported<\/a>. Fun fact: OpenAI once considered buying Cerebras around 2017.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Circle: <\/strong>The New York-based stablecoin provider filed confidentially in January 2024. While the exact timing remains unclear, in October 2024, Circle CEO Jeremy Allaire <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-25\/circle-ceo-says-the-company-s-ipo-ambitions-remain-despite-delay\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">told Bloomberg<\/a> it remained \u201cvery committed\u201d to going public despite prior delays. President Trump\u2019s embrace of crypto and promise to end government crackdowns on the industry could bolster its chances. The company\u2019s valuation is around $5 billion according to stock that\u2019s been trading on the secondary market, Coindesk <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coindesk.com\/business\/2024\/07\/30\/circle-said-to-be-trading-around-5b-valuation-ahead-of-planned-ipo-sources\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">reported<\/a>.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Harry\u2019s: <\/strong>The New York-based consumer company, which makes razors and other personal care items for men, has confidentially filed to go public, Reuters <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/razor-maker-harrys-files-ipo-sources-say-2024-03-07\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">reported<\/a> in March 2024, citing sources that the firm was nearing $1 billion in revenue and is profitable. The firm was <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/stevenbertoni\/2021\/03\/31\/exclusive-harrys-raises-a-155-million-series-e--at-17-billion-a-year-after-the-ftc-blocked-its-billion-dollar-sale-to-edgewell\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">last valued<\/a> at $1.7 billion in 2021.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Omada Health: <\/strong>The San Francisco-based diabetes startup confidentially filed in the summer of 2024, Business Insider <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.businessinsider.com\/exclusive-omada-health-confidentially-filed-s1-ipo-public-2024-10\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">reported<\/a>, amid hopes of a warmer IPO market in 2025. It was last <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fiercehealthcare.com\/health-tech\/omada-health-hits-unicorn-status-192m-fidelity-led-series-e\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">valued<\/a> at $1 billion in 2022.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-trying-since-2023\"><span class=\"ez-toc-section\" id=\"Trying_since_2023\"><\/span>Trying since 2023<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"wp-block-paragraph\"><strong>Shein: <\/strong>The fast-fashion giant confidentially filed to IPO in the U.S. in 2023, but its hopes were dashed over congressional scrutiny of its supply chain and labor practices. It <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/06\/24\/shein-files-for-london-ipo.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">reportedly<\/a> filed confidentially to IPO in the U.K. in 2024 and is still seeking to IPO as of 2025, although its U.K. foray is also meeting resistance from lawmakers there. Shein, headquartered in Singapore and with operations in China, was last <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-25\/shein-backers-offer-to-sell-at-30-discount-as-ipo-prospects-dim\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">valued at $45 billion<\/a> in 2024, dropping from a $100 billion valuation in 2022.<\/p>\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Atlantic: <\/strong>The San Francisco-based growth equity investor, which has backed firms like <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> and Airbnb, confidentially filed to go public in 2023, Bloomberg <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-11\/investment-firm-general-atlantic-confidentially-files-for-ipo-in-us\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">reported<\/a>. The firm has $96 billion in assets under management following its acquisition of U.K. PE firm Actis, according to a January 2024 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/campbell-lutyens.com\/news-insights\/news\/2024\/general-atlantic-adds-actis-to-create-a-96-billion-aum-diversified-global-investor\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">announcement<\/a>. There\u2019s been no public updates on General Atlantic\u2019s IPO plans since its 2023 filing, though.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Oyo: <\/strong>The SoftBank-backed Indian hotel aggregator confidentially filed in India in March 2023, <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.reuters.com\/markets\/deals\/indias-oyo-pre-files-confidentially-ipo-source-2023-03-31\/\">Reuters reported<\/a>, after a prior attempt fell through. While that attempt didn\u2019t pan out, either, the company is <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/economictimes.indiatimes.com\/tech\/startups\/hospitality-startup-oyo-readying-to-file-ipo-papers-in-first-quarter\/articleshow\/117377154.cms?from=mdr\">reportedly<\/a> planning to file again in the first quarter of 2025. Oyo hit a $3.8 billion <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/tech\/startups\/hospitality-startup-oyo-readying-to-file-ipo-papers-in-first-quarter\/articleshow\/117377154.cms?from=mdr\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">valuation<\/a> in 2024.<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/category\/technology\/\" target=\"_blank\" >Technology<\/a><\/span> category.<\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/techcrunch.com\/2025\/02\/01\/here-are-all-the-ipos-reported-to-be-in-the-works-for-2025\/\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tech is upbeat about more companies going public this year, thanks in part to a new presidential administration that has promised to ease regulations and embrace industries like crypto and AI.\u00a0 But there were already early signs of bullishness \u2014 especially in fintech \u2014 thanks to the wildly successful 2024 IPO of ServiceTitan, a SaaS&#8230;<\/p>\n","protected":false},"author":1,"featured_media":651894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/09\/GettyImages-1046078110.jpg?resize=1200,800","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[151410,74839,5007,154075,70917,153168],"class_list":["post-651893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-evergreens","tag-fundraising","tag-ipo","tag-startup-ipo","tag-startups","tag-vc"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/651893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=651893"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/651893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/651894"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=651893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=651893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=651893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}