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News  ›  Investing.com

Notable Newcomers: These 2025 IPOs Dominated the Year

Investing.com Logo Investing.com By Leo Miller
Notable Newcomers: These 2025 IPOs Dominated the Year

In 2025, over 200 U.S. IPOs occurred, with less than a quarter beating the S&P 500's 18% return. Three standout performers were Karman (defense/aerospace, +230%), Circle Internet Group (stablecoin issuer, +150%), and Hinge Health (digital physical therapy, +45%), all significantly outperforming the broader market.

Insights
KRMN   positive

Exceptional IPO performance with 230% return, accelerating quarterly revenue growth (42% in Q4 vs 21% in Q1), strong gross margins (41%), and analyst consensus price target suggesting 5% additional upside despite significant gains.