It’s officially a new year and as always, this means new opportunities for investors.
One question that’s likely on many people’s minds is: Which new companies plan to go public in 2025?
Over the past year, several prominent names opted for an initial public offering (IPO), including Reddit (RDDT) and Nano Nuclear Energy (NNE) , both of which have performed exceptionally well in their first year of trading.
The IPO market could be even better this year, particularly for tech companies. In 2024, many eyes were on the booming artificial intelligence (AI) market.
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Now, as economic tides prepare to shift again, some experts feel there may be even more opportunity for companies in the quantum computing space. However, both sectors are projected to keep growing.
Which tech sector innovators are planning to start trading in 2025? Let’s take a look at potential tech IPOs that could shake up markets this year.
Some key new companies are looking to start trading this year, likely on both the Nasdaq and New York Stock Exchange.
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Tech IPOs to watch for in 2025
CoreWeave
Since the start of the current AI boom, investors have been looking for the next Nvidia (NVDA) . Now, an AI startup backed by the leading chipmaker is gearing up to go public in Q3 2025 with a valuation of $3.5 billion.
CoreWeave provides data-intensive AI workload infrastructure. The AI hyperscaler offers a wide range of services, including cloud computing solutions and AI object storage, both of which are designed to support workflows for AI and machine learning models.
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In August 2023, CoreWeave became the first cloud computing company to deploy the NVIDIA H200 Tensor Core graphics processing unit (GPU), a high-performance AI chip. This enables it to deliver powerful computations for clients.
Klarna
If any investors are seeking the next big “buy now, pay later” play, it may be coming as early as Q1 2025. Swedish fintech firm Klarna, a digital payment processing company, announced in November 2024 that it had confidentially submitted the registration statement for an IPO to the U.S. Securities and Exchange Commission (SEC). Companies often opt to file confidential to maintain privacy regarding their financial or operation matters, especially if they have sensitive information that a public filing would reveal.
Klarna offers installment payment plans that allow it to compete with credit card issuers. Its backers include Japanese conglomerate SoftBank (SFTBY) and leading venture capital firm Sequoia Capital.
The company ended its last funding round in 2022 with a valuation of $6.7 billion, but according to estimates, the Klarna IPO could be valued between $15 and $20 billion.
Chime
Klarna might not be the only financial services IPO that will shake up markets in 2025. According to reports, the popular digital banking app Chime also filed confidentially to go public, submitting the required forms in December 2024.
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Chime offers many features, such as no-fee banking and early paycheck access, which has made it the most popular neobank in the U.S. While there is no current valuation for the Chime IPO, the company was valued at $25 billion in 2021 after its last funding round, though that came at the height of the 2021 IPO frenzy.
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Like Klarna, Chime is backed by SoftBank and Sequoia and wealth management firm Tiger Global.
Two potential tech IPOs for 2025
Cerebras Systems
One of Nvidia’s competitors filed to go public in September 2024, only to halt it due to legal difficulties.
Cerebras Systems produces chips for AI systems using its Wafer-Scale Engine (WSE) technology. It fabricates one large chip capable of spanning an entire silicon wafer. This unique type of chipmaking has led to speculation that it can rival companies like Nvidia, Advanced Micro Devices AMD, and Intel (INTC) .
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However, Cerebras delayed its IPO after the September filing after the Committee on Foreign Investment in the United States (CFIUS) announced a review of investment firm G42’s minority stake. If the review concludes in the near future, though, and no illicit action is revealed, the company could opt to go public in 2025.
Zopa
The potential fintech IPO boom of 2025 isn’t confined to the U.S. Zopa is a U.K.-based digital bank that offers deposit accounts and personal loans as well as credit cards. Originally a peer-to-peer lending company, it has since grown into one of Europe’s leading neobanks — digital-only institutions — and currently boasts a customer base of roughly 1.3 billion.
According to TechCrunch, Zopa has successfully raised the equivalent of almost $8.7 billion in equity funding. The outlet notes that after this round, the company is valued at “well over $1 billion,” though no specific valuation has been disclosed.
CEO Jaidev Janardana recently stated Zopa is waiting for more favorable market conditions before going public. But if the Klarna and Chime IPOs go well, it could create exactly that, setting the stage for a Zopa IPO in late 2025.
Related: Veteran fund manager issues dire S&P 500 warning for 2025
