NYSE's Lynn Martin Sees Active IPO Market in 2025

The IPO market has been on a rollercoaster ride in recent years, with a surge in activity during the SPAC-fueled craze of 2021, followed by a decline in 2022 and 2023. However, Lynn Martin, President of the New York Stock Exchange (NYSE), is optimistic about the IPO market's prospects in 2025. In a recent interview, Martin expressed her confidence in the upcoming year, highlighting several companies that are poised to go public and the sectors that are expected to be particularly active.

Martin's optimism is rooted in the strong performance of the U.S. IPO market in 2024. According to Renaissance Capital, 266 companies went public through traditional IPOs, direct listings, and completed SPAC mergers, raising a total of $82.9 billion. This represents a 24% increase in the number of IPOs and a 78% increase in proceeds compared to 2023. Martin believes that this trend will continue into 2025, with a robust pipeline of companies ready to go public on the NYSE.

One of the companies that Martin expects to pursue an IPO in 2025 is ServiceTitan, a software company for contract workers. The company filed confidentially with the SEC in late June 2024 and could be the first pure-play AI company to go public. CoreWeave, a cloud infrastructure company, is also planning an IPO in the first half of 2025. Netskope, a cloud-native security company, is expected to IPO in the second half of 2025.

Martin anticipates that the IPO market in 2025 will be particularly active in sectors such as technology, healthcare, and renewable energy. According to Renaissance Capital, tech IPOs raised $14.6 billion in 2024, accounting for 44% of total IPO proceeds. Healthcare IPOs raised $6.5 billion, while renewable energy IPOs raised $3.2 billion. Martin expects these sectors to continue their momentum, driven by innovation and investor demand.



However, it is essential to consider that IPO performance can be volatile, and past performance does not guarantee future results. Investors should carefully evaluate each company's fundamentals and market conditions before making investment decisions.

In conclusion, Lynn Martin's optimism about the IPO market in 2025 is supported by the strong performance of the U.S. IPO market in 2024. With a robust pipeline of companies ready to go public and active sectors such as technology, healthcare, and renewable energy, the IPO market in 2025 is expected to be active and promising. Investors should stay informed about the latest developments and carefully evaluate each company's prospects before making investment decisions.