The start of a new year often brings fresh investment opportunities. A key question for 2025 is: Which innovative companies are poised to go public? Following a year of successful IPOs from companies like Reddit (RDDT) and Nano Nuclear Energy (NNE), the market, particularly in the tech sector, anticipates even greater activity.
Table Content:
- High-Profile Tech IPOs to Watch in 2025
- CoreWeave: Riding the AI Wave
- Klarna: Revolutionizing “Buy Now, Pay Later”
- Chime: Disrupting Traditional Banking
- Two More Potential Tech IPOs for 2025
- Cerebras Systems: Challenging Chipmaking Giants
- Zopa: A Leading European Neobank
- Conclusion: A Year of Transformation
While 2024 focused heavily on artificial intelligence (AI), experts predict a potential surge in quantum computing companies entering the market this year. However, both sectors are expected to maintain strong growth trajectories. This article explores several potential tech IPOs anticipated to reshape the market landscape in 2025.
High-Profile Tech IPOs to Watch in 2025
Several promising companies are preparing to list on major exchanges like the Nasdaq and the New York Stock Exchange.
CoreWeave: Riding the AI Wave
With the ongoing AI boom, investors are constantly searching for the next Nvidia (NVDA). CoreWeave, an AI startup backed by Nvidia, is positioned for a Q3 2025 IPO with a projected valuation of $3.5 billion. Specializing in data-intensive AI workload infrastructure, CoreWeave offers cloud computing and AI object storage solutions tailored for AI and machine learning models. Notably, in August 2023, CoreWeave became the first cloud provider to deploy the NVIDIA H200 Tensor Core GPU, enhancing its ability to deliver high-performance computing solutions.
Klarna: Revolutionizing “Buy Now, Pay Later”
Swedish fintech firm Klarna, specializing in digital payment processing, could be the next major player in the “buy now, pay later” space. Having confidentially submitted its IPO registration to the SEC in November 2024, Klarna offers installment payment plans, competing directly with credit card companies. Backed by SoftBank (SFTBY) and Sequoia Capital, Klarna’s IPO valuation is estimated between $15 and $20 billion, significantly higher than its 2022 valuation of $6.7 billion.
Chime: Disrupting Traditional Banking
Chime, a popular digital banking app, also confidentially filed for an IPO in December 2024. Offering features like no-fee banking and early paycheck access, Chime has become the leading neobank in the U.S. While the IPO valuation remains undisclosed, Chime’s last funding round in 2021 placed its value at $25 billion. Like Klarna, Chime enjoys the backing of SoftBank, Sequoia, and Tiger Global.
Two More Potential Tech IPOs for 2025
Beyond the frontrunners, two more companies are on the radar for potential 2025 IPOs.
Cerebras Systems: Challenging Chipmaking Giants
Cerebras Systems, a competitor to Nvidia, develops AI chips using its unique Wafer-Scale Engine (WSE) technology. This innovative approach involves fabricating a single large chip that spans an entire silicon wafer, potentially rivaling industry giants like Nvidia, AMD, and Intel (INTC). While a September 2024 IPO filing was delayed due to a CFIUS review of a minority stake held by G42, Cerebras could revisit its public offering in 2025 if the review concludes favorably.
Zopa: A Leading European Neobank
Zopa, a U.K.-based digital bank, provides deposit accounts, personal loans, and credit cards. Transitioning from its origins as a peer-to-peer lending platform, Zopa has become a leading European neobank with a substantial customer base. Having raised nearly $8.7 billion in equity funding and boasting a valuation exceeding $1 billion, Zopa is strategically awaiting optimal market conditions before launching its IPO. The success of the Klarna and Chime IPOs could pave the way for Zopa to go public in late 2025.
Conclusion: A Year of Transformation
2025 promises to be a significant year for the tech IPO market. The companies highlighted in this article represent a diverse range of innovative solutions and disruptive technologies, poised to reshape their respective industries. Investors should closely monitor these developments as these IPOs have the potential to generate substantial returns and significantly impact the broader market landscape.
