Capital Markets IPOs

Performance analysis and trends for 19 IPOs in the capital markets sector.

Total IPOs

19

Avg Return

+40.4%

Success Rate

41.2%

7 of 17 positive

Total Market Cap

$54.5B

Recent IPOs (2024+)

CompanyDateIPO PriceCurrentReturnMarket Cap
GEMI
Gemini Space Station, Inc.
9/12/2025$28.00$4.47-84.0%$200.5M
FIGR
Figure Technology Solutions, Inc.
9/11/2025$25.00$34.36+37.4%$6.2B
MIAX
Miami International Holdings, Inc.
8/14/2025$23.00$47.30+105.7%$4.5B
BMHL
Bluemount Holdings Limited
7/11/2025$4.00$3.55-11.3%$49.8M
GRAN
Grande Group Limited
7/1/2025$5.00$1.00-80.0%$19.9M
CRCL
Circle Internet Group, Inc.
6/5/2025$31.00$94.35+204.3%$21.6B
ETOR
eToro Group Ltd.
5/14/2025$52.00$36.60-29.6%$2.4B
PLUT
Plutus Financial Group Limited
2/5/2025$4.00$2.96-26.0%$45.4M
IPST
IP Strategy Holdings, Inc.
11/22/2024$4.00$4.85+21.3%$2.6M
NAKA
Nakamoto Inc.
5/31/2024N/A$0.19N/A$128.4M

Best Performers

CompanyReturnIPO Date
GSIW
Garden Stage Limited
+655.5%12/1/2023
CRCL
Circle Internet Group, Inc.
+204.3%6/5/2025
MRX
Marex Group plc
+177.8%4/25/2024
MIAX
Miami International Holdings, Inc.
+105.7%8/14/2025
IREN
IREN Limited
+58.7%11/17/2021

Worst Performers

CompanyReturnIPO Date
GEMI
Gemini Space Station, Inc.
-84.0%9/12/2025
TOP
TOP Financial Group Limited
-83.8%6/1/2022
GRAN
Grande Group Limited
-80.0%7/1/2025
ARBK
Argo Blockchain plc
-77.7%9/23/2021
MEGL
Magic Empire Global Limited
-70.0%8/5/2022

Activity by Year

2025
8 IPOs
+14.6%
2024
3 IPOs
+99.5%
2023
4 IPOs
+181.4%
2022
2 IPOs
-76.9%
2021
2 IPOs
-9.5%

All Capital Markets IPOs

CompanyDateIPO PriceCurrentReturnExchange
GEMI
Gemini Space Station, Inc.
9/12/2025$28.00$4.47-84.0%NASDAQ
FIGR
Figure Technology Solutions, Inc.
9/11/2025$25.00$34.36+37.4%NASDAQ
MIAX
Miami International Holdings, Inc.
8/14/2025$23.00$47.30+105.7%NYSE
BMHL
Bluemount Holdings Limited
7/11/2025$4.00$3.55-11.3%NASDAQ
GRAN
Grande Group Limited
7/1/2025$5.00$1.00-80.0%NASDAQ
CRCL
Circle Internet Group, Inc.
6/5/2025$31.00$94.35+204.3%NYSE
ETOR
eToro Group Ltd.
5/14/2025$52.00$36.60-29.6%NASDAQ
PLUT
Plutus Financial Group Limited
2/5/2025$4.00$2.96-26.0%NASDAQ
IPST
IP Strategy Holdings, Inc.
11/22/2024$4.00$4.85+21.3%NASDAQ
NAKA
Nakamoto Inc.
5/31/2024N/A$0.19N/ANASDAQ
MRX
Marex Group plc
4/25/2024$19.00$52.78+177.8%NASDAQ
GSIW
Garden Stage Limited
12/1/2023$4.00$30.22+655.5%NASDAQ
MDBH
MDB Capital Holdings, LLC
9/21/2023$12.00$3.66-69.5%NASDAQ
AXG
Solowin Holdings
9/7/2023N/A$4.15N/ANASDAQ
WAI
Top KingWin Ltd
4/18/2023$4.00$2.33-41.8%NASDAQ
MEGL
Magic Empire Global Limited
8/5/2022$4.00$1.20-70.0%NASDAQ
TOP
TOP Financial Group Limited
6/1/2022$5.00$0.81-83.8%NASDAQ
IREN
IREN Limited
11/17/2021$28.00$44.44+58.7%NASDAQ
ARBK
Argo Blockchain plc
9/23/2021$15.00$3.34-77.7%NASDAQ