Software - Application IPOs

Performance analysis and trends for 56 IPOs in the software - application sector.

Total IPOs

56

Avg Return

-44.8%

Success Rate

10.9%

6 of 55 positive

Total Market Cap

$82.2B

Recent IPOs (2024+)

CompanyDateIPO PriceCurrentReturnMarket Cap
WLTH
Wealthfront Corporation
12/12/2025$14.00$10.71-23.5%$1.6B
GLOO
Gloo Holdings, Inc.
11/19/2025$8.00$6.64-17.0%$75.7M
NAVN
Navan, Inc.
10/30/2025$25.00$16.15-35.4%$3.8B
KNRX
Knorex Ltd.
9/29/2025$4.00$1.33-66.8%$34.1M
PLTS
Platinum Analytics Cayman Limited
9/19/2025$4.00$17.50+337.5%$196.1M
PTRN
Pattern Group Inc.
9/19/2025$14.00$13.55-3.2%$2.1B
VIA
Via Transportation, Inc.
9/12/2025$46.00$15.40-66.5%$1.2B
YMT
Yimutian Inc.
8/19/2025$4.10$0.19-95.4%$18.8M
WYFI
WhiteFiber, Inc.
8/7/2025$17.00$15.54-8.6%$596.2M
FIG
Figma, Inc.
7/31/2025$33.00$17.18-47.9%$7.6B

Best Performers

CompanyReturnIPO Date
PLTS
Platinum Analytics Cayman Limited
+337.5%9/19/2025
MFI
mF International Limited
+110.0%4/22/2024
YOU
Clear Secure, Inc.
+73.5%6/30/2021
CWAN
Clearwater Analytics Holdings, Inc.
+34.1%9/24/2021
TGL
Treasure Global Inc.
+7.0%8/11/2022

Worst Performers

CompanyReturnIPO Date
EPWK
EPWK Holdings Ltd.
-99.2%2/6/2025
ZENV
Zenvia, Inc.
-98.5%7/22/2021
EXFY
Expensify, Inc.
-96.2%11/10/2021
YMT
Yimutian Inc.
-95.4%8/19/2025
YXT
YXT.COM Group Holding Limited
-94.8%8/16/2024

Activity by Year

2025
19 IPOs
-23.5%
2024
13 IPOs
-48.1%
2023
4 IPOs
-78.1%
2022
3 IPOs
-36.3%
2021
17 IPOs
-60.8%

All Software - Application IPOs

CompanyDateIPO PriceCurrentReturnExchange
WLTH
Wealthfront Corporation
12/12/2025$14.00$10.71-23.5%NASDAQ
GLOO
Gloo Holdings, Inc.
11/19/2025$8.00$6.64-17.0%NASDAQ
NAVN
Navan, Inc.
10/30/2025$25.00$16.15-35.4%NASDAQ
KNRX
Knorex Ltd.
9/29/2025$4.00$1.33-66.8%NYSE American
PLTS
Platinum Analytics Cayman Limited
9/19/2025$4.00$17.50+337.5%NASDAQ
PTRN
Pattern Group Inc.
9/19/2025$14.00$13.55-3.2%NASDAQ
VIA
Via Transportation, Inc.
9/12/2025$46.00$15.40-66.5%NYSE
YMT
Yimutian Inc.
8/19/2025$4.10$0.19-95.4%NASDAQ
WYFI
WhiteFiber, Inc.
8/7/2025$17.00$15.54-8.6%NASDAQ
FIG
Figma, Inc.
7/31/2025$33.00$17.18-47.9%NYSE
CHYM
Chime Financial, Inc.
6/12/2025$27.00$21.62-19.9%NASDAQ
YB
Yuanbao Inc.
4/30/2025$15.00$16.02+6.8%NASDAQ
ATHR
Aether Holdings, Inc.
4/10/2025$4.30$4.06-5.6%NASDAQ
BLIV
BeLive Holdings
4/4/2025$4.00$2.45-38.8%NASDAQ
BIYA
Baiya International Group Inc.
3/21/2025$4.00$1.53-61.8%NASDAQ
RCT
RedCloud Holdings plc
3/21/2025$4.50$0.66-85.4%NASDAQ
SAGT
Sagtec Global Limited
3/7/2025$4.00$1.70-57.5%NASDAQ
EPWK
EPWK Holdings Ltd.
2/6/2025$4.10$0.03-99.2%NASDAQ
MASK
3 E Network Technology Group Limited
1/8/2025$4.00$1.67-58.3%NASDAQ
HIT
Health In Tech, Inc.
12/23/2024$4.00$1.49-62.8%NASDAQ
YAAS
Youxin Technology Ltd
12/20/2024$4.50$1.54-65.8%NASDAQ
NTCL
NetClass Technology Inc
12/13/2024$5.00$0.39-92.2%NASDAQ
TTAN
ServiceTitan, Inc.
12/12/2024$71.00$60.68-14.5%NASDAQ
WRD
WeRide Inc.
10/25/2024$15.50$7.82-49.5%NASDAQ
WCT
Wellchange Holdings Company Limited
10/2/2024$4.00$2.01-49.9%NASDAQ
YXT
YXT.COM Group Holding Limited
8/16/2024$11.00$0.57-94.8%NASDAQ
ORKT
Orangekloud Technology Inc.
7/25/2024$4.75$1.04-78.1%NASDAQ
SVCO
Silvaco Group, Inc.
5/9/2024$19.00$10.00-47.4%NASDAQ
MFI
mF International Limited
4/22/2024$5.00$10.50+110.0%NASDAQ
IBTA
Ibotta, Inc.
4/18/2024$88.00$35.59-59.6%NYSE
RYDE
Ryde Group Ltd
3/6/2024$4.00$1.18-70.5%NYSE American
LGCL
Lucas GC Limited
3/5/2024$4.00$2.00-50.0%NASDAQ
SGN
Signing Day Sports, Inc.
11/14/2023$5.00$0.54-89.2%NYSE American
HKIT
Hitek Global Inc.
3/31/2023$5.00$0.85-83.0%NASDAQ
AIXI
Xiao-I Corporation
3/9/2023$6.80$0.73-89.3%NASDAQ
BMR
Beamr Imaging Ltd.
2/28/2023$4.00$1.97-50.8%NASDAQ
TGL
Treasure Global Inc.
8/11/2022$4.00$4.28+7.0%NASDAQ
HKD
AMTD Digital Inc.
7/15/2022$7.80$1.76-77.4%NYSE
HTCR
HeartCore Enterprises, Inc.
2/10/2022$5.00$3.07-38.6%NASDAQ
BRZE
Braze, Inc.
11/17/2021$65.00$22.41-65.5%NASDAQ
EXFY
Expensify, Inc.
11/10/2021$27.00$1.02-96.2%NASDAQ
CYN
Cyngn Inc.
10/20/2021$7.50$1.68-77.6%NASDAQ
AMPL
Amplitude, Inc.
9/28/2021$35.00$7.06-79.8%NASDAQ
CWAN
Clearwater Analytics Holdings, Inc.
9/24/2021$18.00$24.14+34.1%NYSE
FRSH
Freshworks Inc.
9/22/2021$36.00$8.29-77.0%NASDAQ
SRAD
Sportradar Group AG
9/14/2021$27.00$12.35-54.3%NASDAQ
MYSE
Myseum.AI, Inc.
8/13/2021N/A$2.79N/ANASDAQ
RSKD
Riskified Ltd.
7/29/2021$21.00$4.46-78.8%NYSE
ZENV
Zenvia, Inc.
7/22/2021$13.00$0.19-98.5%NASDAQ
LAW
CS Disco, Inc.
7/21/2021$32.00$4.45-86.1%NYSE
VTEX
VTEX
7/21/2021$19.00$3.99-79.0%NYSE
BLND
Blend Labs, Inc.
7/16/2021$18.00$1.43-92.1%NYSE
DIDIY
DiDi Global Inc.
6/30/2021$14.00$3.78-73.0%OTC Pink
YOU
Clear Secure, Inc.
6/30/2021$31.00$53.77+73.5%NYSE
CXM
Sprinklr, Inc.
6/23/2021$16.00$5.07-68.3%NYSE
YMM
Full Truck Alliance Co. Ltd.
6/22/2021$19.00$8.65-54.5%NYSE