Honestly, the stock market this month feels like we’re finally exhaling after a three-year-long panic attack. If you’ve been tracking ipo news today october 2025, you know the "fintech winter" is officially dead. It’s not just about more companies going public; it’s about who is doing it and how much they’re actually making. Gone are the days of hype-only startups burning cash like it’s a bonfire.
The big story right now? India is absolutely dominating the global stage, while the U.S. is playing a high-stakes game of "who’s actually profitable?"
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The October Surge: LG, Tata, and the India Wave
While everyone was looking at Wall Street, Mumbai just threw the biggest party of the year. The primary market in India is basically on fire this month. LG Electronics India kicked things off with a massive ₹11,607 crore offering. That’s roughly $1.4 billion for those of us tracking in USD. They aren't alone. Tata Capital and WeWork India (which, yeah, is still a thing and doing surprisingly well compared to its former U.S. parent) also jumped into the fray.
What’s wild is the subscription numbers. We’re seeing these IPOs get oversubscribed within hours, not days. It sort of proves that the global appetite for "mainboard" listings—the big, stable players—is way higher than the risky moonshots we saw back in 2021.
- LG Electronics India: Priced between ₹1,080 and ₹1,140.
- Tata Capital: A massive ₹15,511 crore issue size.
- The Vibe: High-value, stable, and incredibly hungry investors.
The U.S. Scene: Waiting for the Big Tech Dominoes
Back in the States, the mood is... well, it’s complicated. We’ve had a few massive wins earlier this year like Circle Internet Group (CRCL) and CoreWeave (CRWV), but October is behaving more like a strategic pause before the Q4 sprint.
The "Big Three" everyone is whispering about—Stripe, Databricks, and Klarna—are still the elephants in the room. Stripe is basically the "Godot" of the IPO world; we’re all waiting, and they keep making enough money to stay private. Latest whispers put Stripe's valuation around $91 billion. That's a staggering number for a company that technically doesn't "need" to go public.
But there’s a catch.
The U.S. government shutdown earlier this year really threw a wrench in the SEC's gears. A lot of the paperwork that should have been processed for an October debut got pushed. This means the ipo news today october 2025 is less about "Day 1 pops" and more about the massive backlog building up for November and December.
Why the "Hype IPO" is Dead (and Why That's Good)
If you look at the data from PitchBook or EY, the average revenue of a tech company going public in 2025 is over $800 million. That is nearly double what it was a few years ago. Investors aren't buying dreams anymore. They want receipts.
Take Figma, for example. After the Adobe deal fell through, they didn't just crawl into a hole. They waited until they hit profitability earlier this year and then hit the market at a $20 billion valuation. It wasn't the $40 billion people dreamed of, but it was real.
The Crypto and AI Resurgence
You can't talk about IPOs today without mentioning the "Circle Effect." When Circle Internet Group went public in May, the stock absolutely rocketed—up nearly 170% on day one. It proved that crypto-centric firms can survive the public markets if they focus on infrastructure rather than speculation.
Now, we’re seeing Gemini (the Winklevoss exchange) and even Grayscale eyeing the exit.
On the AI side, Cerebras Systems is the one to watch. They are the "Nvidia challenger," and their revenue growth—reportedly 14-fold in just six months—is the kind of thing that makes hedge fund managers lose sleep. They filed in September, and while we’re still waiting for the final pricing, they’re aiming for an $8 billion valuation.
What Most People Get Wrong About 2025 IPOs
Most retail investors still think an IPO is a guaranteed 20% gain on the first day.
Stop. Just stop.
The 2025 market is "selective." That’s the polite word experts like Karim Anani at EY use. The blunt version? If your company doesn't have a clear path to being "cash-flow positive," you’re going to get slaughtered. About 25% of companies listing this year are already profitable. In 2021, that number was a measly 12%.
Actionable Insights for the Savvy Investor
If you're looking to play the IPO game this month or heading into the end of the year, here is the reality check you need:
- Watch the "Secondary" Markets: Companies like Stripe and SpaceX often have shares trading on platforms like Hiive or Forge Global before they ever hit the NYSE. It's a great way to gauge real demand vs. media hype.
- India is the Growth Engine: Don't ignore international listings. The liquidity in the Indian market right now is arguably more "optimistic" than the cautious vibe in New York.
- The "6-Month Rule": Most of the big 2025 IPOs, like Voyager Technologies and Circle, had their biggest volatility in the first 180 days. If you missed the listing, don't FOMO in. Wait for the lock-up period to expire; that’s usually when you find the real entry price.
- AI Hardware over AI Software: Investors are currently favoring companies that build the "shovels" (chips and data centers like CoreWeave and Cerebras) over those just building "apps" on top of ChatGPT.
The IPO market isn't "back" to the crazy days of 2021—and honestly, we should be thankful for that. What we have now is a market that rewards actual business models. It’s boring, it’s stable, and for the first time in a long time, it’s actually sustainable.
Keep an eye on the SEC filings in the next two weeks. If the backlog clears, the "October lull" is going to turn into a November landslide.