New Tech IPOs and Median Market Cap ($M) at IPO
The chart shows the annual number of US-based tech IPOs, their median market cap at IPO, and total IPO volume from 2015 to 2025. Tech IPO activity peaked in 2021 with 88 IPOs before sharply dropping in 2022 and 2023.
| Label | Value shown on the chart |
|---|---|
| 2015 New Tech IPOs | 19 |
| 2016 New Tech IPOs | 14 |
| 2017 New Tech IPOs | 27 |
| 2018 New Tech IPOs | 26 |
| 2019 New Tech IPOs | 23 |
| 2020 New Tech IPOs | 35 |
| 2021 New Tech IPOs | 88 |
| 2022 New Tech IPOs | 2 |
| 2023 New Tech IPOs | 3 |
| 2024 New Tech IPOs | 8 |
| 2025 New Tech IPOs | 21 |
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