IPO Lifecycle

Every US IPO, tracked through hype, lock-up and the valley after.

214 IPOs are inside their first 18 months. Data as of Oct 30, 2026. Phases are rule-based and recomputed after every session; research signals come from rules frozen on October 28, 2026 and tracked live since.

Lifecycle overview

IPO activity by month

  • Over $250M
  • $50M–$250M
  • Under $50M

Operating-company IPOs priced on Nasdaq, NYSE and NYSE American; SPACs excluded. Hover for proceeds.

Sectors, IPOs of the last two years

  • Healthcare67 · 23%
  • Industrials66 · 23%
  • Technology49 · 17%
  • Financial Services30 · 10%
  • Consumer Cyclical21 · 7%
  • Basic Materials15 · 5%
  • Other44 · 15%

What usually happens after an IPO

IPOs from 2014–2025 with a full year of trading
Median return vs offer price, first 250 trading days
  • Under $50M
  • $50M–$250M
  • Over $250M
  • Middle 50%, Over $250M
Return vs offer at day 120, over $250m (n=346)

What 2024–2026 IPOs did (deals ≥ $50M, n=225)

Methodology
Median peak vs offer
+38.6%
first 126 trading days
Median day of peak
day 26
trading days after listing
Median drop from peak
-48.1%
to the low within one year
Below offer at day 120
55%
n=179

Lock-ups expiring in the next 30 days

All lock-ups

Upcoming IPOs (expected pricing)

  • ASPEAspen Neuroscience, Inc.$15.00-17.00 · $183M · Oct 30, 2026
  • OPAYOPAY Ltd$19.00-21.00 · $386M · Oct 30, 2026
  • BBTXBambusa Therapeutics, Inc.$15.00-17.00 · $183M · Oct 30, 2026

Latest IPOs

Open screener
IPOPricedOfferDeal sizeDay 1PeakNow vs offerLast 6 monthsOff peakPhaseLock-up
LYCALycia Therapeutics, Inc.Healthcare · BiotechnologyOct 23, 2026$18.00$318M+66.7%+66.7%day 1+54.1%-16.5%HypeApr 21, 2027in 173d
CTYCITY THERAPEUTICS, INC.Healthcare · BiotechnologyOct 16, 2026$18.00$200M+24.4%+24.4%day 1+23.0%-8.8%HypeApr 14, 2027in 166d
AMROmicroAmaero Inc.Basic Materials · Other Industrial Metals & MiningOct 15, 2026$4.25$20M+3.8%+42.1%day 9+36.0%-4.3%HypeApr 13, 2027in 165d
IAMIambic Therapeutics, Inc.Healthcare · BiotechnologyOct 15, 2026$16.00$150M+18.2%+48.8%day 2-10.8%-41.2%DistributionApr 13, 2027in 165d
RTSNmicroRetension Pharmaceuticals, Inc.Healthcare · BiotechnologyOct 9, 2026$12.00$45M-12.3%+36.1%day 7-1.4%-27.6%DistributionApr 7, 2027in 159d
TRXBTRex Bio, Inc.Healthcare · BiotechnologyOct 9, 2026$14.00$117M0.0%+10.7%day 10-3.4%-12.8%HypeApr 7, 2027in 159d
CHWMmicroChilwa Minerals LtdBasic Materials · Other Industrial Metals & MiningOct 1, 2026$5.60$4M+17.9%+17.9%day 1+0.4%-29.5%DistributionMar 30, 2027in 151d
ACCVAccelevation Holdings Corp.Industrials · Electrical Equipment & PartsSep 30, 2026$18.00$540M-8.9%-7.1%day 4-15.6%-26.7%HypeMar 29, 2027in 150d