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IPO Bloodletting after the “Pop” in 2025: Venture Global, CoreWeave, Figma, Klarna, Bullish, Circle Internet, Naven, Firefly, Fermi…

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Medline is one of the exceptions, after seven trading days. By Wolf Richter for WOLF STREET. There were 202 IPOs in 2025 – not including the 144 SPACs that went public – the most since the IPO boom in 2021 (blue columns, left scale in the chart). But a big part of that volume was driven by foreign…

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