2025 IPO Pricing and Performance

IPO - Pricing (25)
Goldman Sachs

Date	Company Name	Sector	Price ($)	Size (M)	1	2	3	Turnover	Gain
						UnderWriters*
Dec 12	ServiceTitan, I	Technology	71	8	GS	MS	WLFG	58.4%	42.3%
Nov 27	Pony AI Inc.	Technology	13	20	GS	BAML	DB	35.8%	-7.7%
Oct 24	Ingram Micro Ho	Technology	22	18	MS	GS	JPM	41.7%	11.8%
Oct 9	KinderCare Lear	Consumer Services	24	24	GS	MS	BRCL	39.2%	8.9%
Sep 26	BioAge Labs Inc	Health Care	18	11	GS	MS	JEFF	42%	1.7%
Jul 25	Concentra Group	Health Care	23.5	22	JPM	GS	BAML	24.3%	-4.3%
Jul 25	LATAM Airlines	Capital Goods	24	19	GS	BRCL	JPM	46.9%	2.9%
Jul 25	Lineage Inc.	Finance	78	56	MS	GS	BAML	25%	3.1%
Jun 28	LandBridge Co.	Miscellaneous	17	14	GS	BRCL	WLFG	22.1%	36%
Jun 27	WEBTOON Enterta	Technology	21	15	GS	MS	JPM	42.8%	9.5%
Jun 7	Waystar Holding	Technology	21.5	45	JPM	GS	BRCL	35%	-3.7%
Jun 7	Rapport Therape	Health Care	17	8	GS	JEFF	Stifel	22.2%	22.4%
Jun 6	Life360, Inc.	Technology	27	5	GS	EVCR	UBS	18%	0%
May 10	ZEEKR Intellige	Capital Goods	21	21	GS	MS	BAML	46.2%	34.6%
Apr 25	Rubrik Inc	Technology	32	23	GS	BRCL	CITI	79.1%	15.6%
Apr 25	Marex Group plc	Finance	19	15	BRCL	GS	JEFF	47.2%	-1.1%
Apr 18	Ibotta Inc.	Consumer Services	88	6	GS	CITI	BAML	14.7%	11.4%
Apr 12	UL Solutions In	Capital Goods	28	33	GS	JPM	BAML	44.2%	24.8%
Apr 5	Contineum Thera	Health Care	16	6	GS	MS	Stifel	22.9%	-3.8%
Mar 28	Boundless Bio,	Health Care	16	6	GS	LRNK	PS	27.8%	-10.9%
Mar 21	Reddit, Inc.	Technology	34	22	MS	GS	JPM	72.4%	35.3%
Feb 1	Amer Sports, In	Basic Industries	13	105	GS	BAML	JPM	17.8%	3.1%
Jan 26	BrightSpring He	Health Care	13	53	GS	KKR	JEFF	46.7%	-15.4%
Jan 26	ArriVent BioPha	Health Care	18	9	GS	JEFF	CITI	20.5%	11.1%
Jan 25	CG Oncology Inc	Health Care	19	20	MS	GS	CNTR	44.1%	95.6%

* Lead manager or one of top three managers in an underwriting team.