2025 IPO Pricing and Performance

IPO - Pricing (19)
Bank of America Merrill Lynch

Date	Company Name	Sector	Price ($)	Size (M)	1	2	3	Turnover	Gain
						UnderWriters*
Nov 27	Pony AI Inc.	Technology	13	20	GS	BAML	DB	35.8%	-7.7%
Oct 11	CeriBell, Inc.	Health Care	17	10	BAML	JPM		33.7%	47.1%
Oct 2	StandardAero, I	Capital Goods	24	60	JPM	MS	BAML	45.5%	36.5%
Jul 25	Concentra Group	Health Care	23.5	22	JPM	GS	BAML	24.3%	-4.3%
Jul 25	Lineage Inc.	Finance	78	56	MS	GS	BAML	25%	3.1%
Jul 24	OneStream, Inc.	Technology	20	24	MS	JPM	BAML	45%	34.3%
Jul 18	Ardent Health P	Health Care	16	12	JPM	BAML	MS	37.6%	0.4%
Jun 27	Tamboran Resour	Energy	24	3	BAML	CITI	RBC	17.4%	-9.4%
May 10	ZEEKR Intellige	Capital Goods	21	21	GS	MS	BAML	46.2%	34.6%
May 1	Viking Holdings	Consumer Services	24	64	BAML	JPM	UBS	54.7%	8.8%
Apr 18	Ibotta Inc.	Consumer Services	88	6	GS	CITI	BAML	14.7%	11.4%
Apr 18	Centuri Holding	Public Utilities	21	12	UBS	BAML	JPM	14.1%	14%
Apr 12	UL Solutions In	Capital Goods	28	33	GS	JPM	BAML	44.2%	24.8%
Feb 9	BBB Foods Inc.	Consumer Services	17.5	33	JPM	MS	BAML	46%	8.9%
Feb 7	American Health	Finance	12	56	BAML	MS	KEYB	22.7%	10.2%
Feb 2	Fractyl Health,	Health Care	15	7	BAML	MS	EVCR	40.3%	-14.3%
Feb 1	Amer Sports, In	Basic Industries	13	105	GS	BAML	JPM	17.8%	3.1%
Jan 18	Palmer Square C	Finance	16.5	5	JPM	BAML	RBC	19%	-1.6%
Jan 11	Smith Douglas H	Consumer Services	21	7	JPM	BAML	RBC	5.5%	15%

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