Dealogic: 51 US tech IPOs raised $16.8B in 2025, driven by AI and crypto, above the past three-year average but far below 2021's 127 IPOs raising $74.4B news theinformation.com

Valida Pau / The Information: Dealogic: 51 US tech IPOs raised $16.8B in 2025, driven by AI and crypto, above the past three-year average but far below 2021's 127 IPOs raising $74.4B  —  The drought in initial public offerings ended this year, led by big winners in AI and crypto, but gains were rare for companies outside those industries.