What is an IPO in stocks?

An IPO stands for initial public offering. It refers to a company making its shares available for public ownership and trading. When the stock IPOs, it lists on a stock exchange and begins trading.

What's the best IPO to buy now?

Figma has pulled back to near its IPO price and looks attractive as it has stepped up investments in AI. Following the boom in chip demand, there should be growth in AI-based software stocks as well, and Figma looks poised to be a winner there.

Should I invest in IPO stocks?

Maybe. It depends upon your level of risk tolerance, investing horizon, ability to maintain realistic expectations about returns, and a few other factors. If you're considering participating in an IPO, you must be aware that they're among the riskier moves you can make as an investor. That's not necessarily a bad thing. After all, getting in on the ground floor before the stock begins trading gives you the opportunity to maximize your return on an individual stock, as some stocks never fall back to their IPO price. Alternatively, these stocks may underperform because they have yet to be tested in the stock market, and IPO stocks are often money-losing start-ups to begin with, meaning they're already riskier than a typical blue chip stock.

What companies went public in 2025?

Dozens of companies went public in 2025. Among the largest ones were Venture Global (NYSE:VG), an oil and gas company, Smithfield Foods (NASDAQ:SFD), a meat processor, and Flowco Holdings (NYSE:FLOC), an oil and gas services company.

How to buy an IPO before it goes public?

Buying an IPO before it goes public is not always easy. You'll need to check with your brokerage on their requirements, then, if you qualify, place an order. If your offer price is high enough and there is enough supply to meet your order, it will get filled.

Do IPO investments offer higher returns?

IPO investments can offer high returns, but overall, IPO stocks tend to underperform the market in their first few years. This is because IPO stocks are often unprofitable, and because the lockup effect, when insiders sell shares, can create downward pressure on the stock.

Best IPO Stocks to Buy in 2026: Latest Upcoming Stocks to Watch

By Jeremy Bowman – Updated Mar 9, 2026 at 8:46 PM EST | Fact-checked by Frank Bass

Key Points

IPO stocks can offer high growth but are volatile and lack track records.
Checking company finances and growth potential in S-1 filings is crucial.
Market conditions significantly impact IPO performance and investor interest.

If you're hunting for high-growth stocks, initial public offerings (IPOs) are one of the best places to look. Some of the most valuable companies in the world were once freshly minted public offerings, and investors who spotted them early made a fortune.

But not every IPO is a winner. Volatility is high in IPO stocks, track records are short, and enthusiasm can send valuations to irrational heights fast. Here's what's worth your attention right now.

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Ticker Information Table
Name and ticker	Market cap	Dividend yield	Industry
CoreWeave (NASDAQ:CRWV)	$38.5 billion	0.00%	IT Services
Figma (NYSE:FIG)	$15.2 billion	0.00%	Software
Circle Internet Group (NYSE:CRCL)	$24.0 billion	0.00%	Software
Omada Health (NASDAQ:OMDA)	$813.6 million	0.00%	Healthcare Providers and Services
StubHub (NYSE:STUB)	$2.9 billion	0.00%	Entertainment

Data as of Mar 9, 2026. Showing 5 of 5 tickers.

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1. CoreWeave

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NASDAQ: CRWV

CoreWeave

Today's Change

(2.01%) $1.47

Current Price

$74.45

Key Data Points

Market Cap

$38B

Day's Range

$70.70 - $74.50

52wk Range

$33.52 - $187.00

Volume

983K

Avg Vol

28M

Gross Margin

47.77%

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2. Figma

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NYSE: FIG

Figma

Today's Change

(4.57%) $1.33

Current Price

$30.44

Key Data Points

Market Cap

$15B

Day's Range

$28.72 - $30.65

52wk Range

$19.85 - $142.92

Volume

410K

Avg Vol

12M

Gross Margin

82.43%

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Figma (FIG +4.57%) is one of the newest companies to go public with its IPO at the end of July.

The stock soared initially as Figma has built a strong business around design software with a stable of top customers, strong top-line growth, GAAP profits on the bottom line, and new AI-powered products.

Prior to going public, Figma was in the news for agreeing to be sold to Adobe for $20 billion. However, regulators broke up the deal, claiming that it was anti-competitive.

Though Figma still competes against Adobe, the company has arguably the leading brand in user experience and user interaction (UX/UI) software, and has a bright future in front of it.

The company is investing aggressively in AI and recently popped after OpenAI touted a Figma integration.

Since surging on its IPO, the stock has faded on concerns about overspending on new products, broader concerns about valuation, and pressure on SaaS stocks due to fears about disruption from AI. In March 2026, the stock was trading near its $33 IPO price with a market cap well below Adobe's buyout offer of $20 billion.

3. Circle

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NYSE: CRCL

Circle Internet Group

Today's Change

(9.74%) $9.93

Current Price

$111.84

Key Data Points

Market Cap

$24B

Day's Range

$104.89 - $112.63

52wk Range

$31.00 - $298.99

Volume

917K

Avg Vol

13M

Gross Margin

5.88%

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Circle Internet Group (CRCL +9.74%) went public in June with a blazing-hot IPO. After pricing its offering at $31, the stock opened at $69 on its first trading day and jumped 56% over the next two days, though it's since retreated from most of its initial surge.

The demand for Circle's shares indicates strong interest in crypto stocks. There are only a few pure-play crypto stocks on the market, and crypto did well through most of 2025, with Bitcoin (BTC +5.63%) hitting an all-time high before concerns about a bubble and a weakening labor market led to a sell-off in cryptocurrencies.

Circle issues the stablecoin USDC (USDC +0.01%), the biggest dollar-denominated stablecoin after Tether (USDT +0.01%). It earns money on transaction fees and interest on the reserves it holds to back the stablecoin, though that means falling interest rates could eat into profits. It also recently launched Circle Payments Network, which can facilitate cross-border payments in real time.

The rise of prediction markets has also emerged as a key driver for Circle's growth, as Polymarket is run on the USDC coin, and the two companies strengthened their partnership in Feb. 2026 when Circle said it would supply Polymarket with native USDC settlement infrastructure, increasing Circle's role in Polymarket's transactions.

Circle had a modest, generally accepted accounting principles (GAAP) loss in 2025, with a net loss of $69.5 million on $2.7 billion in revenue, up 64% from 2024.

4. Omada Health

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NASDAQ: OMDA

Omada Health

Today's Change

(2.42%) $0.34

Current Price

$14.39

Key Data Points

Market Cap

$814M

Day's Range

$13.65 - $15.02

52wk Range

$10.28 - $28.40

Volume

3.6M

Avg Vol

1.2M

Gross Margin

65.52%

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Another new IPO stock is Omada Health (OMDA +2.42%), a virtual care company known for its focus on chronic conditions like diabetes.

Omada went public on June 6, 2025 raising $150 million. The stock popped on its opening day, gaining 21% from its $19 IPO price.

Combined with the response to the Circle IPO, investor sentiment seemed to indicate strong demand for new issues after a long, cold spell in IPOs.

Omada's revenue rose 53% to $260.2 million in 2025 and reported a net loss of $12.8 million, which was an improvement from a loss of $47.2 million in 2023.

Omada is also seeing strong in membership with members up 55% to 886,000 at the end of the year.

5. StubHub

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NYSE: STUB

StubHub

Today's Change

(-1.44%) $-0.12

Current Price

$8.23

Key Data Points

Market Cap

$2.9B

Day's Range

$8.14 - $9.15

52wk Range

$8.06 - $27.89

Volume

9.5M

Avg Vol

3.6M

Gross Margin

80.54%

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After years under the umbrella of eBay and then Viagogo, a ticket exchange platform, StubHub went public in September 2025.

Stubhub is not a new company by any means, having been founded in 2000 in the dot-com boom. While its growth has slowed over the years, the company has an attractive business model, thanks to the network effects endemic in secondary ticketing platforms.

It's the largest secondary ticket marketplace in the world, though it trails Ticketmaster as the largest overall ticketing platform.

After a boost from Taylor Swift's Eras tour, Stubhub experienced a downshift in revenue growth in 2025. It finished 2025 with gross merchandise sales (GMS) of 6%, or 18% excluding the impact of the Eras tour. Revenue was down 1.5% to $1.75 billion, showing its take rate declined.

The company has historically been profitable on a cash basis, but it has $1.5 billion in debt, much of which came from its acquisition by Viagogo.

Its first few months as a public company have been a disappointment, with the stock down more than 50% from its $23.50 IPO price as of March 2026.

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IPOs: FAQ

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About the Author

Jeremy Bowman has been a contributing Motley Fool stock market analyst, covering technology, consumer goods, and macroeconomic trends since 2011. Before The Motley Fool, Jeremy was a newspaper reporter, restaurant manager, and English teacher abroad. He holds a bachelor’s degree in English from Colorado College and a master’s degree in business administration from American University. One of his Motley Fool headlines was briefly featured on Late Night with Stephen Colbert.

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Jeremy Bowman has positions in CoreWeave, Figma, and Nvidia. The Motley Fool has positions in and recommends Bitcoin, Figma, Nvidia, and Omada Health. The Motley Fool has a disclosure policy.