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 Stocks to Watch

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

By Jeremy Bowman – Updated Jun 19, 2026 at 2:13 AM EST | Fact-checked by Frank Bass

Key Points

SpaceX's IPO set records, becoming the largest ever with considerable growth expectations, but profitability is uncertain.
CoreWeave, an AI cloud firm, rebounded post-IPO despite initial underperformance, signaling strong market demand.
Figma's stock retreated below its IPO price, affected by expansion and valuation concerns despite its strong SaaS presence.

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
Space Exploration Technologies (NASDAQ:SPCX)	$2.4 trillion	0.00%	Diversified Telecommunication Services
CoreWeave (NASDAQ:CRWV)	$64.3 billion	0.00%	IT Services
Figma (NYSE:FIG)	$10.0 billion	0.00%	Software
Circle Internet Group (NYSE:CRCL)	$19.9 billion	0.00%	Software
StubHub (NYSE:STUB)	$4.4 billion	0.00%	Entertainment

Data as of Jun 20, 2026. Showing 5 of 5 total entries.

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1. SpaceX

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NASDAQ: SPCX

Space Exploration Technologies

Today's Change

(-3.55%) $-6.82

Current Price

$185.00

Key Data Points

Market Cap

$2.4T

Day's Range

$172.11 - $190.00

52wk Range

$149.34 - $225.64

Volume

272.1M

Avg Vol

314.9M

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2. CoreWeave

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NASDAQ: CRWV

CoreWeave

Today's Change

(2.40%) $2.77

Current Price

$117.98

Key Data Points

Market Cap

$64B

Day's Range

$114.13 - $119.89

52wk Range

$63.80 - $187.00

Volume

1.1M

Avg Vol

30.2M

Gross Margin

34.82%

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CoreWeave (CRWV +2.40%), a generative artificial intelligence (AI)-focused cloud infrastructure business, had a disappointing IPO, but the stock has surged since then, gaining more than 300% from its IPO price of $40 at one point, though it has since pulled back from its peak in Sept. 2025. Fund manager Michael Burry, known for "The Big Short," has said that AI stocks like CoreWeave were underestimating depreciation for graphics processing units (GPUs), showing the high risk of the company's business model.

CoreWeave's IPO came at the end of March 2025, when concerns about tariffs, weakening consumer sentiment, and a potential slowdown in AI spending weighed on the market. The IPO was undersubscribed, and the offering was priced below its target range. Nvidia (NVDA +3.08%), a major customer, bought into the offering, helping to make it happen.

As confidence in the economy returned, CoreWeave stock soared. The company is delivering skyrocketing growth with revenue up 112% in the first quarter of 2026, showing soaring demand for the AI computing power it offers. However, CoreWeave is still deeply unprofitable on a generally accepted accounting principles (GAAP) basis and has high customer concentration, making it risky. Its business model also requires heavy spending on capital expenditures, buying GPUs that it essentially rents out as computing power to customers, meaning it has considerable debt and high interest expenses.

It's a risky stock, but its growth rate shows it has huge potential. It's also a rare pure-play AI stock.

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3. Figma

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NYSE: FIG

Figma

Today's Change

(1.13%) $0.21

Current Price

$18.86

Key Data Points

Market Cap

$10.0B

Day's Range

$18.32 - $19.18

52wk Range

$16.60 - $142.92

Volume

431.2K

Avg Vol

18.7M

Gross Margin

79.78%

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Figma (FIG +1.13%) 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, its valuation, and pressure on SaaS stocks due to fears about disruption from AI. In June 2026, the stock was trading well below it $33 IPO price with a market cap of around just $10 billion.

4. Circle

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NYSE: CRCL

Circle Internet Group

Today's Change

(-0.45%) $-0.36

Current Price

$80.23

Key Data Points

Market Cap

$20B

Day's Range

$76.84 - $81.40

52wk Range

$49.90 - $298.99

Volume

14.9M

Avg Vol

15.4M

Gross Margin

4.98%

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Circle Internet Group (CRCL -0.45%) 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 +0.29%) 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 its 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.

5. Stubhub

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NYSE: STUB

StubHub

Today's Change

(2.46%) $0.28

Current Price

$11.68

Key Data Points

Market Cap

$4.4B

Day's Range

$11.24 - $11.77

52wk Range

$5.74 - $27.89

Volume

11M

Avg Vol

5.1M

Gross Margin

80.79%

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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 during 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 in 2024, Stubhub experienced a downshift in revenue growth in 2025. It finished 2025 with gross merchandise sales (GMS) growth 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 around 50% from its $23.50 IPO price as of June 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.

TMFHobo

@TMFBowman

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

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

Key Points

1. SpaceX

Key Data Points

2. CoreWeave

Key Data Points

3. Figma

Key Data Points

4. Circle

Key Data Points

5. Stubhub

Key Data Points

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Best Stocks to Buy Now: Our Buy-and-Hold Picks for June 2026

Best Entertainment Stocks for 2026 and How to Invest

Best Media Stocks for 2026 and How to Invest

How to Calculate Total Stock Returns

IPOs: FAQ

About the Author

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Key Data Points

Best Stocks to Buy Now: Our Buy-and-Hold Picks for June 2026

Best Entertainment Stocks for 2026 and How to Invest

Best Media Stocks for 2026 and How to Invest

How to Calculate Total Stock Returns

IPOs: FAQ

What is an IPO in stocks?

What's the best IPO to buy now?

Should I invest in IPO stocks?

What companies went public in 2025?

How to buy an IPO before it goes public?

Do IPO investments offer higher returns?

Top recent IPO stocks (2025-2026)

1. SpaceX

2. CoreWeave

3. Figma

How to evaluate an IPO stock

How to buy IPO stock

Pros and cons of investing in IPO stocks

Tax considerations for IPO investors

Related investing topics

FAQ

IPO stocks to watch in 2026

1. OpenAI

2. Anthropic

Key Data Points

Key Data Points

Key Data Points

Key Data Points

4. Circle

5. Stubhub