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While the number and performance of IPOs has dwindled since their hey day in the 1990s, dozens of companies have posted triple-digit returns since going public in the last five years.
More than 40 companies have more than doubled in price since their first day of trading. The list of companies spans a wide range of industries. Of the 40 companies with the biggest lifetime gains since IPO, eight are in the industrials sector, six are in technology, six are in financial services, and four are in oil and gas. One buy now, pay later company leads the pack of recent IPOs with a staggering +939.8% return since going public in September 2023. A closer look at the data reveals the companies with the biggest gains since going public in the last five years.
To determine the biggest IPO stars of the last five years, My Investing News reviewed data on historical stock prices from Yahoo Finance. Companies were ranked based on percentage return on stock price from the first day of trading to July 17, 2025. Only companies whose first day of trading was in 2021 or later and have at least 100 employees were included.
40. Bowman Consulting Group Ltd. (BWMN)
- Return since IPO: +132.1%
- IPO closing price: $14.00 (May 7, 2021)
- Closing price, July 17, 2025: $32.49
- Average daily trade volume: 84,900
- Industry: Engineering & Construction
39. Rubrik, Inc. (RBRK)
- Return since IPO: +134.9%
- IPO closing price: $37.00 (April 25, 2024)
- Closing price, July 17, 2025: $86.93
- Average daily trade volume: 3,721,603
- Industry: Software - Infrastructure
38. FTAI Infrastructure Inc. (FIP)
- Return since IPO: +141.4%
- IPO closing price: $2.78 (July 20, 2022)
- Closing price, July 17, 2025: $6.71
- Average daily trade volume: 1,302,423
- Industry: Conglomerates
37. Ryan Specialty Holdings, Inc. (RYAN)
- Return since IPO: +147.9%
- IPO closing price: $27.09 (July 22, 2021)
- Closing price, July 17, 2025: $67.16
- Average daily trade volume: 999,330
- Industry: Insurance - Specialty
36. Huntington Bancshares Incorporated (HBANM)
- Return since IPO: +152.3%
- IPO closing price: $8.80 (June 10, 2021)
- Closing price, July 17, 2025: $22.20
- Average daily trade volume: 7,878
- Industry: Banks - Regional
35. Gulfport Energy Corporation (GPOR)
- Return since IPO: +157.8%
- IPO closing price: $72.95 (May 18, 2021)
- Closing price, July 17, 2025: $188.06
- Average daily trade volume: 235,553
- Industry: Oil & Gas E&P
34. ESAB Corporation (ESAB)
- Return since IPO: +162.2%
- IPO closing price: $49.44 (March 29, 2022)
- Closing price, July 17, 2025: $129.63
- Average daily trade volume: 273,495
- Industry: Metal Fabrication
33. Crane Company (CR)
- Return since IPO: +166.8%
- IPO closing price: $170.97 (March 29, 2023)
- Closing price, July 17, 2025: $189.32
- Average daily trade volume: 334,725
- Industry: Specialty Industrial Machinery
32. Duolingo, Inc. (DUOL)
- Return since IPO: +169.6%
- IPO closing price: $134.26 (July 28, 2021)
- Closing price, July 17, 2025: $361.95
- Average daily trade volume: 921,553
- Industry: Software - Application
31. SharkNinja, Inc. (SN)
- Return since IPO: +178.2%
- IPO closing price: $41.33 (July 31, 2023)
- Closing price, July 17, 2025: $114.96
- Average daily trade volume: 1,718,526
- Industry: Furnishings, Fixtures & Appliances
30. Reddit, Inc. (RDDT)
- Return since IPO: +182.6%
- IPO closing price: $50.44 (March 21, 2024)
- Closing price, July 17, 2025: $142.52
- Average daily trade volume: 8,332,553
- Industry: Internet Content & Information
29. Skyward Specialty Insurance Group, Inc. (SKWD)
- Return since IPO: +183.3%
- IPO closing price: $19.10 (January 13, 2023)
- Closing price, July 17, 2025: $54.11
- Average daily trade volume: 388,140
- Industry: Insurance - Property & Casualty
28. Diebold Nixdorf, Incorporated (DBD)
- Return since IPO: +185.0%
- IPO closing price: $20.57 (August 14, 2023)
- Closing price, July 17, 2025: $58.62
- Average daily trade volume: 209,775
- Industry: Software - Application
27. The Vita Coco Company, Inc. (COCO)
- Return since IPO: +190.5%
- IPO closing price: $13.52 (October 21, 2021)
- Closing price, July 17, 2025: $39.28
- Average daily trade volume: 706,791
- Industry: Beverages - Non-Alcoholic
26. Sable Offshore Corp. (SOC)
- Return since IPO: +192.2%
- IPO closing price: $9.70 (April 19, 2021)
- Closing price, July 17, 2025: $28.34
- Average daily trade volume: 2,577,110
- Industry: Oil & Gas Drilling
25. DT Midstream, Inc. (DTM)
- Return since IPO: +193.0%
- IPO closing price: $34.95 (July 1, 2021)
- Closing price, July 17, 2025: $102.41
- Average daily trade volume: 891,191
- Industry: Oil & Gas Midstream
24. American Healthcare REIT, Inc. (AHR)
- Return since IPO: +201.7%
- IPO closing price: $12.35 (February 7, 2024)
- Closing price, July 17, 2025: $37.26
- Average daily trade volume: 1,654,133
- Industry: REIT - Healthcare Facilities
23. Robinhood Markets, Inc. (HOOD)
- Return since IPO: +202.8%
- IPO closing price: $34.82 (July 29, 2021)
- Closing price, July 17, 2025: $105.45
- Average daily trade volume: 43,791,298
- Industry: Capital Markets
22. Core & Main, Inc. (CNM)
- Return since IPO: +209.3%
- IPO closing price: $20.00 (July 22, 2021)
- Closing price, July 17, 2025: $61.85
- Average daily trade volume: 2,028,313
- Industry: Industrial Distribution
21. M-tron Industries, Inc. (MPTI)
- Return since IPO: +214.0%
- IPO closing price: $13.10 (October 3, 2022)
- Closing price, July 17, 2025: $41.13
- Average daily trade volume: 56,945
- Industry: Electronic Components
20. DallasNews Corporation (DALN)
- Return since IPO: +229.4%
- IPO closing price: $4.19 (June 8, 2021)
- Closing price, July 17, 2025: $13.80
- Average daily trade volume: 111,441
- Industry: Publishing
19. Jackson Financial Inc. (JXN)
- Return since IPO: +243.1%
- IPO closing price: $25.80 (September 1, 2021)
- Closing price, July 17, 2025: $88.53
- Average daily trade volume: 650,835
- Industry: Insurance - Life
18. ASP Isotopes Inc. (ASPI)
- Return since IPO: +261.4%
- IPO closing price: $2.67 (November 10, 2022)
- Closing price, July 17, 2025: $9.65
- Average daily trade volume: 3,434,601
- Industry: Chemicals
17. Mama's Creations, Inc. (MAMA)
- Return since IPO: +289.6%
- IPO closing price: $2.41 (July 19, 2021)
- Closing price, July 17, 2025: $9.39
- Average daily trade volume: 273,706
- Industry: Packaged Foods
16. Core Scientific, Inc. (CORZ)
- Return since IPO: +291.6%
- IPO closing price: $3.44 (January 24, 2024)
- Closing price, July 17, 2025: $13.47
- Average daily trade volume: 17,197,755
- Industry: Software - Infrastructure
15. IonQ, Inc. (IONQ)
- Return since IPO: +315.2%
- IPO closing price: $10.80 (January 4, 2021)
- Closing price, July 17, 2025: $44.84
- Average daily trade volume: 22,154,986
- Industry: Computer Hardware
14. Arcellx, Inc. (ACLX)
- Return since IPO: +322.3%
- IPO closing price: $16.80 (February 4, 2022)
- Closing price, July 17, 2025: $70.95
- Average daily trade volume: 692,946
- Industry: Biotechnology
13. GE Vernova Inc. (GEV)
- Return since IPO: +335.1%
- IPO closing price: $135.05 (March 27, 2024)
- Closing price, July 17, 2025: $570.17
- Average daily trade volume: 3,142,773
- Industry: Specialty Industrial Machinery
12. Nuvalent, Inc. (NUVL)
- Return since IPO: +357.0%
- IPO closing price: $18.75 (July 29, 2021)
- Closing price, July 17, 2025: $85.69
- Average daily trade volume: 547,758
- Industry: Biotechnology
11. NuScale Power Corporation (SMR)
- Return since IPO: +365.5%
- IPO closing price: $10.06 (March 1, 2022)
- Closing price, July 17, 2025: $46.83
- Average daily trade volume: 12,544,336
- Industry: Specialty Industrial Machinery
10. The Real Brokerage Inc. (REAX)
- Return since IPO: +387.7%
- IPO closing price: $0.81 (January 8, 2021)
- Closing price, July 17, 2025: $3.95
- Average daily trade volume: 995,806
- Industry: Real Estate Services
9. Symbotic Inc. (SYM)
- Return since IPO: +428.6%
- IPO closing price: $10.25 (March 9, 2021)
- Closing price, July 17, 2025: $54.18
- Average daily trade volume: 1,761,620
- Industry: Specialty Industrial Machinery
8. AppLovin Corporation (APP)
- Return since IPO: +457.9%
- IPO closing price: $65.20 (April 15, 2021)
- Closing price, July 17, 2025: $363.78
- Average daily trade volume: 6,237,803
- Industry: Advertising Agencies
7. Oklo Inc. (OKLO)
- Return since IPO: +573.0%
- IPO closing price: $9.98 (July 8, 2021)
- Closing price, July 17, 2025: $67.17
- Average daily trade volume: 19,191,681
- Industry: Utilities - Regulated Electric
6. Phillips Edison & Company, Inc. (PECO)
- Return since IPO: +597.4%
- IPO closing price: $5.02 (February 25, 2021)
- Closing price, July 17, 2025: $35.01
- Average daily trade volume: 817,693
- Industry: REIT - Retail
5. Constellation Energy Corporation (CEG)
- Return since IPO: +656.8%
- IPO closing price: $40.71 (January 19, 2022)
- Closing price, July 17, 2025: $308.08
- Average daily trade volume: 2,971,581
- Industry: Utilities - Renewable
4. American Oncology Network, Inc. (AONC)
- Return since IPO: +687.4%
- IPO closing price: $1.27 (July 9, 2024)
- Closing price, July 17, 2025: $10.00
- Average daily trade volume: 4,103
- Industry: Medical Care Facilities
3. Weatherford International plc (WFRD)
- Return since IPO: +848.9%
- IPO closing price: $5.66 (January 4, 2021)
- Closing price, July 17, 2025: $53.71
- Average daily trade volume: 1,329,301
- Industry: Oil & Gas Equipment & Services
2. Alpha Metallurgical Resources, Inc. (AMR)
- Return since IPO: +861.2%
- IPO closing price: $12.77 (February 8, 2021)
- Closing price, July 17, 2025: $122.75
- Average daily trade volume: 332,231
- Industry: Coking Coal
1. Sezzle Inc. (SEZL)
- Return since IPO: +939.8%
- IPO closing price: $13.51 (September 13, 2023)
- Closing price, July 17, 2025: $140.48
- Average daily trade volume: 1,131,985
- Industry: Credit Services