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AI and crypto firms lead annual IPO performance rankings
CoreWeave and Circle led 2025’s IPO winners as AI and crypto-linked firms delivered the strongest market debuts.
AI and cryptocurrency-related companies topped IPO returns in 2025, with data center operator CoreWeave and stablecoin issuer Circle emerging as key gainers. Both firms reported strong listing performance driven by rising demand in cloud processing and digital asset services. The sector’s momentum positioned technology infrastructure and blockchain-linked issuers among the strongest performers during the year.