After a slow couple of years, the IPO market is picking up again, and 2025 looks like a big year for companies in AI, fintech, and cybersecurity. Investors are getting more confident this year. There is a hope that the interest rates might come down[1]. A lot of startups have been waiting for the right time to go public, and we could actually see some big names making their Unicorn debuts.

AI is everywhere right now and continues to be in the top list. Startups working on AI chips, models, and applications are prepping up for IPOs. Companies like Symphony AI [2], AI-powered software-as-a-service (SaaS) solutions across various industries, including retail, financial services, industrial, enterprise IT, media, and trading and investing. The company announced plans to go public in the second half of 2025, targeting a $500 million revenue run rate. The AI space has been pulling in billions in venture funding, and some of the companies in this space will likely go public in 2025 to scale even further.

Fintech is bouncing back after a hit in the last couple of years. Companies like Klarna[3], a big name in the buy-now-pay-later space, are preparing to go public. There’s still a lot of interest in financial technology, especially in payments and digital banking, and investors are keeping an eye on companies that can prove they’re profitable.

With more companies and governments dealing with cyber threats, the cybersecurity industry is growing fast. Some firms in this space, like SailPoint[4], which focuses on identity and access management, are planning IPOs. Cybersecurity has become a necessity, and investors are betting that demand will keep rising.

Here are the key things to watch for in the 2025 IPO market

• Market Trends: If interest rates stay stable or drop, IPOs will likely increase.
• Profitability: Investors are getting pickier. Startups need to show strong financials, not just growth.
• Tech Sector Trends: AI and cybersecurity are in trend right now and companies in these areas have a better chance of success.