Sector desk · Stock

Private money meets public markets.

VC firms fund private companies, not listed stocks. This desk tracks the handoff: IPOs and acquisitions that convert private venture positions into exits.

Open NVCA Yearbook

2025 total exits$217.1B1,463 exits

IPO exit value$105.2B49 IPOs

Disclosed M&A$109Breported exit value

IPO handoff

Six listings carried the signal.

These are 2025 VC-backed IPO exit values from the NVCA Yearbook. They show liquidity events, not how much new VC money entered the stock market.

CompanySectorIPO exit value

CoreWeaveAI / cloud$17.1B

FigmaDesign software$15.7B

ChimeFintech$9.1B

BETA TechnologiesElectric aviation$6.6B

CircleCrypto$6.4B

NetskopeCybersecurity$6.4B