Breaking! These five technology companies are expected to go public in the U.S. this year, which is crucial for market bullish sentiment

The new year has officially arrived, and as always, this means that investors will welcome new opportunities. Looking ahead to 2025, there are five technology companies that may go public on the U.S. stock market, which are expected to drive the entire U.S. stock market to continue reaching new highs, especially for the "Big Seven Tech Giants" and the Nasdaq 100 index focused on cutting-edge technology companies, which may have very strong upward momentum.

Many investors may be pondering a question: which new companies, particularly influential technology companies, are crucial for bullish market sentiment and plan to go public in 2025?

In the past year, several well-known companies, including Reddit (RDDT.US) and Nano Nuclear Energy (NNE.US), chose to conduct initial public offerings (IPOs) on the U.S. stock market. Both companies exhibited exceptionally outstanding performance and stock price performance in their first year of listing, further heating up the overall bullish sentiment in the U.S. stock market, which in turn propelled the S&P 500 index to repeatedly reach new highs this year; for the social media and nuclear energy sectors where these two companies belong, it has brought incredibly strong upward catalysts, driving the stock prices of the leading forces in these two industries to surge.

Wall Street financial giant Goldman Sachs is bullish on the U.S. stock market benchmark—the S&P 500 index continuing to reach new highs in 2025, with a baseline scenario expected to rise to 6,500 points, and pointed out that the merger and acquisition boom driven by the Trump administration and the IPO activities of important companies in the technology sector will further support stock price increases.

This year's U.S. IPO market may be even more prosperous, especially in the technology sector. In 2024, many investors' attention is focused on the booming artificial intelligence (AI) market. Now, as the macroeconomic situation and the development of the technology sector are set to change again, some experts believe that companies in the field of quantum computing may face more development opportunities.

Overall, these two fields—AI and quantum computing, and even the cutting-edge field of "AI + quantum computing," as well as many technology development fields including AI and fintech, are expected to maintain a growth trend.

Which cutting-edge innovators in the technology sector plan to go public on the U.S. stock market in 2025? Here are potential technology company IPOs compiled by institutions that may shake the entire U.S. stock market this year, which are also the companies that investors should pay attention to as they may go public in 2025.

CoreWeave

Since the unprecedented wave of artificial intelligence investment swept the globe in 2023, investors have been searching for the next Nvidia (NVDA.US). Now, an AI startup CoreWeave, supported by AI chip giant Nvidia, is preparing to go public in the third quarter of 2025, with a valuation of $3.5 billion.

CoreWeave is a cloud service provider focused on high-performance computing (HPC) and AI workloads, headquartered in the United States. The company was initially founded by three co-founders in 2017 and initially ventured into the cryptocurrency mining field, later transforming into a cloud computing platform focused on AI GPU computing resources based on market trends and its own technological accumulation CoreWeave provides large-scale infrastructure to support data-intensive artificial intelligence workloads, focusing on delivering powerful cloud AI computing resources for AI training/inference workloads. This AI computing power leasing service provider offers a range of AI computing leasing services, including cloud-based AI computing solutions and artificial intelligence object storage, both designed to support the entire workflow of artificial intelligence and machine learning, deep learning models.

As early as August 2023, CoreWeave became the first cloud computing service company to deploy NVIDIA H200 Tensor Core GPUs, a high-performance AI GPU, enabling it to provide unparalleled computing power to its customers. Driven by the AI wave, especially in 2023, CoreWeave's prominence in the cloud AI GPU computing market rapidly increased due to substantial purchases of high-end NVIDIA AI GPUs (such as H100/H200) and comprehensive collaboration with NVIDIA in the CUDA hardware-software ecosystem.

CoreWeave is known as the "favorite child of NVIDIA," having received direct investment from NVIDIA and gaining priority access to the highly sought-after NVIDIA H100/H200 and Blackwell series A GPUs. The most notable feature of CoreWeave's AI cloud services is its focus on providing high-end AI GPU (especially NVIDIA GPU) clusters, allowing users to access high-performance AI GPU computing resources on demand in the cloud—specifically, cloud AI computing resources for machine learning, deep learning, and inference AI workloads.

CoreWeave supports large-scale elastic deployment, enabling users to quickly scale the number of AI GPUs up or down based on project needs, making it suitable for AI model training (such as large language models, computer vision systems, etc.) and large inference workloads that require real-time processing. In addition to AI, CoreWeave's NVIDIA AI GPU resources can also be used for traditional HPC scenarios (scientific computing, molecular simulation, financial risk analysis, etc.).

Klarna

If investors are looking for the next significant investment opportunity in the "buy now, pay later" technology sector, this opportunity may arise as early as the first quarter of 2025. Swedish fintech company Klarna, a digital payment processing company, announced in November 2024 that it had secretly submitted a registration statement for an initial public offering (IPO) to the U.S. Securities and Exchange Commission (SEC). Some major companies often choose to submit confidentially to protect the privacy of their financial or operational matters, especially when they possess sensitive information that could be disclosed in public documents.

Klarna offers exclusive installment payment plans, allowing it to compete with credit card issuers. Its supporters include SoftBank, the Japanese investment giant led by Masayoshi Son, and leading global venture capital firm Sequoia Capital The company completed its final round of financing in 2022, with a valuation of approximately $6.7 billion. However, it is estimated that Klarna's initial public offering (IPO) overall valuation could be between $15 billion and $20 billion. Unlike those newly established public companies, Klarna, founded in 2005, has become one of the world's leading providers of "buy now, pay later" core services. Klarna provides plugins or integration solutions for major e-commerce platforms (such as Shopify, WooCommerce, Magento, etc.), allowing merchants to easily access Klarna's payment services.

Klarna is one of Sweden's most successful fintech companies, focusing on providing "buy now, pay later" and various flexible payment solutions for online and offline shopping scenarios.

As human society enters the AI era in 2024, the digital payment application channels under the dominance of fintech are significantly expanding. Coupled with the rapid penetration of blockchain technology and the cryptocurrency investment wave ignited by Trump's election victory, fintech has once again become a key focus area for Wall Street investment institutions after many years. Especially with Trump nominating numerous politicians who support the accelerated development of cryptocurrencies into the new U.S. government cabinet, the favorable trends in cryptocurrency and blockchain policy expectations have further stimulated the global financial market's fintech investment boom.

Analysts at Wall Street giant Citigroup expect that "fintech" will enter a "vibrant new phase" in 2025, continuing the prosperous development curve following the stable improvement of industry trends in the fourth quarter of 2024. Although the industry has experienced significant fluctuations over the past five years since the outbreak of the COVID-19 pandemic, enjoying unprecedented benefits from the remote and work-from-home wave during the pandemic, it has also faced the complete decline of the investment boom brought about by the "super recovery" of the global real economy after the pandemic. However, the potential long-term growth momentum of business digitalization, modernization, and empowerment across various industries remains unchanged.

Chime

Klarna may not be the only fintech service company that will shake up U.S. stock market investors with its IPO in 2025. According to media reports, the popular digital banking application service provider Chime has also secretly submitted its listing application and submitted the required forms in December 2024.

Chime offers many heavyweight features, such as free banking services and early access to paychecks or early wage payments, making it one of the most popular digital banks in the United States. Although there is currently no valuation for Chime's initial public offering, the company's valuation reached as high as $25 billion after its last round of financing in 2021, although that was during the peak of the U.S. IPO boom in 2021.

Like Klarna, Chime is also strongly supported by SoftBank and Sequoia Capital, as well as the U.S. wealth management giant Tiger Global.

Chime is an American fintech company, founded in 2013 and headquartered in San Francisco, California. It is regarded as one of the strongest representatives of "neobanks" or "challenger banks" in the United States, primarily providing consumers with zero-fee or low-fee bank accounts and related financial services Chime, as one of the leading digital banks in the United States, has attracted a large number of young users and those dissatisfied with traditional banking fees through zero monthly fees, no overdraft fees, and a convenient mobile experience. Common overdraft fees, monthly fees, or minimum balance requirements found in traditional banks have been eliminated or greatly simplified at Chime. Klarna focuses on "buy now, pay later" (BNPL), while Chime specializes in personal digital banking and digital credit building.

Cerebras Systems

Cerebras Systems, a potential competitor to NVIDIA, the absolute leader in the AI chip field, submitted its application for a U.S. stock market listing in September 2024 but was forced to suspend it due to legal issues. However, analysts indicate that after addressing important matters related to national security reviews, the likelihood of Cerebras Systems achieving a listing in the U.S. stock market in 2025 is very high.

Cerebras Systems produces AI chips for artificial intelligence training/inference systems using its Wafer Scale Engine (WSE) technology. Unlike chip giants such as NVIDIA, Broadcom, and AMD, which focus on smaller high-performance chips and integrate them through TSMC's exclusive chiplet advanced packaging, Cerebras Systems manufactures a super-large chip that can cover an entire silicon wafer. However, this unique chip manufacturing method has led to speculation that it may one day rival the AI chip performance of companies like NVIDIA, AMD, and Intel, and lead a wave of "super-large chip" manufacturing.

With the architecture of super-large chips and high-bandwidth interconnects, Cerebras aims to challenge the high-performance AI training and inference infrastructure currently dominated by NVIDIA's AI GPUs. Chip evaluation data shows that Cerebras Systems' single super-large chip integrates massive computing resources, reduces cross-chip communication latency, and has a certain scale of potential advantages over NVIDIA in large model training, especially in scenarios involving sparse models or requiring substantial on-chip storage.

Cerebras' WSE (now updated to WSE-2/3 versions) is a chip made from a single 300mm wafer, rather than based on chiplet advanced packaging. This means that a super-large chip contains tens of thousands to hundreds of thousands of AI acceleration cores, massive on-chip storage, and interconnect networks. By bypassing the limitations of chiplet packaging and inter-chip interconnects, Cerebras can achieve extremely high bandwidth and storage on the same silicon chip, reducing communication latency, which is particularly beneficial for training and inference of large-scale AI models. However, using an entire wafer to manufacture chips requires addressing issues such as wafer defects, manufacturing yield challenges due to the large chip area, and heat dissipation, making it a relatively rare semiconductor engineering path in the market.

However, after submitting its IPO application in September, Cerebras postponed its initial public offering (IPO) due to the U.S. Committee on Foreign Investment (CFIUS) announcing a review of the minority stake in investment company G42 However, if the review officially concludes soon without discovering any illegal activities, the company will choose to go public in 2025.

Zopa

The "fintech IPO boom" that may fully emerge in 2025 is not limited to the United States. Zopa is a digital bank headquartered in the UK, offering digital savings accounts, personal loans, and credit card services. Initially, it was a P2P lending service company, which later evolved into one of Europe's leading fully digital commercial banks, covering various fields such as savings, loans, credit cards, and auto finance.

According to TechCrunch, Zopa has successfully raised nearly $8.7 billion in equity financing. The media pointed out that after this round of financing, the company's valuation even surpassed that of some small and medium-sized banks, although the specific valuation has not been disclosed.

The company's CEO, Jaidev Janardhana, recently stated that Zopa is waiting for more favorable market conditions before going public. However, if the IPOs of Klarna and Chime progress very smoothly, it may create conditions for Zopa's IPO before the end of 2025. As for whether to choose the European or American stock market, analysts generally predict that Zopa may prefer the American stock market, which is more willing to give fintech companies higher valuations.

Similar to Chime, Zopa also has the "challenger bank" gene, targeting individual users seeking more flexible and transparent financial services. Compared to many traditional banks in the UK, Zopa focuses more on streamlining processes, transparent fees, and user experience, emphasizing "digital, lightweight, and low barriers." Among them, Zopa's digital credit card features no cumbersome fees, a simple application process, and relatively flexible repayment methods to attract young consumers in the UK and customers looking to save costs