IPOs this week: Klarna, Legence, Gemini, and more join the growing list of stock listings to watch in 2025

Key Takeaways:

• Several major companies plan to go public this week, including Klarna and Gemini
• Past market hesitancy appears to be shifting toward renewed optimism
• Fintech, engineering, transport, coffee, and crypto companies are represented
• Each IPO has a projected share price range
• Investors are watching closely after recent successful market debuts

A Busy Week for IPOs

As summer winds down, the IPO market is showing signs of revival. Companies that had postponed their public listings due to earlier economic uncertainty are now forging ahead with their plans. After a string of recent wins for newly public firms—such as Figma and Bullish—investors appear eager to see what these next big offerings might bring.

Sweden’s Fintech Giant: Klarna Group

Founded in 2005, Klarna Group made its name during the pandemic by offering buy-now-pay-later services to a growing base of online shoppers. The company famously reached a peak valuation of $45.6 billion in 2021 but subsequently saw that figure diminish as global conditions shifted. Now, Klarna is expected to list on Wednesday, September 10, at a share price of $35 to $37, potentially breathing new life into the fintech space.

Engineering Meets the Exchange: Legence

San Francisco-based Legence Corp, backed by the private equity firm Blackstone, provides engineering and maintenance services. With a planned listing date of Friday, September 12, Legence aims to offer shares at $35 to $37. Observers see this move as a notable push into public markets by an industrial services company, especially in a climate increasingly focused on energy efficiency and modern infrastructure.

Reviving Public Transit: Via Transportation

Via Transportation hopes to transform cities’ public transit networks with advanced ride-sharing and routing technologies. Having filed for an IPO earlier this month, the company is slated for a Friday, September 12, listing, with a share price between $40 and $44. Goldman Sachs, Morgan Stanley, Allen & Company, and Wells Fargo Security are leading the underwriting, marking a significant vote of confidence for an emerging tech-driven transit solution.

Brewing a New Rival: Black Rock Coffee

After filing confidentially in July, Black Rock Coffee recently announced a target range of $16 to $18 for its IPO. The chain has expanded quickly, rivaling established players in the coffee space. It, too, plans to go public on Friday, September 12. Industry watchers see its move as a test of consumer-facing brands in the post-pandemic landscape, particularly in a sector where trends shift rapidly.

Crypto’s Next Step: Gemini Space Station

Founded by Cameron and Tyler Winklevoss, Gemini Space Station has made strides in the cryptocurrency exchange business. With a $50 million investment secured from Nasdaq, Gemini is another high-profile offering on the horizon. It expects to list on Friday, September 12, at a share price ranging from $17 to $19, further reinforcing crypto’s steady emergence in mainstream finance.

Investor Takeaway

Though public listings slowed earlier in the year due to market uncertainty, this cluster of diverse, high-profile IPOs could signal renewed confidence. From finance to infrastructure, and coffee to cryptocurrency, the breadth of these offerings speaks to a wider resurgence in the IPO market—one that many analysts hope will carry momentum into the remainder of 2025 and beyond.