Is the IPO Window FINALLY Open? | Q2 2025 #PitchBook NVCA Venture Monitor

PitchBook
231 views July 16, 2025

After years of sluggish activity, six unicorns made their debut in the public markets. But as PitchBook Senior Analyst Emily Zheng explains, this recent surge in #IPOs is more of a reset than a rebound. So why have down rounds become the new normal, and what can we expect for the remainder of 2025? In the Q2 2025 PitchBook-NVCA Venture Monitor, created in partnership with the National Venture Capital Association (NVCA) and sponsored by J.P. Morgan, Dentons, Deloitte, and NetSuite, we explore the current state of US # VC. Get key takeaways, then read the full report for more in-depth VC market insights: https://pitchb.co/yhMGLW ---------------------------- About #PitchBook PitchBook is a financial data, research, and software provider that provides transparency into the capital and credit markets to help professionals discover and execute opportunities with confidence and efficiency. PitchBook collects and analyzes detailed data on the entire private and public capital market landscape. Visit our website to learn more about the PitchBook Platform - https://www.pitchbook.com Request a free trial to explore our data, research, and insights firsthand - https://www.pitchbook.com/free-trial Sign up for our flagship newsletter, The Daily Pitch, for industry-leading coverage of the capital markets—delivered to your inbox - https://www.pitchbook.com/subscribe Visit our Research Center for the latest industry reports from PitchBook’s Institutional Research Group - https://www.pitchbook.com/news/reports We're hiring! - https://www.careers.pitchbook.com/global/en/ Follow Us on Socials LinkedIn - https://www.linkedin.com/company/pitchbook/ X - https://www.twitter.com/@PitchBook Instagram - https://www.instagram.com/pitchbookdata/ Facebook - https://www.facebook.com/PitchBookData Threads - https://www.threads.net/@pitchbookdata

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