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

Amid the uncertainty around tariffs earlier this year, some companies had delayed their plans to go public. But despite the typically sleepy end-of-summer season, the initial public offering (IPO) market has been heating up again as we head into the fall. Investors appear to want in after recent successful listings from companies like Figma, Bullish, Circle Internet Group, and others.

In fact, this week is expected to be one of the busiest weeks for IPOs in years, with a number of well-known companies expected to list their shares on the New York Stock Exchange or the Nasdaq Stock Market.

Here are five of the IPOs we’re watching this week. (Note that the expected dates are subject to change.)

Klarna Group (KLAR)

Founded in 2005, Klarna Group is a Swedish fintech startup known for its “buy now, pay later” services. It exploded in popularity during the early days of the pandemic when online shopping was at its peak, reportedly reaching a peak valuation of $45.6 billion in 2021. However, that figure declined after stay-at-home restrictions were lifted.

After announcing its target IPO share price last week, the company is expected to list on Wednesday, September 10, with a share price of $35 to $37.

Legence Corp. (LGN)

Legence Corp., a San Francisco-based engineering and maintenance provider backed by Blackstone, is expected to list on Friday, September 12, with a share price of $35 to $37.

Via Transportation (VIA)

Via Transportation is a tech startup working to change public transit across cities. The company filed for an IPO earlier this month and is expected to list on Friday, September 12, with a share price of $40 to $44. The offering is being led by Goldman Sachs, Morgan Stanley, Allen & Company, and Wells Fargo Securities.

Black Rock Coffee (BRCB)

After it was reported back in July that the Arizona-based coffee chain filed confidentially for an IPO, Black Rock Coffee—a fast-growing rival to chains such as Starbucks and Dutch Bros—announced its target pricing last week. It is expected to list on Friday, September 12, with a share price between $16 and $18.

Gemini Space Station (GEMI)

Gemini Space Station Inc. is a cryptocurrency exchange company founded by Cameron and Tyler Winklevoss. After recently securing $50 million from Nasdaq, it is expected to list on Friday, September 12, with a share price of between $17 and $19.