Startup News: Latest companies to file for IPO
A quiet stretch in tech IPOs occurred in April and early May following the U.S. enactment of tariffs and the ensuing market volatility. In the last week, public market activity has started showing signs of life again.
In a notable move, Tel-Aviv, Israel-based fintech platform eToro officially went public on May 14, 2025, at a $52.00 price per share. The company closed higher at $67.00 per share on its opening day, a bullish sign for the public market.1
Founded in 2007, eToro’s Forge Price™ was $75.00 just prior to its public debut. The company was one of those noted by Forge Global in early May as one likely to go public in the near term.
Investor attention is now turning toward a slate of U.S. startups that could be among the next to test the waters.
Hinge Health, a digital clinic
Hinge Health, a San Francisco-based company, is a digital clinic that specializes in the treatment of and therapies for muscle and joint ailments. According to its website, its team of specialists includes physical therapists, physicians, and health coaches that aim to reduce the need for surgeries.2
In March, the private company filed its initial prospectus and most recently updated the document with an expected stock price of $32 per share for its common stock. Hinge Health is aiming to raise up to $437 million in the IPO, and the deal would value the company at nearly $2.42 billion.3
Hinge Health was one of Forge Global’s companies seeking a potential public debut this year.
Founded in 2014, Hinge Health’s Forge Price™ is $31.00 as of May 15, 2025, which implies a valuation of $2.48 billion. The healthcare firm’s investors include Coatue Management, Bessemer Ventures Partners, Insight Partners, and Tiger Global Management.
Omada Health, a digital wellness company
Omada Health, founded in 2011, is a digital health company that aims to help individuals achieve their wellness objectives by fostering long-lasting lifestyle modifications. The company offers a comprehensive digital care program, which provides personalized support and guidance seeking to empower users in taking charge of their health and well-being.
The San Francisco-based healthcare startup filed for an initial public offering in early May. In the filing, the private company aims to list its common stock on the Nasdaq under the symbol “OMDA.” It was not disclosed how much the digital care company planned to raise in its public debut, nor the date of the IPO.4
Omada Health’s price-per-share is $6.00 as of its last funding round in February of 2022, placing its post-money valuation at $1.02 billion. The firm’s notable investors include Andreessen Horowitz, Fidelity, Cigna Ventures and Triplepoint Capital.
Chime, digital banking services
Chime, an online bank, filed its S-1 paperwork on Tuesday, May 13, 2025, to go public.5 Founded in 2013 and based in San Francisco, Chime offers debit cards, spending accounts, and an optional savings account, all through a mobile banking app. The company’s “pro-consumer” approach to banking includes SpotMe, a fee-free overdraft feature, and MyPay, which allows members to access up to $500 of their salary before payday, according to its website.6
The filing indicates financials that may excite investors. The company achieved $1.67 billion in revenue for 2024 compared to $1.3 billion in 2023. And revenue stands at $519 million so far for first quarter 2025.7 It was not disclosed how much Chime planned to raise in the public offering.
The startup was listed on Forge Global as a company seeking a potential IPO in 2025.
Chime’s Forge Price™ is $31.50 as of May 15, 2025, implying a valuation of $11.37 billion. The startup's notable investors include Menlo Ventures, Light Street Capital, Sequoia Capital and Softbank.
$24.93B
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