Forge insights

Over the past few weeks, the private market has experienced a resurgence fueled by stronger investor confidence and rising exit activity. Indeed, the IPO landscape is buzzing once again: more than 174 companies have crossed the public finish line in the first half of 2025, raising over $31 billion — marking the strongest showing since the 2021 bull run — while high-profile tech companies such as CoreWeave, Circle, Chime, Figma and Gemini have either gone public or filed for listing. Behind the scenes, a pit lane full of potential IPO contenders are revving their engines, eager to tap public liquidity. Together, these developments suggest a private market that's not just back on track — but racing ahead with momentum.