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NEW YORK, NEW YORK - JUNE 12: CEO of Chime, Chris Britt, center right, rings the opening bell during the company's initial public offering at the Nasdaq MarketSite on June 12, 2025 in New York City.

2025 US IPOs emerged out of a tumultuous April with strong price momentum going into the summer. US IPOs under $100 million in proceeds continued to perform poorly in 2025 after also struggling in ...