The IPO Buzz: Moonshots in June

Now, Voyager: The IPO market’s rocket launch in June produced a couple of moonshots and a week that gave IPO players something to celebrate. The momentum – and the moment – began to take shape in May with the successful IPOs of eToro (ETOR), MNTN, Inc. (MNTN) and Hinge Health (HNGE). A moonshot occurs when a newly public company starts trading and its stock price doubles – up 100 percent – or more from its IPO price. (And if you’re an Elton John fan, you might feel the need to play “Rocket Man” in the background while reading this.) The IPO market picked up speed in the first week of June with crypto issuer Circle Internet’s (CRCL) wild ride. Circle Internet’s stock scored a moonshot on Thursday, June 5, 2025 – opening at $69.50 – more than double its $31.00 IPO price – in its debut at midday on the New York Stock Exchange. At the closing bell, Circle Internet’s stock ended at $83.23 – up $52.23 for a gain of 168.48 percent from its IPO price. On Friday the 13^th (June 13, 2025), Circle Internet’s stock closed at $133.56 – up a dazzling 330.84 percent from $31.00, where bankers priced Circle’s IPO on the evening of June 4, 2025. “This is the best sentiment in the IPO market that we’ve seen in four years,” a veteran IPO pro told IPOScoop, comparing the current mood to 2021,  when the IPO market was booming. Let’s take a look at the IPO market’s journey in June. Voyager Technologies (VOYG) opened at $69.75 – up 125 percent from its $31.00 IPO price  moonshot – in its debut on Wednesday, June 11,2025,  on the New York Stock Exchange. At the close on Friday, June 13, Voyager Technologies’ stock was at $54.37 – 75.39 percent from its IPO price. Voyager Technologies, based in Denver, is a space and defense contractor with  a NASA grant to design Starlab, the commercial space station to replace the International Space Station (ISS). Voyager is the leader and majority owner of a global joint venture to run Starlab, with Airbus and Palantir among its international equity partners, according to the prospectus. Voyager is not profitable. AIRO Group Holdings (AIRO) opened at $12.90 – up 29 percent from its $10.00 IPO price in its first trade on Friday, June 13, 2025. At the closing bell, AIRO was at $24.00 – up $14.00 for a  140 percent gain from its IPO price – in its first day of NASDAQ trading. AIRO Group, based in Albuquerque, New Mexico, said about 75 percent of its revenue in 2024 came from its drone manufacturing business, according to the prospectus. AIRO Group is not profitable. In between the moonshots last week, the successful IPOs of specialty P&C insurer Ategrity (ASIC) and mobile banking platform Chime Financial (CHYM) took off.   In the short holiday week ahead, there are only two big deals on the IPO Calendar: Caris Life Sciences (CAI Proposed), 23.53 million shares at $16.00 to $18.00 to raise $400.0 million, and Slide Insurance Holdings, Inc. (SLDE Proposed), 20 million shares at $15.00 to $17.00 to raise $320.0 million. The U.S. stock market will be closed on Thursday, June 19, 2025, for the Juneteenth holiday. Wall Street will return to work on Friday, June 20. Stay  tuned. (For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com  website.) Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message. Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the  shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.