IPO lock-up expirations: January 2025
11 US IPO lock-ups ended in January 2025, including Lineage, Inc. (LINE), OneStream, Inc. (OS) and Concentra Group Holdings Parent, Inc. (CON).
| Lock-up ends | Company | Symbol | IPO date | IPO price | Raised | Market cap at IPO | Lock-up | Lead-left |
|---|---|---|---|---|---|---|---|---|
| Tue Jan 14, 2025 | Ardent Health, Inc. | ARDT | Jul 18, 2024 | $16.00 | $192M | $2.26B | 180 days | J.P. Morgan |
| Wed Jan 15, 2025 | TWFG, Inc. | TWFG | Jul 19, 2024 | $17.00 | $187M | $223.8M | 180 days | J.P. Morgan |
| Sat Jan 18, 2025 | Artiva Biotherapeutics, Inc. | ARTV | Jul 22, 2024 | $12.00 | $167M | $279.4M | 180 days | Jefferies |
| Sat Jan 18, 2025 | QMMM Holdings Ltd | — | Jul 22, 2024 | $4.00 | $8.6M | $68.6M | 180 days | WallachBeth Capital |
| Sat Jan 18, 2025 | DirectBooking Technology Co., Ltd. | PGHL | Jul 22, 2024 | $4.00 | — | $96M | 180 days | Bancroft |
| Sun Jan 19, 2025 | Harrison Global Holdings Inc. | BLMZ | Jul 23, 2024 | $4.30 | $5.4M | $53.5M | 180 days | Network 1 |
| Mon Jan 20, 2025 | OneStream, Inc. | OS | Jul 24, 2024 | $20.00 | $490M | $4.61B | 180 days | Morgan Stanley |
| Mon Jan 20, 2025 | Nova Minerals Corp | NVA | Jul 24, 2024 | $6.92 | $3.3M | $1.69B | 180 days | ThinkEquity |
| Wed Jan 22, 2025 | Lineage, Inc. | LINE | Jul 26, 2024 | $78.00 | $4.44B | $17.15B | 180 days | Morgan Stanley |
| Wed Jan 22, 2025 | Concentra Group Holdings Parent, Inc. | CON | Jul 26, 2024 | $23.50 | $528.8M | $2.97B | 180 days | J.P. Morgan |
| Wed Jan 22, 2025 | NIP Group Inc. | NIPG | Jul 26, 2024 | $9.00 | $20.2M | $504.5M | 180 days | US Tiger |
The lock-up end date is the IPO pricing date plus the lock-up period stated in the final prospectus (usually 180 days); shares can typically be sold from the next trading day. Many agreements allow earlier release, often after an earnings report or if the stock trades above a set price, and the banks can waive them. "Staged" means the prospectus also sets other release dates for some shares. The prospectus's Underwriting section has the exact terms; dates here are not investment advice.
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