Ticker LaunchIPO lock-up expirations: April 2025
16 US IPO lock-ups ended in April 2025, including Ingram Micro Holding Corp (INGM), BingEx Ltd (FLX) and KinderCare Learning Companies, Inc. (KLC).
| Lock-up ends | Company | Symbol | IPO date | IPO price | Raised | Market cap at IPO | Lock-up | Lead-left |
|---|---|---|---|---|---|---|---|---|
| Wed Apr 2, 2025 | BingEx Ltd | FLX | Oct 4, 2024 | $16.50 | $66M | $2.76B | 180 days | Deutsche Bank |
| Sat Apr 5, 2025 | Chain Bridge Bancorp Inc | CBNA | Oct 7, 2024 | $22.00 | $40.7M | $141.2M | 180 days | Piper Sandler |
| Mon Apr 7, 2025 | KinderCare Learning Companies, Inc. | KLC | Oct 9, 2024 | $24.00 | $576M | $2.74B | 180 days | Goldman Sachs |
| Wed Apr 9, 2025 | Upstream Bio, Inc. | UPB | Oct 11, 2024 | $17.00 | $255M | $872.8M | 180 days | J.P. Morgan |
| Wed Apr 9, 2025 | Camp4 Therapeutics Corp | CAMP | Oct 11, 2024 | $11.00 | $75M | $214.6M | 180 days | J.P. Morgan |
| Thu Apr 10, 2025 | Ceribell, Inc. | CBLL | Oct 11, 2024 | $17.00 | $180.3M | $578.3M | 181 days | J.P. Morgan |
| Sun Apr 13, 2025 | Star Fashion Culture Holdings Ltd | STFS | Oct 15, 2024 | $4.00 | $8.6M | $43.4M | 180 days | Cathay Securities |
| Mon Apr 14, 2025 | PTL Ltd | PTLE | Oct 16, 2024 | $4.00 | — | $50M | 180 days | Dominari |
| Tue Apr 15, 2025 | Springview Holdings Ltd | SPHL | Oct 17, 2024 | $4.00 | $6M | $46M | 180 days | AC Sunshine |
| Sun Apr 20, 2025 | INNEOVA Holdings Ltd | SAG | Oct 22, 2024 | $8.00 | $7M | $79M | 180 days | Wilson-Davis |
| Sun Apr 20, 2025 | Li Bang International Corp Inc. | LBGJ | Oct 22, 2024 | $4.00 | $6.1M | $74.1M | 180 days | Craft Capital |
| Sun Apr 20, 2025 | Founder Group Ltd | FGL | Oct 22, 2024 | $4.00 | $4.9M | $67.7M | 180 days | US Tiger |
| Sun Apr 20, 2025 | HUHUTECH International Group Inc. | HUHU | Oct 22, 2024 | $4.00 | — | $84.2M | 180 days | Craft Capital |
| Tue Apr 22, 2025 | Ingram Micro Holding Corp | INGM | Oct 24, 2024 | $22.00 | $409.2M | $5.18B | 180 days | Morgan Stanley |
| Wed Apr 23, 2025 | Septerna, Inc. | SEPN | Oct 25, 2024 | $18.00 | $288M | $756.1M | 180 days | J.P. Morgan |
| Mon Apr 28, 2025 | Polyrizon Ltd. | PLRZ | Oct 30, 2024 | $4.38 | $4.2M | $18.4M | 180 days | Aegis Capital |
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.
Other months
January 2025 February 2025 March 2025 April 2025 May 2025 June 2025 July 2025 August 2025 September 2025 October 2025 November 2025 December 2025 January 2026 February 2026 March 2026 April 2026 May 2026 June 2026 July 2026 August 2026 September 2026 October 2026 November 2026 December 2026 January 2027 February 2027 March 2027 April 2027
The free weekly recap
Every Monday: the IPOs that priced and filed, SPAC deals and closings, and what is expected to price this week, from the filings.