Ticker LaunchIPO lock-up expirations: July 2025
9 US IPO lock-ups ended in July 2025, including Venture Global, Inc. (VG), Ascentage Pharma Group International (AAPG) and Metsera, Inc. (MTSR).
| Lock-up ends | Company | Symbol | IPO date | IPO price | Raised | Market cap at IPO | Lock-up | Lead-left |
|---|---|---|---|---|---|---|---|---|
| Mon Jul 14, 2025 | PicoCELA Inc. | PCLA | Jan 15, 2025 | $4.00 | $7M | $98.7M | 180 days | Benjamin |
| Tue Jul 15, 2025 | Flowco Holdings Inc. | FLOC | Jan 16, 2025 | $24.00 | $427.2M | $527.9M | 180 days | J.P. Morgan |
| Mon Jul 21, 2025 | Toppoint Holdings Inc. | TOPP | Jan 22, 2025 | $4.00 | $10M | $70M | 180 days | A.G.P. |
| Mon Jul 21, 2025 | Decent Holding Inc. | DXST | Jan 22, 2025 | $4.00 | $5M | $65M | 180 days | Craft Capital |
| Wed Jul 23, 2025 | Venture Global, Inc. | VG | Jan 24, 2025 | $25.00 | $1.75B | $60.49B | 180 days | Goldman Sachs |
| Wed Jul 23, 2025 | Ascentage Pharma Group International | AAPG | Jan 24, 2025 | $17.25 | $126.4M | $5.93B | 180 days | J.P. Morgan |
| Wed Jul 30, 2025 | Metsera, Inc. | MTSR | Jan 31, 2025 | $18.00 | $275M | $1.85B | 180 days | BofA Securities |
| Wed Jul 30, 2025 | Beta Bionics, Inc. | BBNX | Jan 31, 2025 | $17.00 | $204M | $728.6M | 180 days | BofA Securities |
| Wed Jul 30, 2025 | Maze Therapeutics, Inc. | MAZE | Jan 31, 2025 | $16.00 | $140M | $700.4M | 180 days | J.P. Morgan |
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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