Ticker LaunchIPO lock-up expirations: September 2025
9 US IPO lock-ups ended in September 2025, including CoreWeave, Inc. (CRWV), Kestra Medical Technologies, Ltd. (KMTS) and RedCloud Holdings plc (RCT).
| Lock-up ends | Company | Symbol | IPO date | IPO price | Raised | Market cap at IPO | Lock-up | Lead-left |
|---|---|---|---|---|---|---|---|---|
| Tue Sep 2, 2025 | Kestra Medical Technologies, Ltd. | KMTS | Mar 6, 2025 | $17.00 | $202M | $842.1M | 180 days | BofA Securities |
| Tue Sep 2, 2025 | Advanced Biomed Inc. | ADVB | Mar 6, 2025 | $4.00 | $6.6M | $86.6M | 180 days | Craft Capital |
| Wed Sep 3, 2025 | House of Doge Inc. | TBH | Mar 7, 2025 | $4.00 | $5.9M | $42M | 180 days | Kingswood |
| Sat Sep 6, 2025 | Micropolis AI Robotics | MCRP | Mar 10, 2025 | $4.00 | $15.5M | $135.5M | 180 days | Network 1 |
| Mon Sep 8, 2025 | Marwynn Holdings, Inc. | MWYN | Mar 12, 2025 | $4.00 | $8M | $60M | 180 days | — |
| Sun Sep 21, 2025 | RedCloud Holdings plc | RCT | Mar 24, 2025 | $4.50 | $20M | $199M | 181 days | Roth Capital |
| Mon Sep 22, 2025 | Epsium Enterprise Ltd | EPSM | Mar 26, 2025 | $4.00 | — | $53M | 180 days | D. Boral Capital |
| Wed Sep 24, 2025 | Intercont (Cayman) Ltd | NCT | Mar 28, 2025 | $7.00 | $10.5M | $185.5M | 180 days | Kingswood |
| Sat Sep 27, 2025 | CoreWeave, Inc. | CRWV | Mar 31, 2025 | $40.00 | $1.5B | $37.13B | 180 days | Morgan Stanley |
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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