Hedge Funds Sit Out IPO Revival Despite Billion-Dollar Quarter

Despite a surge in IPO activity, hedge funds largely sat out the action, leaving venture capital firms to dominate the quarter’s biggest deals.

Stephen Taub September 30, 2025

The IPO market is wrapping up its best quarter in four years. As of September 23, 60 initial public offerings raised a combined $14.6 billion in the third quarter, the most active period since 2021, according to Renaissance Capital.“IPOs delayed by earlier macro headwinds were

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