October 2, 2025
Foley Ignite
State of Capital Markets for Public Companies: A Comprehensive Look at the Technology, Clean Energy, and Life Sciences Sectors in 2025
The U.S. capital markets have undergone a significant transformation from 2019 to 2025, experiencing extreme volatility, regulatory uncertainty, and the emergence of innovative financing structures. Following the unprecedented boom of 2021, when IPO proceeds reached $155.8 billion, and the subsequent contraction in 2022-2023, the market has been in a period of selective recovery and structural adaptation.
