Multibagger

Research · refreshed nightly · August 17, 2026

The Best New IPOs Under $5B (October 2026)

The newest public companies we rank.

New listings arrive with a prospectus, a promise, and not much else to grade. These 31 recent arrivals, the best new IPOs under $5B, get ranked by MGI anyway: BillionToOne leads at 77 with revenue compounding 70% a year, Yuanbao posts 69, and Germany's innoscripta scores 66 while growing revenue 43% a year.

A median MGI of 42, the lowest in our size-and-stage group, is the honest cost of short public track records: several dimensions simply cannot score high without history. The per-share column is already sorting the class, with Accelerant compounding at 51% a year against Omada Health at minus 31%. Click any name for the full citation-backed analysis.

37companies qualify
40median MGI
2joined this week

The ranking

Sorted by MGI
1
Yuanbao Inc.YB🇨🇳
Revenue +65%/yr · -4%/yr per share · asset light
G 69V 62O 73Cap $620.7M
2
innoscripta SE1INN.DE🇩🇪
Revenue +43%/yr · +13%/yr per share · asset light
G 66V 70O 73Cap $867.5M
3
Versamet Royalties CorporationVMET🇨🇦
Revenue +187%/yr · +105%/yr per share · asset light
G 66V 71O 72Cap $1.1B
4
Avarda Bank AB (publ)AVARDA.SE🇸🇪
Revenue +25%/yr · +25%/yr per share · asset light
G 60V 58O 62Cap $1.3B
5
SmartCraft Group ABSMCRT.SE🇸🇪
Revenue +16%/yr · +14%/yr per share · asset light
G 59V 59O 61Cap $266.9M
6
Niagen Bioscience, Inc.NAGE🇺🇸
Revenue +14%/yr · +9%/yr per share · asset light
G 58V 60O 61Cap $245.3M
7
Omada Health, Inc.OMDA🇺🇸
Revenue +36%/yr · -34%/yr per share · asset light
G 53V 56O 55Cap $1.4B
8
Framery Group PlcFRAMERY.FI🇫🇮
Revenue +14%/yr · -38%/yr per share · asset light
G 52V 62O 56Cap $677M
9
Pattern Group Inc.PTRN🇺🇸
Revenue +30%/yr · +8%/yr per share · scale economics
G 50V 60O 53Cap $4.4B
10
Appear ASAAPR.NO🇳🇴
Revenue +25%/yr · +26%/yr per share · asset light
G 50V 57O 52Cap $332.9M
11
Winvia Entertainment plcWVIA.GB🇬🇧
Revenue +39%/yr · -11%/yr per share · asset light
G 50V 64O 53Cap $343.6M
12
CCC Intelligent Solutions Holdings Inc.CCC🇺🇸
Revenue +10%/yr · +7%/yr per share · asset light
G 50V 56O 52Cap $3.6B
13
Mako Mining Corp.MAKO🇨🇦
Revenue +58%/yr · +50%/yr per share · asset light
G 50V 41O 48Cap $886.2M
14
Cityvarasto OyjCITYVA.FI🇫🇮
Revenue +17%/yr · +13%/yr per share · asset light
G 48V 58O 50Cap $162.9M
15
Once Upon a Farm, PBCOFRM🇺🇸
Revenue +45%/yr · -2%/yr per share · scale economics
G 43V 55O 44Cap $796.7M
16
Ernst Russ AGERAG.DE🇩🇪
Revenue +29%/yr · +28%/yr per share · asset light
G 41V 59O 43Cap $289.5M
17
Kingsway CorporationKWY🇺🇸
Revenue +14%/yr · +9%/yr per share · scale economics
G 41V 53O 41Cap $295.7M
18
Abacus Global Management, Inc.ABX🇺🇸
Revenue +59%/yr · +39%/yr per share · asset light
G 40V 70O 44Cap $973.2M
19
LuxExperience B.V.LUXE🇩🇪
Revenue +29%/yr · +18%/yr per share · scale economics
G 40V 63O 43Cap $1.2B
20
NG Energy International Corp.GASX.CA🇨🇦
Revenue +54%/yr · +28%/yr per share · scale economics
G 38V 61O 40Cap $274.7M
21
Cirsa Enterprises, S.A.CIRSA.ES🇪🇸
Revenue +17%/yr · +28%/yr per share · asset light
G 36V 66O 40Cap $2.6B
22
Lakefront Biotherapeutics NVLKFT🇧🇪
Revenue +30%/yr · +29%/yr per share · asset light
G 35V 48O 35Cap $1.9B
23
Cynca Nordic ABCYNCA.SE🇸🇪
Revenue +20%/yr · +5%/yr per share · asset light
G 33V 53O 33Cap $641.5M
24
Black Rock Coffee Bar, Inc.BRCB🇺🇸
Revenue +19%/yr · +19%/yr per share · scale economics
G 32V 70O 35Cap $183M
25
PPI Public Property Invest AB (publ)PUBLI.SE🇸🇪
Revenue +105%/yr · +21%/yr per share · asset light
G 32V 55O 33Cap $1.9B
26
Meds Apotek ABMEDS.SE🇸🇪
Revenue +17%/yr · +13%/yr per share · scale economics
G 31V 50O 31Cap $95.2M
27
DeFi Technologies Inc.DEFT🇨🇦
Revenue +41%/yr · +22%/yr per share · asset light
G 29V 59O 30Cap $202.1M
28
Morrow Bank ABMORROW.SE🇸🇪
Revenue +11%/yr · +20%/yr per share · asset light
G 28V 56O 29Cap $319.4M
29
Moreld ASAMORLD.NO🇳🇴
Revenue +1869%/yr · -49%/yr per share · scale economics
G 28V 84O 33Cap $334.5M
30
Jefferson Capital, Inc.JCAP🇺🇸
Revenue +27%/yr · +27%/yr per share · asset light
G 28V 60O 30Cap $1.3B
31
Volatus Aerospace Inc.FLT.CA🇨🇦
Revenue +149%/yr · +103%/yr per share · scale economics
G 26V 48O 26Cap $286.7M
32
EuroTeleSites AGETS.AT🇦🇹
Revenue +58%/yr · +58%/yr per share · asset light
G 26V 69O 28Cap $880.4M
33
Cox Group, S.A.COXG.ES🇪🇸
Revenue +161%/yr · -2%/yr per share · scale economics
G 25V 61O 26Cap $1.1B
34
SmartStop Self Storage REIT, Inc.SMA🇺🇸
Revenue +13%/yr · -7%/yr per share · asset light
G 24V 43O 23Cap $1.8B
35
Aebi Schmidt Holding AGAEBI🇨🇭
Revenue +24%/yr · +0%/yr per share · scale economics
G 20V 52O 20Cap $977.7M
36
Voltatron AGVOTR.DE🇩🇪
Revenue +49%/yr · +40%/yr per share · scale economics
G 20V 54O 20Cap $105.4M
37
Imperial Petroleum Inc.IMPP🇬🇷
Revenue +61%/yr · -39%/yr per share · scale economics
G 17V 64O 18Cap $203.8M

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Research tool, not investment advice. Rankings are generated by our models from company filings and market data, refresh nightly, and are identical for every visitor. Scores reflect our methodology and are not recommendations to act. Data as of 2026-08-17.