Multibagger

Research · refreshed nightly · July 28, 2026

The Best New IPOs Under $5B (July 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
42median MGI
10joined this week

The ranking

Sorted by MGI
1
Yuanbao Inc.YB🇨🇳
Revenue +65%/yr · -4%/yr per share · asset light
G 69V 60O 72Cap $653.4M
2
Accelerant HoldingsARX🇺🇸
Revenue +59%/yr · +51%/yr per share · asset light
G 68V 70O 75Cap $3.1B
3
innoscripta SE1INN.DE🇩🇪
Revenue +43%/yr · +13%/yr per share · asset light
G 66V 72O 74Cap $812.3M
4
Versamet Royalties CorporationVMET🇨🇦
Revenue +160%/yr · +88%/yr per share · scale economics
G 66V 69O 71Cap $1.2B
5
Hesai GroupHSAI🇨🇳
Revenue +35%/yr · +25%/yr per share · scale economics
G 60V 65O 63Cap $313.9M
6
Avarda Bank AB (publ)AVARDA.SE🇸🇪
Revenue +25%/yr · +25%/yr per share · asset light
G 60V 60O 63Cap $1.2B
7
Niagen Bioscience, Inc.NAGE🇺🇸
Revenue +14%/yr · +9%/yr per share · asset light
G 58V 55O 59Cap $303.8M
8
Omada Health, Inc.OMDA🇺🇸
Revenue +32%/yr · -31%/yr per share · asset light
G 53V 60O 56Cap $1.2B
9
Framery Group PlcFRAMERY.FI🇫🇮
Revenue +14%/yr · -38%/yr per share · asset light
G 52V 61O 56Cap $705.2M
10
Springer Nature AG & Co. KGaASPG.DE🇩🇪
Revenue +579%/yr · +572%/yr per share · asset light
G 51V 70O 57Cap $4.2B
11
Appear ASAAPR.NO🇳🇴
Revenue +28%/yr · +27%/yr per share · asset light
G 50V 60O 53Cap $296.7M
12
Pattern Group Inc.PTRN🇺🇸
Revenue +26%/yr · +1%/yr per share · scale economics
G 50V 59O 52Cap $4.6B
13
Mako Mining Corp.MAKO🇨🇦
Revenue +58%/yr · +50%/yr per share · asset light
G 50V 52O 50Cap $595.6M
14
Winvia Entertainment plcWVIA.GB🇬🇧
Revenue +39%/yr · -11%/yr per share · asset light
G 50V 64O 53Cap $351.7M
15
CCC Intelligent Solutions Holdings Inc.CCC🇺🇸
Revenue +10%/yr · +6%/yr per share · asset light
G 48V 61O 51Cap $3.5B
16
Cityvarasto OyjCITYVA.FI🇫🇮
Revenue +17%/yr · +13%/yr per share · asset light
G 48V 59O 51Cap $159.6M
17
MiniMed Group, Inc.MMED🇺🇸
Revenue +11%/yr · +11%/yr per share · asset light
G 44V 61O 47Cap $4.3B
18
Aura Minerals Inc.AUGO🇺🇸
Revenue +22%/yr · +19%/yr per share · asset light
G 42V 53O 43Cap $4.7B
19
CSW Industrials, Inc.CSW🇺🇸
Revenue +13%/yr · +12%/yr per share · scale economics
G 42V 48O 41Cap $4.5B
20
Once Upon a Farm, PBCOFRM🇺🇸
Revenue +41%/yr · +14%/yr per share · scale economics
G 42V 66O 46Cap $660.3M
21
Kingsway CorporationKWY🇺🇸
Revenue +13%/yr · +8%/yr per share · asset light
G 41V 54O 42Cap $281.7M
22
Ernst Russ AGERAG.DE🇩🇪
Revenue +29%/yr · +28%/yr per share · asset light
G 41V 60O 43Cap $282.1M
23
Morrow Bank ABMORROW.SE🇸🇪
Revenue +11%/yr · +10%/yr per share · asset light
G 41V 67O 44Cap $302.6M
24
LuxExperience B.V.LUXE🇩🇪
Revenue +29%/yr · +18%/yr per share · scale economics
G 40V 62O 42Cap $1.2B
25
Abacus Global Management, Inc.ABX🇺🇸
Revenue +56%/yr · +36%/yr per share · asset light
G 40V 72O 44Cap $879.8M
26
NG Energy International Corp.GASX.CA🇨🇦
Revenue +52%/yr · +26%/yr per share · scale economics
G 38V 62O 40Cap $263.9M
27
Lakefront Biotherapeutics NVLKFT🇧🇪
Revenue +31%/yr · +31%/yr per share · asset light
G 35V 46O 34Cap $2.0B
28
PPI Public Property Invest AB (publ)PUBLI.SE🇸🇪
Revenue +69%/yr · -1%/yr per share · asset light
G 32V 55O 33Cap $1.9B
29
Black Rock Coffee Bar, Inc.BRCB🇺🇸
Revenue +17%/yr · +17%/yr per share · scale economics
G 32V 68O 34Cap $206.2M
30
Cirsa Enterprises, S.A.CIRSA.ES🇪🇸
Revenue +16%/yr · +27%/yr per share · asset light
G 29V 68O 32Cap $2.4B
31
DeFi Technologies Inc.DEFT🇨🇦
Revenue +41%/yr · +22%/yr per share · asset light
G 29V 61O 30Cap $190.3M
32
Jefferson Capital, Inc.JCAP🇺🇸
Revenue +25%/yr · +25%/yr per share · asset light
G 28V 63O 31Cap $1.2B
33
Volatus Aerospace Inc.FLT.CA🇨🇦
Revenue +152%/yr · +108%/yr per share · scale economics
G 26V 52O 26Cap $250.7M
34
SmartStop Self Storage REIT, Inc.SMA🇺🇸
Revenue +12%/yr · -8%/yr per share · asset light
G 24V 44O 23Cap $1.8B
35
ZoomInfo Technologies Inc.GTM🇺🇸
Revenue +11%/yr · +16%/yr per share · asset light
G 20V 53O 20Cap $907.7M
36
Aebi Schmidt Holding AGAEBI🇨🇭
Revenue +19%/yr · +0%/yr per share · scale economics
G 20V 55O 20Cap $884.6M
37
Imperial Petroleum Inc.IMPP🇬🇷
Revenue +61%/yr · -39%/yr per share · scale economics
G 17V 64O 18Cap $204.3M

Changed this week

Week over week, from the nightly refresh.

Entered
Hesai Group (HSAI) · joined at #5 · Revenue +35%/yr · +25%/yr per share · scale economics
Entered
Framery Group Plc (FRAMERY.FI) · joined at #9 · Revenue +14%/yr · -38%/yr per share · asset light
Entered
Black Rock Coffee Bar, Inc. (BRCB) · joined at #29 · Revenue +17%/yr · +17%/yr per share · scale economics
Entered
Aura Minerals Inc. (AUGO) · joined at #18 · Revenue +22%/yr · +19%/yr per share · asset light
Entered
Winvia Entertainment plc (WVIA.GB) · joined at #14 · Revenue +39%/yr · -11%/yr per share · asset light
+5 more
GASX.CA, CITYVA.FI, NOBA.SE, PUBLI.SE, CIRSA.ES also joined
Left
VRV.SE, BLLN, ROKO.B.SE, NOBA.SE, LGN, AERO, LOVE.CA, MEDS.SE

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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 2026-07-28.