VCs bagged nearly $2 billion from 2025 IPO exits: Bain-IVCA report

IPO-led startup exits rose 30% to nearly $2 billion in 2025, driven by eight larger VC-backed listings. Fewer IPOs delivered higher value, with deals above $100 million dominating. IPO share of exit value increased, though total public market exits dipped amid volatility, even as overall VC-backed exits reached about $7 billion.