On September 11, Brianne Lynch, EquityZen Head of Market Insight, joined ‘Closing Bell Overtime’ on CNBC to talk about the IPO market heating back up. EquityZen is an online platform for investing in pre-IPO companies. Despite the market being at record levels, software companies had been hesitant to go public, as it didn’t seem worthwhile to them. Lynch explained that a change in sentiment occurred when successful IPOs earlier in the year demonstrated investor interest in fast-growing, innovative tech companies. Many of these companies had been private for 10 to 20 years, and the average investor hadn’t had access to them. The pent-up demand has been a key factor in fueling successful IPOs.
Lynch also stated that retail investors, who have been buying the dips, have shown strong belief in the market despite various scares throughout the year. This was evident in some recent IPOs, where the roadshows failed to fully capture the extent of retail demand for the stocks, leading to them trading up by 100% or even 200%. She confirmed that retail investors are more interested than ever in investing in innovative tech companies, and this is changing the market. The discussion moved to the performance of these stocks after their initial “pop-up.” Lynch said that stocks with massive initial pops will naturally normalize and come back down. She emphasized that the IPO is just day one, and advised that performance or future potential should not be judged based on the first day alone, as there are many milestones ahead for these companies. She concluded that investors should look at the long term and invest based on a company’s long-term growth potential.
That being said, we’re here with a list of the 10 best IPO tech stocks to buy now.
Methodology
We sifted through the Finviz stock screener to compile a list of the top tech companies that have gone public in the last 2 years. We then selected the 10 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q2 2025.
Note: All Data was Sourced on September 12.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Best IPO Tech Stocks to Buy Now
10. Silvaco Group Inc. (NASDAQ:SVCO)
Number of Hedge Fund Holders: 9
Silvaco Group Inc. (NASDAQ:SVCO) is one of the best IPO tech stocks to buy now. On September 4, Silvaco Group announced the appointment of Chris Zegarelli as its new Chief Financial Officer, following a comprehensive search. His appointment is effective as of September 15. Zegarelli will serve as a senior member of the executive team and will report directly to CEO Dr. Walden Rhines.
Zegarelli brings more than 20 years of leadership experience in the semiconductor industry. Most recently, he served as Senior Vice President of Finance at Infineon Technologies, where he led the integration and strategic planning for the company’s $830 million acquisition of GaN Systems.
Prior to that, he held the CFO role at GaN Systems and also served as CFO for Thermal Engineering International and Indie Semiconductor. His earlier career includes senior finance positions at Broadcom Ltd. (NASDAQ:AVGO) and Qualcomm Inc. (NASDAQ:QCOM).
Silvaco Group Inc. (NASDAQ:SVCO) provides technology computer-aided design/TCAD software, electronic design automation/EDA software, and semiconductor intellectual property/SIP solutions in the US and internationally.
9. Global Mofy AI Limited (NASDAQ:GMM)
Number of Hedge Fund Holders: 10
Global Mofy AI Limited (NASDAQ:GMM) is one of the best IPO tech stocks to buy now. On September 11, Global Mofy AI Limited announced the launch of its new corporate website, www.globalmofy.ai. This transition is part of the company’s global expansion strategy and its broader initiative to integrate AI into all aspects of its business. The previous website, www.globalmofy.cn, has been permanently retired.
The new domain reinforces the company’s technology-first brand identity and its position as an international provider of AI-powered virtual content solutions. The new website offers improved navigation and deeper insights into the company’s proprietary “Mofy Lab” technology platform.
While the corporate website has changed, the dedicated investor relations website remains the same, accessible at ir.globalmofy.cn. Global Mofy is a GenAI-driven technology solutions provider that specializes in virtual content and the development of 3D digital assets for different applications. The company operates one of the leading digital asset banks in China with 100,000+ high-precision 3D digital assets, and encourages all stakeholders to update their records and use the new domain for future updates.
Global Mofy AI Limited (NASDAQ:GMM) provides virtual content production and digital assets development services for the digital content industry in the People’s Republic of China.
8. Ingram Micro Holding Corporation (NYSE:INGM)
Number of Hedge Fund Holders: 16
Ingram Micro Holding Corporation (NYSE:INGM) is one of the best IPO tech stocks to buy now. On September 10, Keepit, which is a cloud-native data protection and backup provider based in Copenhagen, Denmark, announced a new strategic go-to-market agreement with Ingram Micro, which is a leading B2B platform company for the technology ecosystem.
The partnership aims to expand Keepit’s market presence in Germany and Switzerland by providing value-added resellers/VARs, managed service providers/MSPs, and managed security service providers/MSSPs access to Keepit’s SaaS data protection solutions.
Ingram Micro will support Keepit’s marketing, sales, and support efforts in these regions, while also offering flexibility in purchasing and financing solutions that include Keepit’s services. The collaboration is part of Keepit’s “Partner Only” strategy, which it launched in January 2024 as part of the Keepit Partner Network, which is active in North America, EMEA, and ANZ.
Ingram Micro Holding Corporation (NYSE:INGM) distributes IT products, cloud, and other services in North America, Europe, the Middle East, Africa, the Asia-Pacific, Latin America, and internationally.
7. Life360 Inc. (NASDAQ:LIF)
Number of Hedge Fund Holders: 16
Life360 Inc. (NASDAQ:LIF) is one of the best IPO tech stocks to buy now. On September 10, Life360 announced a new partnership with AccuWeather to provide real-time severe weather alerts to its members. The new feature is now live and will send notifications to an entire Life360 Circle, which is a private group of family and close connections, when any member is in an area affected by severe weather.
The integration is designed to help families stay informed and connected during events such as floods, tornadoes, and hurricanes. According to Life360 CEO Lauren Antonoff, the partnership brings the company “full circle,” as its founding was inspired by the challenges families faced in the aftermath of Hurricane Katrina 20 years prior.
The partnership is the latest integration for Life360’s advertising platform, which was launched in September 2024. The platform connects its highly engaged audience of over 88 million monthly active global users with relevant brands and services. By using AccuWeather’s data, Life360 can more target advertisements during weather events and provide timely offers from brands that sell emergency supplies or repair services.
Life360 Inc. (NASDAQ:LIF) is a technology platform to locate people, pets, and things in North America, Europe, the Middle East, Africa, and internationally.
6. Pony AI Inc. (NASDAQ:PONY)
Number of Hedge Fund Holders: 19
Pony AI Inc. (NASDAQ:PONY) is one of the best IPO tech stocks to buy now. On September 5, Pony AI Inc. announced a partnership with Mowasalat (“Karwa”), which is Qatar’s largest transportation service provider, to deploy robotaxis on public roads in Doha, the capital of Qatar.
Pony.ai has also been expanding its presence across China, Europe, East Asia, and the Middle East. In the initial phase of the said partnership, Pony.ai’s robotaxis have begun testing on public roads in Doha with safety operators onboard.
The trials are focused on adapting the company’s autonomous driving technology to Qatar’s specific weather, road infrastructure, and traffic conditions. This aligns with Qatar’s National Vision 2030 to enhance the efficiency and safety of the country’s transportation framework.
Pony AI Inc. (NASDAQ:PONY) engages in the autonomous mobility business in the People’s Republic of China, the United States, and internationally.
5. SailPoint Inc. (NASDAQ:SAIL)
Number of Hedge Fund Holders: 27
SailPoint Inc. (NASDAQ:SAIL) is one of the best IPO tech stocks to buy now. On September 4, SailPoint and HCLTech announced a partnership to provide advanced identity security solutions for large-scale, AI-enabled enterprise environments. The collaboration combines SailPoint Identity Security Cloud, delivered through its AI-driven platform SailPoint Atlas, with HCLTech’s expertise in managing identity at scale.
The alliance accelerates identity transformation for companies, provides continuous risk-aware governance, and enhances resilience in the age of AI. The partnership uses HCLTech’s global cybersecurity practice and its MiDaaS framework to help organizations automate lifecycle access controls, continuously monitor access risk, and enforce policies across hybrid, multi-cloud, and AI ecosystems.
HCLTech has also been certified as a SailPoint Global Delivery Admiral, the highest delivery status for a partner, which recognizes its commitment to customer satisfaction, deployment scale, and certified expertise. HCLTech is a global technology company with more than 223,000 employees across 60 countries.
SailPoint Inc. (NASDAQ:SAIL) delivers solutions to enable identity security for the enterprise in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.
4. Ralliant Corporation (NYSE:RAL)
Number of Hedge Fund Holders: 40
Ralliant Corporation (NYSE:RAL) is one of the best IPO tech stocks to buy now. On September 10, Oppenheimer initiated coverage of Ralliant with an Outperform rating and $55 price target. The firm believes that the company’s Sensors and Safety Systems business offers an attractive play on grid hardening, higher power needs, and larger aerospace and defense budgets.
In Q2 2025, Ralliant reported revenue of $503 million, which was a 6% decrease year-over-year, but a 4% increase sequentially. The company’s adjusted EBITDA margin was 19.8%, a decline of 5.3% year-over-year, primarily due to lower volumes in the Test & Measurement segment, tariffs, and increased public company costs.
The company’s performance was mixed across its 2 segments. The Sensors & Safety Systems segment showed strength, with revenue of $311 million (over 60% of total revenue), which was an increase of 1% year-over-year and 6% sequentially. This was driven by continued secular demand in the utilities, and defense & space markets. The Test & Measurement segment saw a 15% decline in revenue year-over-year, largely due to weakness in the EV and battery markets, especially in Western Europe.
Ralliant Corporation (NYSE:RAL) designs, develops, manufactures, sells, and services precision instruments and engineered products internationally. It has 2 segments: Test & Measurement, and Sensors & Safety Systems.
3. Klaviyo Inc. (NYSE:KVYO)
Number of Hedge Fund Holders: 41
Klaviyo Inc. (NYSE:KVYO) is one of the best IPO tech stocks to buy now. On August 29, Klaviyo announced the appointment of Chano Fernández as its Interim Executive Officer, effective September 1. Fernández is a current board member and has a background in scaling enterprise software organizations, with previous executive roles at Eightfold.ai and Workday.
The appointment is expected to provide new executive expertise that could influence Klaviyo’s operational approach and help address risks related to execution and retention in a competitive market. As part of this leadership change, Tony Weisman is transitioning to Chairperson of the Compensation Committee.
Klaviyo’s investment strategy is focused on international expansion, new AI-powered products, and growing its customer base. The company recently launched its AI-powered Service suite, which is a key part of its product expansion efforts. According to the company’s narrative, it projects $1.9 billion in revenue and $88.3 million in earnings by 2028. This would require a 21.4% yearly revenue growth and a $155 million increase in earnings from the current net loss of $66.7 million.
Klaviyo Inc. (NYSE:KVYO) is a technology company that provides a SaaS platform in the US, the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.
2. Sandisk Corporation (NASDAQ:SNDK)
Number of Hedge Fund Holders: 49
Sandisk Corporation (NASDAQ:SNDK) is one of the best IPO tech stocks to buy now. On September 8, Benchmark raised the firm’s price target on SanDisk to $85 from $70, while keeping a Buy rating on the shares after the company indicated its prices would increase more than 10% on all products for channel and consumer customers for new quotes and orders.
SanDisk Corporation’s revenue in FQ4 2025 was $1.901 billion, which was a 12% increase quarter-over-quarter and an 8% increase year-over-year. For FY2025, the total revenue reached $7.355 billion, which was up 10% from FY2024.
SanDisk’s revenue was driven by a mid-single-digit increase in both bit shipments and average selling prices/ASPs. The company’s data center business represented over 12% of total bits shipped, with cloud revenue at $213 million, which was up 25% year-over-year. Client revenue was $1.103 billion, while consumer revenue was $585 million.
Sandisk Corporation (NASDAQ:SNDK) develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the US, Europe, the Middle East, Africa, Asia, and internationally.
1. ServiceTitan Inc. (NASDAQ:TTAN)
Number of Hedge Fund Holders: 51
ServiceTitan Inc. (NASDAQ:TTAN) is one of the best IPO tech stocks to buy now. On September 8, Ford Pro, the commercial division of Ford Motor Company (NYSE:F), announced a multi-year partnership with ServiceTitan. The collaboration will result in an integrated software solution that uses embedded modems in model year 2020 and newer Ford commercial vehicles.
This will allow data from Ford Pro’s Data Services to flow directly into ServiceTitan’s Fleet Pro Software, providing a seamless, real-time view of fleet operations for customers in the US and Canada. The partnership is designed to simplify work for tradespeople and lower the total cost of fleet ownership by improving vehicle uptime and productivity.
The integrated solution eliminates the need for additional hardware, reducing installation time from weeks to hours and ensuring vehicles stay on the job. It provides deep insights from the over 1 billion data points Ford Pro captures daily from its commercial vehicles, enabling features like remote locking and unlocking and proactive maintenance alerts based on real-time diagnostic codes.
ServiceTitan Inc. (NASDAQ:TTAN) is a technology company that provides an end-to-end cloud-based software platform in the US and Canada.
While we acknowledge the potential of TTAN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TTAN and that has 100x upside potential, check out our report about the cheapest AI stock.
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Disclosure: None.
