11 Best Performing IPOs in the Last 2 Years

4. GE Vernova Inc. (NYSE:GEV)

Date of the IPO: April 2, 2024

% growth since IPO: 359.73%

GE Vernova Inc. (NYSE:GEV) finds its way into our list of 11 best performing IPOs in the last 2 years. The consensus rating from 35 analysts remains a Buy, following positive second-quarter results and the acquisitions of Proficy by TPG.

On July 23, 2025, GE Vernova Inc. (NYSE:GEV) reported a revenue of $9.11 billion. Compared to the same quarter of 2024, the revenue has seen an increase of 11%. With the revenue projecting a positive outlook for the company, its backlog, which has increased by more than $5.2 billion sequentially, complements the stock’s attractiveness. In addition to this, the company also announced the acquisition of its Proficy manufacturing software business by TPG for $600 million, indicating access to potential capital for future operations.

With 35 analysts maintaining a consensus Buy rating on the stock, GE Vernova Inc. (NYSE:GEV) is also part of our list of 12 Jim Cramer Stock Picks this Week. The company’s growth since its IPO has reached a surprising 359.73% as of September 16, 2025.

GE Vernova Inc. (NYSE:GEV) is a spin-off of General Electric’s energy businesses. Founded in 2024, the global energy company aims to electrify and decarbonize the world by providing a wide range of power, wind, and electrification solutions. It operates from its headquarters in Massachusetts.