The U.S. IPO market showed signs of recovery in 2024, with 210 companies successfully going public, representing a 36% increase compared to 2023. However, the overall level remains below that of 2020 (480 companies) and 2021 (1,035 companies). While the S&P 500 and Nasdaq 100 indices both reached record highs and are on track to achieve gains exceeding 25% for the second consecutive year, market sentiment remains cautious.

Approximately 40 companies withdrew their IPO applications this year, significantly higher than the 7 withdrawals recorded in 2023. Nonetheless, prominent companies like Reddit, Ibotta, and Rubrik successfully debuted on public markets, delivering impressive returns for investors. Additionally, highly anticipated companies such as Stripe, Klarna, CoreWeave, and SpaceX remain on investors' watchlists.

As of December 9, these are the top 10 best-performing U.S. IPOs of 2024:

1. Nano Nuclear Energy

Ticker Symbol: NNE

IPO Date: May 8

Return Since IPO: 525%

2. Reddit

Ticker Symbol: RDDT

IPO Date: March 21

Return Since IPO: 379%

3. Landbridge Company

Ticker Symbol: LB

IPO Date: June 28

Return Since IPO: 267%

4. Astera Labs

Ticker Symbol: ALAB

IPO Date: March 20

Return Since IPO: 239%

5. Loar Holdings

Ticker Symbol: LOAR

IPO Date: April 25

Return Since IPO: 227%

6. zSpace

Ticker Symbol: ZSPC

IPO Date: December 5

Return Since IPO: 223%

7. American Healthcare REIT

Ticker Symbol: AHR

IPO Date: February 7

Return Since IPO: 138%

8. Unusual Machines

Ticker Symbol: UMAC

IPO Date: February 14

Return Since IPO: 118%

9. Bowhead Specialty Holdings

Ticker Symbol: BOW

IPO Date: May 23

Return Since IPO: 118%

10. Rubrik

Ticker Symbol: RBRK

IPO Date: April 25

Return Since IPO: 112%

You can subscribe to the new IPO through uSMART HK.

The uSMART HK app features a dedicated IPO center, offering exclusive promotions for customers to subscribe to public offerings in real time. After logging in the uSMART HK APP, select the transaction at the bottom right, click "IPO Subscription", select the IPO you want to subscribe, click "Public Subscription", fill inthe subscription number and send the order.

（Source: uSMART HK）