The year 2025 has recorded 282 initial public offerings (IPOs), marking the highest activity since 2021, which saw 1,035 IPOs. This surge comes despite market uncertainties fueled by Trump's tariff policies, with projections indicating $323 billion in tariff revenue for 2026. Among the notable IPOs are HW Electro, a Japanese electric vehicle manufacturer; Aptera Motors, a California-based three-wheeled EV company; and Medline, a major medical supplies firm targeting a $5 billion raise.