How Colorado's IPO market compares to other states
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Open embedded content from datawrapper.dwcdn.netColorado is tied for ninth nationwide in the number of initial public offerings, per fresh figures from the U.S. Securities and Exchange Commission.
Why it matters: The ranking underscores the state's role as a rising business hub — particularly for tech and energy companies.
By the numbers: The state had three IPOs in 2024, about 2% of the U.S. total.
- Two were Denver-based: couponing app Ibotta and natural gas producer BKV Corp. The third was Colorado Springs entertainment and hospitality group VENU.
Zoom out: Although Colorado significantly trails the nation's heavy-hitters — California (33), New York (26) and Texas (14) — it still lands in the top 10, tied with Georgia and Pennsylvania.
How it works: IPO listings are based on the location of each company's headquarters at the time of its public offering.
- Some companies incorporate elsewhere — often Delaware — for tax and legal reasons.
The latest: New SEC data shows just how lucrative it is to go public.
- Ibotta founder and CEO Bryan Leach was Colorado's highest-paid executive among publicly traded companies in 2024, BusinessDen reports. His compensation neared $29 million last year, mostly from stock awards.