USA Rare Earth (USARW) has had the highest return since January 1, 2025 by a US stock with an IPO date between January 1, 2023 and December 31, 2023, returning 3,128%.

ASSET	% RETURN
USA Rare Earth (USARW)	3,128%
DeFi Development (DFDV)	1,937.45%
Abivax SA American Depositary Shares (ABVX)	1,180.8%
Better Home & Finance (BETR)	591.97%
Royalty Management (RMCOW)	580.59%
AlphaVest Acquisition Corp Right (ATMVR)	456.62%
Spark I Acquisition Corp Warrant (SPKLW)	428.16%
NioCorp Developments Ltd Common Stock (NB)	410.06%
enGene Holdings Inc Warrants (ENGNW)	290.86%
Mineralys Therapeutics, Inc Common Stock (MLYS)	253.28%
AlphaTime Acquisition Corp Warrant (ATMCW)	229%
QuantaSing Group Limited American Depositary Shares (QSG)	214.03%
Royalty Management (RMCO)	208.59%
Primech Holdings Ltd Ordinary Shares (PMEC)	198.94%
Osisko Development Corp Warrant expiring 5/27/2027 (ODVWZ)	167.71%
Monogram Orthopaedics Inc Common Stock (MGRM)	150%
Foremost Lithium Resource & Technology Ltd Common stock (FMST)	146.9%
Genelux Corporation Common Stock (GNLX)	139.33%
Nextracker Inc Class A Common Stock (NXT)	132.84%
USA Rare Earth (USAR)	99.93%
Captivision Inc Warrant (CAPTW)	99%
American Battery Technology Company Common Stock (ABAT)	93.23%
Richtech Robotics Inc Class B Common Stock (RR)	92.23%
Companhia Paranaense de Energia - COPEL (ELPC)	77.95%
Revolution Medicines, Inc Warrant (RVMDW)	77.78%