Adtech platform MNTN debuted on the New York Stock Exchange with a market valuation of approximately $1.6 billion, marking a notable event in the ongoing recovery of the IPO market. The company reported 2024 revenue of $225.6 million, reflecting a 28% year-over-year increase, with gross margins around 70% and operating margins near zero. MNTN serves 2,358 customers, each with an average contract value of $95,000, and 92% of these customers were new to TV advertising, indicating expansion into previously untapped markets. On its first day of trading, MNTN's shares surged by 73%, demonstrating strong investor interest. Alongside MNTN, digital health company Hinge Health also experienced a double-digit share price increase during its NYSE debut, rising 17%, fueling speculation about digital health and wellness becoming a prominent trend in the 2025 IPO market. The performance of MNTN and Hinge Health highlights renewed investor confidence in technology IPOs, particularly in sectors like connected TV advertising and digital health.