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3 squares · NYT Crossword · December 11, 2025 · The answer stays hidden until you tap it

This clue appeared in the NYT Crossword on Thursday, December 11, 2025 (37 Across). The answer is hidden below until you want it. Thursday puzzles often have a trick, such as a rebus (several letters in one square) or answers that bend the rules.

Answer length: 3 squares

First letter

I _ _

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About the answer

IPO as a word: (intransitive, transitive) To launch an initial public offering, to go public; (business) Initialism of initial public offering. [(business, finance) The first offering to members of the public of stock in a company, normally followed b....

IPO has been an answer 3 times in the NYT Crossword and Mini since December 11, 2025.

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