Ipo-chan is a gijinka or moe anthropomorphism representing an Initial Public Offering (IPO), personifying the moment a private company goes public on the stock exchange. Usually depicted as a nervous or enthusiastic anime girl in professional attire, she captures the chaotic energy of financial markets and investor sentiment. The meme gained significant traction within Japanese finance boards and global crypto-trading communities as a way to satirize the pump-and-dump cycles of new listings. It is widely used to illustrate the extreme hype surrounding a new stock or token, the volatility of the opening bell, and the often-humorous disparity between high investor expectations and the harsh reality of market corrections.