![]() “We can’t be so sure that the tech IPOs will be the ones at the top of the 2021 list. With two COVID-19 vaccines now authorized in the U.S., one potential shift is a so-called return to normalcy that may not favor growth-oriented healthcare and tech companies, and instead may benefit cyclical names that aren’t as high-flying. IPO this year was 75.4%, compared to last year’s 24.4% and 2018’s -1.9% loss. The Renaissance IPO ETF ( IPO) is up 119% this year compared to the S&P’s overall 14.3% gain, logging its best year ever. Overall, this year’s slate of public offerings performed extraordinarily well during and after their IPOs. ![]() ![]() (Photo by Ian Tuttle/Getty Images for Roblox) ![]() Momentum looks promising heading into the new year, assuming the Federal Reserve’s easy money policy stays intact for the foreseeable future.īURLINGAME, CALIFORNIA - AUGUST 10: David Baszucki, founder and CEO of Roblox, presents at the Roblox Developer Conference on Augin Burlingame, California. While the IPO market started out strong in 2020, the pipeline essentially closed down in March because of the pandemic before picking up steam again in the second half of the year. “As long as the market holds up, we could very likely see a better year in 2021 than we saw in 2020,” Smith told Yahoo Finance. Airbnb ( ABNB), Doordash ( DASH), Snowflake ( SNOW), Lufax Holding ( LU), and Royalty Pharma ( RPRX) were the largest companies to go public this year.Īnd 2021 looks like it could be just as good for public debuts, according to Kathleen Smith, IPO ETF manager at Renaissance Capital. ![]() Over the last 12 months, a stunning 216 companies went public, the most since 2014, with firms raising an astonishing $78.1 billion in the process.Ĭonsistent with previous years, healthcare and technology were the most popular sectors of the IPO market. Despite the near-constant upheaval caused by the coronavirus pandemic, 2020 will go down as one of the best performing years for initial public offerings (IPOs). ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |