Latest IPO out performed the market and given robust return. Here is are some best IPO performed well and bit the market estimates.
Latest IPO Performance
Affirm, a fintech startup paused its December 2020 IPO and instead went public on January 13, 2021. The fintech startup offers buy-now-pay-later online payment solutions to some of the biggest names in retail, with earnings doubling last year as buyers went online. Their stock was originally awarded on the Nasdaq at $49 but has since risen 150% to $122.
Poshmark also benefitted from turning customer behavior, with the online marketplace reaching a profit of $21.3 million for the first time in 2020. On January 14, 2021, Poshmark went public and has since seen its initial IPO price of $42 rise by 64% to just over $69.
Petco is by far the oldest name on this IPO list, founded in 1965 to sell pets and pet products. The retail giant Petco has since offered services, including pet coaching, grooming, and insurance. With over 1,500 brick and mortar shops and year sales of $4.7 billion, Petco is a giant in its market area. It should come as no surprise then that Petco’s IPO of $18 has grown by 48% to $31.78 since it went public on January 13, 2021.
Dream Finders Homes, a home developer in many developing metropolitan areas in the U.S., went public on January 21, 2021. Their business model of designing, building, and selling homes in Jacksonville, Orlando, Denver, Charlotte, Raleigh, Austin, and Washington, D.C, showed attractive to investors. Since their initial IPO price of $13, the stock has climbed 130% to $29.91.
Upcoming IPOs in 2021, Investment opportunity
Roblox is the bane of parents everywhere, and potentially more strong at obtaining payment from children than Pokémon. The gaming platform, which enables users to design their own game modes and characters, is enormous with growing children and blows 150 million live users. Amid the coronavirus pandemic, Roblox’s income raised 68% in the first nine months of 2020. As a result, Roblox postponed their IPO, originally slated for December 2020. A new round of private funding prized the company at $29.5 billion before it is set to go public in early 2021.
Instacart has grown through the coronavirus pandemic, with their contractors picking up groceries and other necessities for those who need to self-isolate. According to Reuters, although the mobile app hasn’t fixed a date for its IPO, it’s presumed to go public in the first half of 2021. Goldman Sachs has been hired as the underwriter and is intending for a $30 billion market valuation.
23andMe, which provides direct-to-consumer DNA testing, seems to move public in the second quarter of 2021. Users can send in specimens of their DNA to the company and get personalized data about their ancestry, traits, and genetic health dangers to specific diseases. The IPO, organized by Sir Richard Branson’s Virgin Galactic Acquisition Corp., estimates the valuation of 23andMe at $3.5 billion.
Patreon is also rumored to be admitting an IPO in 2021. The online platform gives musicians, artists, writers, and other creatives a space to monetize their content. Patreon allows followers to pay their preferred content originators each month in return for exclusive content, with the company taking a cut of the revenue. In a round of funding in September 2020 startup valued at $1.2 billion.
Bumble is amazingly popular with ladies, with its namesake dating app enabling them to start discussions. The company’s other app, Badoo, is a more conventional practice. Bumble has more than 12 million monthly users, with 9% on paid plans. Meantime, Badoo claims 28 million monthly users, with 4.6% of them paying to utilize the platform. Set to go public on February 12, Bumble has set its share price at $39 and is seeming for a valuation of more than $7 billion.
Robinhood seems set to remain with plans to move public, despite reaction over its decision to cease trading in GameStop and AMC. Four people familiar with the matter told Private Equity News latterly that the trading app is assumed to make an offering in the near few months, most expected in the second quarter of 2021. According to Reuters, Robinhood, which was last priced at $11.7 billion, has hired Goldman Sachs to manage the offering, which could appreciate the company at $20 billion value.
Coinbase is resembling to realize more retail consumers getting associated with cryptocurrency to go public in 2021. Back in December, Coinbase notified the SEC of its aim to move public. And, of course, the cryptocurrency company isn’t doing conventional methods. Coinbase has forgone hiring investment banks to manage the deal and will instead post its shares via a direct listing. The company’s latest valuation is much old, with a round of funding esteeming the company at $8 billion valuations in 2018.
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