The pandemic briefly derailed new IPOs.
Yet it didn’t last long. And by May the market for initial public offerings was booming once again.
Giddy investors are sending the average new IPO soaring 47.4%! And some Wall Street investors are banking gains of 839% or more!
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At the beginning of 2020, investors eagerly awaited several “unicorn” IPOs. These are privately held companies with venture capital financing. And they’re each valued at over $1 billion at IPO.
These types of deals were once rare, which prompted the name “unicorns.” Yet today there are over 481 companies in the unicorns club.
Many of these private companies are rushing to go public.
As of mid-August, there have been 103 IPOs in the U.S. And the performance of recent IPOs has been outstanding (go here to grab the next IPO – before it starts trading).
Just check out this chart.
The Renaissance IPO ETF (NYSE: IPO) is the only ETF that tracks the U.S. IPO market. It’s up 31.5% in the last three months alone. That’s well ahead of the 18% gain in the S&P 500 over the same time frame.
Recent high-profile deals include Warner Music (NASDAQ: WMG). The company raised almost $2 billion as it went public. Used-car website Vroom (NASDAQ: VRM) raised $500 million in June.
Quicken Loans (NYSE: RKT) is America’s largest mortgage lender. And it raised $4 billion in its IPO that debuted Aug. 6.
And there are plenty more big deals in the works, including dozens of potentially lucrative unicorn IPOs.
Airbnb could be the largest U.S. IPO of 2020. The leading online marketplace for rentals has an estimated value over $30 billion. Covid-19 shut down Airbnb’s business in April, but rental bookings rebounded by early June.
The Airbnb IPO is expected sometime before yearend. It could be a blockbuster deal.
Another high-profile deal is the expected IPO of Snowflake, a leading cloud-based data storage startup. The company raised more than $1.4 billion in venture capital. Its IPO valuation could be as high as $20 billion.
That makes it one of 2020’s largest stock offerings. The deal is expected by the end of October.
Most folks have never heard of Snowflake. And it’s the latest example of an upcoming mystery IPO that could deliver huge gains.
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Yours in Wealth,