10 IPOs To Watch Out For In 2021, Including Petco, Poshmark, Bumble And Coinbase

Businessman, Internet, Continents

The $150 billion raised by IPOs in 2020 was the best since the dot-com boom era. Data from PricewaterhouseCoopers shows companies raised money through 183 traditional IPOs and over 240 SPACs in 2020.

Here is a look at 10 companies expected to IPO in 2021.

Affirm

Fintech company Affirm (Nasdaq AFRM) was scheduled to IPO in 2020 before pulling the offering due to the huge debuts from Airbnb Inc ABNB 1.1% and DoorDash DASH 1.8%.

The company was founded by Max Levchin, the co-founder of Paypal Holdings PYPL 1.16%. Affirm helps 6,500 merchants and 6.2 million customers pay for goods online without a credit card.

Affirm had gross merchandise volume of $4.6 billion in fiscal 2020, which was up 77% year-over-year. In the first quarter of the current fiscal year, Affirm had revenue of $174 million, which was up 98% year-over-year.

Bumble

Dating app Bumble has filed for an IPO. Reports now say the IPO could come around Valentine’s Day in 2021.

The company could be valued at between $6 and $8 billion. Bumble was launched by Tinder co-founder Whitney Wolfe Herd.

Bumble is different from many dating apps as it only allows women to make the first move. The app has over 100 million registered users and has seen the number of users grow more than 250% in the last two years.

Blackstone Group BX 0.14% is the major backer of Bumble.

Related Link: 10 Of 2020's Top Performing IPOs

Coinbase

With Bitcoin prices at all-time highs and cryptocurrency a trending topic of 2020, Coinbase has announced plans to IPO. This would mark the first major U.S. cryptocurrency exchange to go public and could be a landmark victory in making cryptocurrency more mainstream.

The company last raised funds in 2018 at an $8 billion valuation. The company has considered a direct listing, been a rumored IPO and been linked to SPACs throughout 2020.

Coinbase could be valued at more than $20 billion with its 2021 IPO. One of the early investors of the company was Banco Bilbao Vizcaya BBVA 0.7%, which began investing back in 2015 when the company was valued at $400 million.

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Disclosure: Author is long BBVA.

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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