10 Of 2020's Top Performing IPOs
The year 2020 has brought new investors to the stock market and also seen the most companies go public since 2014.
Here is a look at 10 of the top performing IPOS in 2020.
Airbnb: One of the most anticipated IPOs of 2020 was Airbnb Inc (ABNB). The company, which offers a platform for users to rent homes typically for vacation stays, offered shares at $68. Shares more than doubled in their debut in December. Shares traded as high as $168.25 in their first two weeks of trading and ended last week at $154.84.
Berkeley Lights: Cell biology company Berkeley Lights (BLI) offered shares at $22 for its IPO. Shares of the company traded at $103.38 at the end of the week, representing a strong return for investors who got into this name in its July debut.
BigCommerce Holdings: Software-as-a-service company BigCommerce Holdings (BIGC) helps power ecommerce stores for companies. The company had one of the largest IPO pops by a technology company in the first half of the year. Shares priced at $24 traded over $70 in their first day of trading. Shares of BigCommerce hit highs of $141 in August.
C3.ai: SaaS company C3.ai Inc (AI) marries artificial intelligence with enterprise software. The company offered shares at a price point of $42, which was higher than its original range of $30 to $33. Shares traded at $161.00 at the end of the week, providing a nice return for anyone who invested at the company’s market debut earlier this month.
CureVac: Clinical stage biopharmaceutical CureVac (CVAC) is working on treatments for four types of cancer as well as a COVID-19 vaccine. The company priced shares at $16 in its IPO. Shares now trade at $101.73, and the company has a market cap of $17 billion.
Lemonade Inc: Insurance company Lemonade Inc (LMND) raised $319 million with an IPO that saw shares priced at $29. Shares rocketed in their first day of trading and closed up 140%. Shares of Lemonade currently trade at $125.11, making the company one of the best performing IPOs of the year.
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