10 Of 2020's Top Performing IPOs

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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