Airbnb (ABNB) also went public on the Nasdaq in December, but the response was more muted. ABNB opened at $146 per share, rose to a high of $165, and fell to $124 three days later, a 25% drop. After fourth-quarter results that beat expectations, the stock has now recovered to $196.
IPO Trends in 2021
There are a number of large IPOs yet to come in 2021, suggesting that 2021 has the potential to surpass 2020. This year, dating app Bumble (BMBL) went public with a $2.2 billion IPO on February 11, 2021. The stock surged 63% on its first day of trading, double what was expected.
Looking ahead, we’ll be keeping a close eye on trending companies spain mobile database such as Instacart , a grocery pickup and delivery service that has hired Goldman Sachs to manage its IPO. The company experienced phenomenal growth in 2020 as global lockdowns drove demand for home deliveries soaring. However, as lockdowns have eased, the company’s online traffic growth has slowed:
During the week of June 4, 2021, visits to instacart.com were down 20% year over year.
Also in line is digital payments company Stripe and possibly SpaceX, founded by Elon Musk. Of course, all eyes are on Robinhood, the hugely popular retail brokerage platform that is expected to go public later this year.
In a recent Goldman Sachs report , Jay Ritter of the University of Florida summed up the IPO outlook: "I expect IPO activity to remain elevated as long as the stock market continues to perform well. The IPO market has always been highly sensitive to stock market movements, so if the stock market were to take a dive, as it did last February, the IPO market could quickly shut down. While this is possible, the more likely scenario is that the fairly high volume of offerings will continue and perhaps even grow.