This year's big tech IPOs, compared
A lot of big tech companies are staying private for longer than ever before, leading to a rise in billion-dollar private "unicorns."
But what about the companies that did go public this year? This chart from Statista compares the IPO price, first-day closing price, and Dec. 15 closing price of six high-profile tech IPOs this year. The worst performer has been Etsy, down more than 40% since its debut, and Box is also down slightly. But several other tech companies are doing quite well on public markets, including GoDaddy, which is up more than 60%.
The takeaway? The tech market is varied, and there's no obvious cross-cutting trend. If a company's fundamentals and growth are strong, now's a fine time to go public. If not, staying private is an easier option than ever before.
Statista
- Global stocks rally even as Sensex, Nifty fall sharply on Friday
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study