2020 Big IPOs — How Did They Do?

How did the biggest IPOs of 2020 fare as they rounded the corner into 2021, the change of administrations, the diminishment of COVID, and the burn off of any lock out periods for the original investors?

This “post lock out expiration” period is always an interesting bellwether.

Here are the 2020 IPO biggies:

DoorDash — food delivery in the Age of COVID (very skeptical post COVID, I am)

IPO Price: $102

First-Day Close: $189.51

Current Stock Price: $161.46

IPO Valuation: $39 billion

Current Valuation: $52.6 billion

Unity — video game software

IPO Price: $52

First-Day Close: $68.35

Current Stock Price: $96.84

IPO Valuation: $13.7 billion

Current Valuation: $27 billion

Palantir (SPAC rather than IPO) — data mechanics, analytics 

Reference Price: $7.25

First-Day Close: $9.73

Current Stock Price: $24.80

Valuation: $22 billion

Current Valuation: $46.5 billion

Airbnb — come on, man, you know what Airbnb does

IPO Price: $68

First-Day Close: $144.71

Current Stock Price: $149.15

IPO Valuation: $47 billion

Current Valuation: $92 billion

Snowflake — cloud computing

IPO Price: $120

First-Day Close: $253.93

Current Stock Price: $238.84

IPO Valuation: $33.2 billion

Current Valuation: $70.7 billion

As you can see, they appear to have universally trended upward. Bit of good news.

But, hey, what the Hell do I really know anyway? I’m just a Big Red Car and my stock has never been higher because I am a proud American muscle car.

“Calm down, Big Red Car, with all your nationalistic jingoism. I can send a man with an ice pick with some deadly poison on the tip to pop all of your tires. You don’t have the Orange Man to protect you now.”