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.