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10 Of 2020's Top Performing IPOs

Chris Katje
·3 min read

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 (NASDAQ: 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 (NASDAQ: 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.

Related Link: How Unity Software Could Surpass Autodesk In 5 Years

BigCommerce Holdings: Software-as-a-service company BigCommerce Holdings (NASDAQ: 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 (NYSE: 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 (NASDAQ: 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 (NYSE: 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.

Nkarta Inc: Pre-clinical biopharmaceutical company Nkarta Inc (NASDAQ: NKTX) had a strong debut. Shares tripled on their opening day, going from the $18 pricing to as high as $58. Shares now trade at $69.17.

Palantir: In September, Palantir Technologies (NYSE: PLTR) completed a highly anticipated debut on the markets. The company went public via a direct listing. Shares priced at $7.25 and traded below $11 for nearly two months. Shares of Palantir now trade at $27.75, making the stock one of the best performing 2020 new listings.

Snowflake: In September, Snowflake (NYSE: SNOW) had one of the largest IPOs ever for a software stock. Shares priced at $120. Shares traded over 100% higher in their market debut. Shares of Snowflake now trade at $323.04.

Unity: More than $1 billion was raised by Unity Software (NYSES: U) in its 2020 IPO. The company, which helps companies create video games, priced shares at $52. Shares saw an opening day rally of 44%. Since then, shares have rocketed higher, now trading for $164.92.

Photo courtesy of Pixabay.

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