The initial public offering (IPO) market overcame a lightning-quick bear market in 2020 to bounce back to levels not seen since the dot-com boom. But there's still a laundry list of upcoming IPOs for 2020, and especially 2021, as a host of companies plan on tapping Wall Street for much-needed capital.
Some of the year's highlights? Business-to-business database operator ZoomInfo (ZI) helped open the floodgates in June with its $8.2 billion IPO. Game engine developer Unity (U) went public in September at a $13.7 billion valuation. Cloud infrastructure firm Snowflake (SNOW) hit the markets around the same time, marking the largest-ever software IPO at a valuation of $33.2 billion – an offering that got the attention of Warren Buffett.
You can thank a rapid snap-back rally and rock-bottom interest rates for rejuvenating Wall Street's wheeling and dealing. But there are other factors at play:The mega-trend of digital transformation continues to thrust more companies into the public markets. Many companies realize that to remain competitive, they must adopt modern technology such as cloud computing, analytics an artificial intelligence – and that means a vibrant technology-sector IPO market in 2020 and 2021.Also, venture capital markets have been flush with cash for the past decade. They have spent that cash by investing in thousands of startups, which has allowed them to quickly scale. The next logical step: The IPO, which provides still more capital … and gives founders, employees and VCs a way to cash in. Thanks to pushes from the likes of online brokerage Robinhood, trading stocks has become free (or much cheaper) for most investors. That has helped spur larger numbers of young investors looking for high-growth opportunities, like IPO stocks.
In light of this, it seems like a good bet that the momentum will continue for initial public offerings.
Here, we look at some of the most anticipated upcoming IPOs for 2021, as well as the rest of 2020. Right now, that list includes potential blockbuster offerings such as the Nextdoor, DoorDash, Wish, Instacart and Airbnb IPOs.SEE MORE 15 Mighty Mid-Cap Stocks to Buy for 2021 Data is as of Nov. 2. Where possible, we have provided reported expectations for timeli