2021 IPO Performance

August 30, 2021

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Good morning! A few weeks ago, we discussed the probability of Tech Bubble 2.0. With successful IPOs & direct listings attracting deep-pocketed nontraditional investors, there is a veritable tidal wave of cash going to new or novel startups.

Today we’re taking a hard look at the numbers from this year’s IPOs so far, to see just how things are going.

Up & Up
Investors in Monday.com, the workflow management tool popular among project managers and their teams, have experienced a 128% increase in share price since the IPO. After Robinhood’s disappointing debut, the company has rebounded with a 25% return. The average of this set is 42%, compared to the S&P 500 index, which is up 20% this year through 8/24/21.

IPO companies reported by Crunchbase News

Down & Out
Oscar Health has had the most disappointing results of all the IPOs thus far, clocking in at a 64% decrease. Playtika hit its lowest price in early August but is rebounding somewhat. The average return on this list of investments is -20%.