If you have never heard of an IPO before last week then it is highly likely you now know what they are but also, you also probably know of a handful of names that are going public. The media attention around this hot area of the market has been steadily increasing and although last week was only 4 days long there wasn't one day where current and future IPO's were talked about.
The most widely known name of the group was Pinterest (PINS ) which grabbed attention not only for it's brand power but also for their launch. The IPO priced higher than it's original range and on it's first day popped about 30%. The social media platform isn't quite able to show a profit but that didn't stop new investors from diving in.
Zoom Video (ZM ) was thrust to the front of all media attention as their IPO could have been the best, all around performing IPO of the year so far. The company was able to raise their pricing range just before launching thanks to strong demand but that demand was underestimated as the stock shot up another 70% upon opening. Why? They are a profitable company. IPO investors have been forced into listings with little to no sales as well as almost every IPO being unprofitable. Zoom's strong subscriber base and profitability had IPO investors racing to pay any price for the platform.
Now, the bad news is that this week there is not really any new listing you can sink your teeth into, but you can prepare for those big names that are working their way to IPO. We will very likely see pricing info from Uber as well as get more clarity on a slew of companies that are just around the corner from their launch.