2020 was a year of uncertainty and volatility in the stock market due to the ongoing COVID-19 pandemic. Despite the challenges, there were still a number of successful initial public offerings (IPOs) that took place throughout the year. Here are the top 10 IPOs of 2020, based on their performance and overall impact on the market:
- DoorDash: Online food delivery company DoorDash made its public debut in December, becoming the biggest U.S. IPO of the year. The company's stock price more than tripled on its first day of trading, and it raised over $3 billion in its IPO.
- Airbnb: Home-sharing platform Airbnb went public in December, raising nearly $3.5 billion in its IPO. The company's stock price soared on its first day of trading, giving it a market value of over $100 billion.
- Roblox: Online gaming platform Roblox made its public debut in March, raising over $1.5 billion in its IPO. The company's stock price jumped more than 80% on its first day of trading, making it one of the best-performing IPOs of the year.
- Snowflake: Cloud data warehousing company Snowflake made its public debut in September, raising over $3.4 billion in its IPO. The company's stock price soared more than 120% on its first day of trading, giving it a market value of over $70 billion.
- Unity Software: Video game development platform Unity Software made its public debut in September, raising over $1.3 billion in its IPO. The company's stock price jumped more than 50% on its first day of trading, making it one of the best-performing IPOs of the year.
- Palantir Technologies: Data analytics company Palantir Technologies went public in September, raising over $1.5 billion in its IPO. The company's stock price jumped more than 40% on its first day of trading, giving it a market value of over $20 billion.
- Lemonade: Insurtech company Lemonade made its public debut in July, raising over $319 million in its IPO. The company's stock price jumped more than 130% on its first day of trading, making it one of the best-performing IPOs of the year.
- Asana: Work management platform Asana went public in September, raising over $187 million in its IPO. The company's stock price jumped more than 30% on its first day of trading, giving it a market value of over $2 billion.
- Trade Desk: Advertising technology company Trade Desk went public in September 2016, raising over $81 million in its IPO. The company's stock price jumped more than 20% on its first day of trading, giving it a market value of over $7 billion.
- Sumo Logic: Cloud-based data analytics company Sumo Logic went public in September, raising over $324 million in its IPO. The company's stock price jumped more than 60% on its first day of trading, giving it a market value of over $5 billion.
These top 10 IPOs of 2020 represented a diverse range of industries, including technology, gaming, insurtech, and advertising. Despite the challenges posed by the pandemic, these companies were able to successfully go public and make a significant impact on the market. It will be interesting to see how these companies continue to perform in 2023 and beyond.
