Hong Kong leads world in IPOs for 2018, driven by tech listings

Shake Shack more than doubled its IPO price in its 2015 debut though, as we’ve noted before, it and others in the Better Burger segment have been wildly overvalued in the past. Shack’s IPO debuted around the same time as better-burger rival, Habit Burger (HABT in November 2014 and SHAK in January 2015). Smash Burger was rumored to be mulling an IPO, too, but those rumors were eventually put to rest by the company itself, which said it hoped to “double its number of locations” before going public. The chains typify the fast-casual trend that has taken over the restaurant industry over the last decade, though the burger segment has shown some signs of flagging. In the first half of the year, 24 tech companies went public, according PwC.

There were many tech companies that made their debut in the stock market this year. Another notable fact about the 2018 stock exchange is that many companies also priced their IPOs lower than the estimated cost. On May 17, online education provider Pluralsight (PS) priced its offering at $15 per share, slightly above the $12 to $14 range that was expected. The stock was an immediate hit, closing that first day 33% higher at $20 a share.

From its IPO price of $20, Endava is now worth more than $26 per share today. Now trading over $75 per share, BJ’s is a discount store industry leader that is maintaining a strong buy rating. That means even if you missed the IPO, you may still have a chance to make money. You might consider putting down that 10-gallon jar of pickles and the life-sized inflatable dragon for your front lawn. Instead, think about how much an investment in BJ’s — or any 2018 stock that is still outperforming its IPO today — could make you long after the pickles are eaten and the Halloween decoration has vanished in your attic.

“Speaking to its loyal customer base, 38% of new product registrations during fiscal 2017 came from existing customers.” New winners like these typically lead fast-growing new markets. Or they are benefiting from the positive effects of dramatic change in their underlying industries. Zuora’s SaaS billing applications automate invoicing, commerce and finance operations. It targets companies who need to manage subscription payments, pricing, product catalogs and tax payments.

Public SaaS Companies That Had IPOs in 2018

Pinduoduo inc. (PDD) IPO’d at $19 per American depositary share, offering a total of 85,600,000 ADS. As a result, the company raised more than $1.6 billion in its public offering. Pinduoduo is an online shopping platform that offers customers the chance to gang up to earn greater discounts from merchants. Pinduoduo managed to outpace other popular and highly-anticipated Chinese-U.S. Public offerings around the same time, including that of Tencent Entertainment. Tencent earned about $1.1 billion in its IPO, just barely failing to make it onto the list of the top five IPOs of the year.

• It also has hopes for an eventual third revenue source, developing and marketing drugs of its own.
• “We haven’t seen that level in the data yet, and our data sets go back to the 1990s,” Pride told IBD in an interview.
• Company disclosed its net proceeds in its Form 10-Q report of results for the second quarter of 2018, filed August 10.
• Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

Our clients count on us to deliver on our promises of meaningful value, actionable insights, and tangible results. Things weren’t any better in the restaurant space with a total of zero IPOs, a record not even beaten during the 2008 crisis. The 2016 IPO count hit the lowest count since 2009 with a total of 133 offerings. It was also de lowest Venture Capital-Backed tech IPO since that same year, of which only 10 were still positive by December of that year. 2016 was so bad that the biggest IPO by the Chinese package delivery service, ZTO Express, had flopped by the end of the year.

Keep Reading This Article and Find Out the Top 2 IPOs of 2018

A data center shop focusing on providing systems for intensive computing tasks such as deep learning and financial trading, the company went public on February 1, 2018. At the time of its IPO, the company was valued at $61.7 million. According to Tradingview, it hit a peak stock price of $6.10 at close https://business-oppurtunities.com/corporate-career-development-networking-part-1/ of March 9, 2018. Most recently, the company has agreed to acquire Concept Development, which creates in-flight entertainment systems. After years of rumors that SurveyMonkey will go public, the company finally pulled the trigger. The survey company, founded in 1999, was welcomed by investors.

It’s now trading just below $20 a share, though it hit an all-time high of $66.90 in January of 2021. As you can see, Nio has the potential as one of the best companies that had their IPO in 2018. The largest IPO to date was the oil giant Saudi Aramco’s public offering in December of 2019, which raised more than $25.6 billion. Spotify’s IPO listing offered 55.7 million shares or ordinary stock. As more tech companies go public or announce their intentions to do so, this article will continually be updated. The firm raised $12 million during its debut on the Nasdaq according to Crunchbase, valuing itself at just $102 million.

The rising stock market has made for a fertile IPO market, with the strong performance by new stocks also a crucial factor. The percentage of profitable IPO companies declined to 28% in 2018 from 34% in 2017 and 36% in 2016. Only three life sciences IPO companies in 2018, or 4% of the year’s total, were profitable, compared to 10% over the five year period from 2013 to 2017. In 2018, 44% of non–life sciences IPO companies were profitable, down from 52% for the preceding five-year period. The ERP provider has hit it with some big clients like Box, TripAdvisor and Nvidia, but it still has a lot of competition ahead against established market leads like Microsoft, SAP and Oracle. Please follow Saito-Chung on Twitter at @IBD_DChung for more commentary on growth stocks, new IPOs, buy points, sell signals and financial markets.

RESTAURANTS IPOs IN CONTEXT OF OTHER INDUSTRIES

A hot stock market generally means good times for IPOs, especially for investors whose brokers can help them scoop up the shares at a good price. Below is a list of the 10 largest biotech IPOs that were completed, or at least began trading shares, during 2018, ranked by size of proceeds (usually net proceeds). Each IPO is listed by name of company, amount raised, date of listing, number of shares sold, price per share, trading symbol, and market(s) where shares are traded. While it was estimated that Dropbox’s IPO would be priced from $18-$20, the cloud storage company entered the stock market in 2018 with an IPO price of $21. It had a favorable outcome and became the most successful tech IPO since Snapchat’s IPO a year earlier. At the time of its open on April 20, Pivotal Software’s $15 IPO share price appeared bold.

Some of the other high-profile IPOs were Valvoline (Oil & Gas), Patheon (Pharma) and Red Rocket Resorts (Hospitality). Along with this uptick in activity, we have seen an increase in Securities and Exchange Commission (SEC) scrutiny of IPO disclosures. In 2021, a company could expect to receive an average of 21 SEC comments on its initial IPO registration statement filing, an increase of more than 30% from 2015. Similarly, the average number of comments received during subsequent back and forth with the SEC increased over 30% from 2015. We expect this trend to carry into 2022, with continued SEC scrutiny of topics such as non-GAAP financial measures and “cheap stock” issuances to company insiders. Our financial advisors create solutions addressing strategic investment approaches, professional portfolio management and a broad range of wealth management services.

• Nio launched on the NYSE for $6.26 per share on September 12, 2018.
• This enterprise-level software-as-a-service solution has a large and eager market, with companies ranging from Emerson and Unilever to ESPN.
• There was a total of 217 IPOs this year of which Snapchat’s (Tech) had the highest profile and also one of the largest of the year.

Down from its peak of nearly $450 in September 2021, the stock is currently still a winner at roughly $120. Some of the high-profile companies that had their IPO in 2021 were Roblox (online gaming), Compass (real estate), Coinbase (crypto-trading), Robinhood (trading app), and Warby Parker (eyewear). The company went public in July 2019, raising more than $40 million (lower than the initial expectation of $57.5 million).

Cloud software company, Anaplan (PLAN) went public in October, right in the middle of a tech-sector train wreck, yet popped 30% from its $17 offering price to close above $23 after its first day of trading. Shares — which had fallen below the IPO price — have since soared 35%. Anaplan is still reporting significant losses, however, so investors may still see the stock price bounce around a lot. An initial public offering (IPO) is a big deal for companies. If successful, it can build their credibility and income and even make it easier to get additional financing. 2018, there were 255 IPOs with the average deal amount being $108 million.

In early 2018, security service ADT Inc. became public, with shares starting at $14 each. This price came as a shock to many, as the expected price was to be between $17-$19. The debut in the New York Stock Exchange ended up being a flop and ADT shares dropped 12 percent, with the closing cost being $12.39. The China-based firm that focuses on linking car buyers, banks, and dealers went public at $11 per share. It made money when it went public, and its most-recent earnings report lists profit as well. And it’s working with mega-unicorn Didi, making its share price slide all the more notable.

The Florida-based restaurant chain with over 441 locations in 28 states totaling over 10 thousand employees had a rough post IPO 2021 with a loss of $2.6M on December 26th. It’s award-winning Daytime Dining concept with made-to-order meals allowed it to turn a net income of $4.6 million in Q1 2022, compared to the net loss of $2 in the same period one year before. It also experienced a 35.6% increase in Q1 sales and expanded to 441 restaurant locations after 7 new openings.

I3 Vertical’s then dipped for approximately two months, but shares recently rebounded to $19.08 as of close on September 5. It raised a modest $30.8 million in funding, according to Crunchbase. Founded in 2016, the ticketing and events company filed its S-1 in late August. The former unicorn boasted healthy numbers, despite a lack of GAAP profits.

The company is now has a market cap of $3.58 billion at $19.16 per share. Before going public, investors put $610 million into the company. However, two recently completed Chinese IPOs, fashion app Mogu and Tencent Music (TME), may have indicated a shift in IPO sentiment as market volatility increases. Both companies priced shares at the bottom of their respective IPO ranges, hinting at weakening demand for public offerings. The relatively weaker performance of companies listed since November echoes that sentiment, and even led some investors to speculate that some IPOs planned for 2019 could be delayed if market volatility continues.

Since its offering date, Americold stock is up more than 70%. The firm, which went public on the New York Stock Exchange, raised over $78 million as a private company, as has fallen under its IPO price since going public. If not, there’s still time to get in while prices are low and companies are undervalued for many of these top companies. You will want to choose an online or real-world stock brokerage to begin trading. Consider some of these expert investing tips for a bear market.

An HR services provider, Ceridian had an investment total of $150 million prior to going public. It has since performed well above its initial pricing, hovering around $30 a share and above. A Twitch competitor, China-based Huya raised $536 million in venture funding. Initially pricing at $12 a share, the firm has doubled its share price to $27. It does not seem to be significantly impacted by news of China’s will to reign in video games. From across the pond, London’s Endava took its software development outsourcing work to the New York Stock Exchange.

The list doesn’t include great debuts like Xiaomi’s IPO, Jia.com’s, and others as they didn’t list here in America. It also doesn’t include a few London-listed IPOs that we’ve written about as well. It works specifically “between sellers and buyers,” according to its Crunchbase page. Based in payments-hub Atlanta, Cardlytics peers into spending data and helps pull out the trends. That data, sold to marketers and financial shops according to its website, is worth a pretty penny.

But the market is also being driven by the eagerness of tech companies to go public, the bankers say. There’s plenty of private capital still floating around, and at least some of the prospective companies are generating cash, so many don’t necessarily need to hit the public markets to grow or stay float. That’s the word from some of the investment bankers who cater to the tech industry and work with companies that are preparing to go public. Investors are eager for new offerings from high-growth firms, while at the same time many companies are itching to go public after many years of being private, they say.