2021 IPOs big markets winners Coinbase Robinhood - From Coinbase to Robinhood: the chart that reveals who are the big winners in the markets of the last IPOs in 2021.
2021 has given continuity to the movement that took place throughout 2020: IPOs were the main strategy of the management teams of the companies.
Making the leap to Wall Street became a real priority.
What drove the IPO fever was the very high corporate valuations in the markets, inflated by low Federal Reserve interest rates and monetary stimulus in the wake of the COVID-19 pandemic.
This inevitably generated a speculative wave of IPOs that has benefited not only traditional listed companies, but also SPACs, formed strictly to raise money through market debuts.
2021 IPOs big markets winners Coinbase Robinhood
This gold rush was increasing and became palpable with stock market premieres as much talked about in this year as Coinbase, Roblox, Robinhood, Didi or Affirm.
Mark Newton, president of Newton Advisors, explained that the race to go to market reminds him of the moment before the outbreak of the dotcom crisis, at the end of the 90s.
” It is really representative and recalls the year 1999, " said Newton in statements collected by the CNBC. “In the whole decade of the 90s, we saw about 5,100 IPOs, but in the last 20 years, we have seen about 2,100, although it has accelerated dramatically in recent years,” he added.
Now, seeing the dynamics that have been acquired and having passed the equator of the year, it is time to see which are the operations that have been successful so far by the dynamics that has been taking in the markets.
This is the chart that summarizes it, based on the movements of your shares to date.
2021 IPOs big markets winners Coinbase Robinhood
- Coinbase: the most anticipated IPO that has gone from high to low
Undoubtedly, the most important cryptocurrency platform in the world was one of the IPOs that attracted the most attention of investors in 2021, if not the most.
The company faced its first day with a market capitalization of more than 100,000 million dollars. However, the crypto asset sector earthquake caught him quickly and that caused his shares to have retreated by more than 15% since the close of his first day on Wall Street.
That does not exempt many experts, such as the case of the popular Cathie Wood, an analyst at Ark Investment, consider that Coinbase still has a long way to go on the New York stock exchange. For now, his path has been quite bitter.
- Robinhood: meme rage drives Robinhood titles
The most famous online broker of the moment made its debut at the end of July and since then its shares have only taken off on Wall Street. In fact, they have already skyrocketed more than 47% since the close of the first session in which the company formalized its debut.
Investment banks such as Goldman Sachs or Morgan Stanley placed their valuation around 10,000 million dollars (8,365 million euros) and 25,000 million dollars (20,900 million euros).
However, with the buyer furor, encouraged by the Reddit WallStreetBets community and the meme stock phenomenon, it has caused its current market capitalization to exceed 42,000 million dollars(about 35,700 million euros).
Robinhood is one of the winners of the IPOs in 2021, although it takes very little time to make a balance more adjusted to reality.
2021 IPOs big markets winners Coinbase Robinhood
- Didi Chuxing: the Chinese Uber that has not yet warmed up the engines of investors
On the other hand, Didi Chuxing, the Chinese transport giant that "ate" Uber in China is another one that premiered on Wall Street. Specifically, on June 30.
The company was valued at more than 62,000 million dollars (51,860 million euros), after its last round of financing, according to PitchBook data.
However, the company, backed by investment giants such as SoftBank, Alibaba and Tencent, has not finished carbureting on the American parquet.
Since the close of the first day its shares have plummeted by more than 37%, while its valuation is now below 42,000 million dollars (35,700 million euros).
- Roblox: the video game platform that makes market players fall in love
The online gaming platform, initially valued at 4,000 million, is the clear success of Wall Street.
The company, which allows users to create and publish their own video games using the Roblox toolkit, went public on March 12 with many expectations placed on its future.
Today, its shares have climbed more than 21% after being released in the markets, which makes its market capitalization has exceeded 48,000 million dollars (40,800 million euros).
In the first 9 months of 2020, Roblox had 31.1 million daily active users, an 82% increase over the same period of the previous year. Meanwhile, its revenues reached $ 589 million, but its net losses amounted to $ 203 million, 4 and a half times the $ 46 million it lost at the same time in 2019.
2021 IPOs big markets winners Coinbase Robinhood
- Affirm: another disappointment in the short term
The company, whose valuation exceeded 10,000 million dollars (about 8,500 million euros), is dedicated to the granting of small loans with 0% interest or with simple interest for consumers looking to buy everything from shoes to stationary bicycles.
Founded in 2012, it still does not capitalize on its revenues, recording net losses of 120.5 million and 112.6 million in 2019 and 2020, respectively. A situation that has been a drag on their actions.
Their securities are sold on the stock exchange more than 29% since their IPO. Of course, due to the furor on the first day of trading, its current valuation is higher than 18,000 million dollars (15,300 million euros).