What were the big name companies that had their IPO in 2020? 2019 was quite unpredictable if we look back on the IPO index. But the year 2020 is a significant year for this century as we had to fight COVID-19. WHO announced it as a pandemic, many lives have been lost, and our regular life kind of froze. This pandemic affected the whole world including developed countries and it is needless to say the suffering of developing countries. COVID-19 remarkably affected the economic sector all over the world.
Many businesses and companies have been shut down because of this pandemic. Following last year’s IPO ups and downs which were eventually not bad, this year’s entry was expected to continue the bumper form. But CVD-19 halted the flow. Some of the tech IPOs’ entry and their activity in June made the stock market alive.
12 Companies That Went Public in 2020
We have arranged a list of 12 companies that went public in 2020. Let’s have a look.
1. Airbnb
Airbnb, Inc is an online rental marketplace for vacation or traveling in order to book or rent resorts, lodging, hotel, or other tourist activities. The company is based in San Francisco, California. Through their mobile app or website, anyone can place an order or platform. The company does not own any of the booking properties or platforms. They receive a commission if any booking is placed via their online platform. Airbnb was co-founded in 2008 by Brian Chesky, Nathan Blecharczyk, and Joe Gebbia.
The company went public on December 10, 2020, on the NASDAQ stock market. Their announced per share price was $68 with a market capitalization $106,585 million. Airbnb raised around $3.5 billion in its initial public offering.
2. Doordash
Doordash is an online based food ordering and delivery service in America. It is the biggest food delivery service in the US with around 56% share. Founded in 2013 by Tony Xu, Stanley Tang, and Andy Fang, Doordash is the main competitor if Uber Eats. It is based in San Francisco, CA.
The company announced its initial public offering in February 2020. They priced the share value at $102 each with a market value of $60,989 million. Doordash increased the company fund by about $3.3 billion through the IPO.
3. Snowflake
Snowflake Inc is a data warehousing cloud-based company. The company’s headquarters is in Bozeman, Montana. The company’s service went public in 2014, initially in July, 2012, as a non-public service provider. Since 2014, their service has been running on Amazon S3. In the Forbes report, Snowflake ranked first in the cloud category among 100 companies in 2019.
The company went public in 2020 on the New York Stock Exchange. Snowflake announced the company’s valuation at $80,753 and a per-share price of $120. It raised around $3,900 million through the IPO.
4. Palantir
Palantir is a software company that works on big data analysis in America. The company’s name comes from a popular series The Lord of the rings. Founded in 2003 by Peter Thiel, Nathan Gettings, Joe Lonsdale, Alex Karp, and Stephen Cohen. It has the headquarters in Denver, Colorado. Palantir’s main clients were from Federal agencies (USIC) in the States.
Palantir announced its initial public offering in 2012, on the New York Stock Market. They offered a $61,183 million market value. Their stock price opened at $7.25 on Sep 30. The company raised about $3 billion in its IPO.
5. Royalty Pharma
Royalty Pharma is one of the largest biopharmaceutical buyers. They offer to transform life science funding through collaborative investment. In 1996, Pablo Legorreta founded the company and it is based in New York. They provide payment-based sales to many therapeutic leading companies. The company works with academic institutions and mid-cap biotechnology companies to renowned pharmaceutical companies.
Royalty Pharma made its initial public offering debut in 2020 on the NASDAQ stock exchange. They proposed a $28 price for each stock, valuing the company at $32,144 million. The company collected about $2.1 billion from its IPO offering.
6. Warner Music Group
Warner Music Group is a record label conglomerate and multinational entertainment company in America. It is one of the largest recording companies among the top three in the USA. Its headquarters is located in New York. Warner Bros Record came into being in 1958. WMG traded on NYSE from 2005 to 2011. After that, it became private again.
WMG again went public in 2020, on the NASDAQ stock market. The company raised $1.9 billion through an IPO offering. It announced 70.7 million A class common stock shares at $25 per share.
7. Rocket Companies
Rocket Mortgage is a holding company in America. The company offers mortgage loans to consumers. Their headquarters is based in Detroit, Michigan. Rocket works on wholesale funding to collect loans and its system uses online applications to operate activities. One reverse and Amrock is a part of the company.
The company became public on the New York Stock exchange in 2020. They sold 100 million shares to collect a $1.8 billion IPO fund and the per-share target price range was $20-$22.
8. Xpeng
Xpeng (Guangzhou Xiaopeng Motors Technology Co Ltd) is a Chinese motor manufacturer company. Its headquarters is based in Guangzhou, Guangdong. They have company branches in Mountain View, California. Xia Heng founded the company in 2014. The company produces and sells electric vehicles.
Xpeng announced its initial public offering in the Hong Kong stock market on August 27, 2020. It priced a per-share value at HK $165 and its IPO fundraising was about $1.5 billion.
9. Unity Software
Unity Software Inc is a software company that develops video games. Its headquarters is located in San Francisco, CA. The company was started in 2004. The company developed a licensed game engine that is used to build video games and other application services. It was previously named Over the Edge, at that time they developed a game named Gooball (2005), but it was a flop.
In 2029 Unity software went public on the New York stock exchange. Their per-share price was $52 with a market capitalization of $41,387. It raised a total of $1.3 billion in IPO funding.
10. GoodRx Holdings
GoodRx Holding is a healthcare company in America. The company runs a telemedicine platform. They have a website (software) and mobile application which collects medicine prices based on prescription. To track drug prices they research about 75K drug stores in the US. GoodRx also serves discounted free drug coupons to users. It was founded in 2011 and is based in Santa Monica, CA.
In 2020, GoodRx announced its initial public offering on the NASDAQ. Their market cap evaluation was $17,063 and per stock price was offered at $33. The company’s IPO fundraising was $1.1 billion.
11. Li Auto
Li auto Inc is a Chinese company that manufactures and sells electric vehicles. This company was also known as Li Xiang. It is headquartered in Beijing and the factory is located in Changzhou. The company designs and develops the plan for their own produced vehicles.
Li auto made its initial public offering debut in 2020, on the NASDAQ stock exchange. Li auto earned about $1 billion at $11.50 per share from the IPO with its market capitalization of $390,913 million.
12. Ozon Holdings PLC
Ozon Holding is a Russian company that is one of the first e-commerce platforms in the country. The company started its journey in 1998 as an online based book store. Ozon group has a few subsidiary businesses and Ozon holding is one of them. According to Forbes, it was ranked 3rd as the most valuable online-based platform in Russia.
Ozon holding went public on the NASDAQ valuing the company at $6.2 billion, in 2020. The amount of the IPO funding was approximately $990 million, with a per-share price of $30.
Conclusion
2020 was a hectic year all over the world because of the pandemic. However, on the US stock market, a record number of 430 IPOs continued their trading along with 239 IPOs from 2019. Some of the top listed companies opened their share at a high price, overall which was not bad.
