How hot or not is the stock market? Recent high-profile US IPOs: How they have performed

The U.S. IPO Market is set to have its best week in 2021, as ebullient equities fuelled by robust debuts of notable newcomers are driving the market.

renewed enthusiasm

After tariff-driven volatility in the early part of the year, the long-awaited recovery was held up by new issues.

The Winklevoss Twins' crypto-exchange Gemini and Swedish fintech Klarna are both set to list shares this week in New York, while StubHub will be going public next week.

Many would-be issuers are encouraged to test investor interest by the eye-popping performance of high-profile names.

In the days after their debuts, the IPO price of stablecoin and design software giant Circle soared by 333% and 864% respectively. This shows how investors are eager to back companies that they believe will be future winners.

This is how the S&P 500 benchmark has performed against an ETF that tracks major newly-public stocks over the last year.

Here's a look at some of the largest IPOs from recent years:

BULLISH:

CoinDesk, the parent company of the crypto news website CoinDesk, raised $1.11 billion by sizing up its IPO. Stocks of the company opened at more than twice their IPO price on NYSE but have since dropped 40%.

FIREFLY AEROSCAPE:

Northrop Grumman's space technology firm raised $868.3 millions by launching an IPO that was larger than expected and priced higher than the range. The Nasdaq opened its stock at a price that was nearly 56% higher than the IPO.

The stock closed Tuesday at a price that is 36% lower than the opening price of its first day.

FIGMA:

Figma, a design software company, raised $1.22billion in its IPO. It ended its first day at the NYSE in July with a 250% gain.

The price of its shares is now 61% higher than when it was first listed and 37% lower than what it opened at.

CHIME:

The Financial Technology Company priced its IPO at a price above the range marketed, raising $864 Million in June.

The stock price is nearly 10% lower than the IPO price.

CIRCLE INTERNET

Stablecoins raised $1.05bn in a larger IPO in early June. The company debuted with a valuation near $18 billion, on a fully diluted base.

The stock price closed about 168% higher than the IPO. As of the last close, the stock is trading at about 281% over its IPO price.

ETORO:

eToro, the Robinhood rival, secured a valuation $5.64 billion following a 34% surge in its Nasdaq debut.

In an IPO that was upsized, the stock and cryptocurrency trading platform raised 620 million dollars. Since then, its stock price has fallen by nearly 35%. COREWEAVE:

In March, the AI cloud company's Nasdaq launch was muted. However, despite its opening price being nearly 3% lower than its current offer price, the stock has now more than doubled.

Nvidia's company raised $1.5 billion during its initial public offering, valuing it at $23 billion when fully diluted.

VENTURE GLOBAL LNG:

In January, the liquefied gas exporter reached a valuation of $1.75 billion. This is less than half what it had originally hoped for.

In a subdued NYSE launch, the company's shares were opened at a price nearly 4% lower than their IPO. The value of the stock has almost halved.

SAILPOINT:

In their Nasdaq debut the shares of identity security company Thoma Bravo, which is backed by Thoma Bravo, traded flat. This valued it at $12.80 billion. Since then, the stock has lost almost 10%.

Austin, Texas based company raised $1.38 Billion in an increased IPO.

ARM HOLDINGS

In September 2023 the chip designer raised $4.87billion in its offering, which valued it at $54.5billion. It sought to be valued at up to $52 billion.

Shares of the company rose by 10% at open. Since then, the stock has more that doubled.

INSTACART:

In its IPO, the San Francisco-based Maplebear company was priced at the upper end of the range. In September 2023, it raised $660m at a valuation of nearly $9.9billion.

It raised its price range proposed and targeted an evaluation of up to 10 billion dollars.

Stocks of the grocery delivery app soared 40% at opening and have since risen about 8%.

VIKING HOLDINGS

In April of last year, the cruise operator raised $1.54billion in its IPO. This valued it at $10.35billion. The cruise operator had sought to value the company at up to $10.8 billion.

Viking's shares were opened at 9% over their initial offer price, and they have since more than doubled. STANDARDAERO:

In October of last year, the aircraft maintenance service provider raised $1.44 billion by pricing its offering over range. The initial target was a valuation up to $7.69billion.

Shares of the Carlyle-backed firm began trading at 29% over the offer price. Since then, they have lost about 14%.

LINEAGE:

Cold storage real estate trust raised $4.45billion in its listing on July 20, 2024 at a valuation exceeding $18billion. It had set a target of a valuation up to $19.16 billion.

Stocks of the company rose 5% at open on Nasdaq. It has however fallen by 49% from its opening price.

REDDIT:

Social media giant Facebook raised $748 million at its IPO last March, valuing it at $6.4 Billion -- the upper end of the target range that it advertised.

Stocks opened at 38% over the offer price and have risen more than fivefold since.

BIRKENSTOCK:

The German sandal manufacturer, which is 250 years old, raised $1.48 Billion and was valued at $ 9.3 Billion in its IPO of October 2023. This was slightly less than its $10 billion target.

The shares of this company debuted at a price 11% lower than their IPO but have risen by 15.5% since.

** Please note: Stock performance is calculated based on the opening trade unless otherwise stated. ** Sources: filings, LSEG and'reports

(source: Reuters)