With most of the IPO’s put-on hold in 2020, Companies are ready to go public in 2021.
The initial public offerings (IPOs) have started to pick up momentum after a long pause due to the global pandemic. As things are settling down quite smoothly and with investors bought into a staggering turnaround, IPOs are booming once again.
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The new IPOs have shown promising prospects with long-term growth. Moreover, along with IPOs, direct listings and acquisitions through SPACs have given breath to the stock market. Investors are finally feeling comfortable to put their stake in stocks.
The most recent IPOs include Centara (CERT), Airbnb (ABNB), DoorDash (DASH), and PubMatic (PUBM).
According to FactSet, almost 195% more IPOs were recorded during the third quarter year-over-year. With the rising IPO trend, will the upcoming IPOs be a profitable investment in 2021?
Let’s see the potential IPOs to look forward to going into 2021.
Bumble, a mobile dating app, is expected to go public in the first quarter of 2021. The app was launched in 2014 by Wolfe Herd and so far, it has grown its network to over 100 million users. It ranks below the leading dating app Tinder, which shows the potential of this online meeting platform.
Bumble is catching up fast and the future growth seems evident. The online dating industry has recorded a massive boom in the past couple of years. Every year more and more people are joining these dating apps. A generation of mobile-savvy singles is turning towards dating apps to make new connections during these tuff times.
In 2019, the private-equity firm Blackstone acquired most of Bumble’s parent firm, MagicLab, giving a total worth of $3 billion to the virtual dating app.
The initial public offering of the company is anticipated to have a value between $6 billion to $8 billion. Bumble is yet to decide its underwriter and is in discussion with them.
Bumble is an interesting stock that plans to capitalize on its captive customer base. It one to watch in 2021.
Roblox which delayed its IPO to the next year is an online gaming hub. The company not only provides an online gaming platform but also creates games itself. The increasing e-gaming industry has shown better growth opportunities, especially during the pandemic. Online gaming has soared during 2020 as people were isolated in their houses.
The IPO track record of online gaming platform has not been that convincing. But, Roblox is a bit different as its target audience is mostly teenagers. The company focuses on kids as it has more than a quarter of users under age 9 and 29% of them are between 9 and 12 years of age.
The company has created a platform that provides easy developing opportunities for developers. Roblox feature over 960K developers and has created over 18 million “experiences.”
The past nine-month record shows robust growth in the online gaming platform. The revenues soared up to 68% to $588.7 million. While the platform has over 31.1 million daily active users (DAUs) across 180 countries.
Analyst value Roblox to cross $8 billion quite easily on its IPO. So, it’s one upcoming IPO to look forward to in 2021.
The online grocery delivery network has become a basic platform for customers in 2020. The pandemic has flooded the online charts as most people have turned to online shopping.
Instacart was founded in 2010 when its founder Apoorva Mehta left his post at the biggest e-commerce platform, Amazon, to begin his startup.
Instacart his continuing to raise funds including $200 million from D1 Capital Partners and Valiant Peregrine Fund. In June, the company raised $225 million from DST Global and General Catalyst.
The company is expected to go public in the first half of 2021 with a current valuation of over $17 billion. The company has increased more than $10 billion since the start of 2020. The online grocery platform has access to over 30,000 stores with 80% of customer target in the U.S. and 70% in Canada.
The prospects seem encouraging and with the evolving online industry, Instacart has the potential to go big in the next five to ten years. So, keep Instacart on your cards for 2021.