{"id":21321,"date":"2021-08-13T10:17:33","date_gmt":"2021-08-13T14:17:33","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=21321"},"modified":"2021-08-13T10:17:33","modified_gmt":"2021-08-13T14:17:33","slug":"heading-into-labor-day-2021-ipos-by-the-numbers","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/heading-into-labor-day-2021-ipos-by-the-numbers\/","title":{"rendered":"HEADING INTO LABOR DAY: 2021 IPOs by the Numbers"},"content":{"rendered":"

<\/p>\n

Who needs a breather?<\/p>\n

The IPO market is on a frenetic pace by all metrics. The speed has been exacerbated by the quantity of new issues that came to market in July. \u00a0July brought a total of 54 IPOs for $16.9b in cash raised<\/strong>. A few more IPOs trickled in during the month of August to bring the grand total (thus far) for 2021 to 236 IPOs raising $94.2b.\u00a0<\/strong><\/p>\n

Among those deals there have been aftermarket winners and losers. And overall, IPOs in 2021 have\u00a0traded down<\/strong> once hitting the IPO market. The average first trade of the 236 IPOs we track (we do not track SPACs or direct listings) is\u00a0+20.4% versus issue.\u00a0<\/strong>The same 236 IPOs, as of August 13, are trading at only +10.4% versus issue price<\/strong>. February, in partcular, is weighing down the entire year as\u00a025 IPOs came to market with an average opening of +36.8%.\u00a0<\/strong>Those same 25 IPOs are now trading at-19.6%<\/strong> versus issue, collectively. \u00a0Fifteen of the 25 deals that month were from the biotech sector which is\u00a0“feeling”\u00a0<\/strong>the effects of valuation sensitivity since the early stages of 2021.<\/p>\n

Interestingly enough,\u00a0102 IPOs of the 236<\/strong> that have debuted this year are currently trading under the issue price.\u00a0<\/strong><\/p>\n

Winners and losers…we want names! It’s time to break down the best and worst of the year thus far.<\/p>\n

Top Five Winners at Opening Trade<\/strong><\/p>\n

    \n
  1. Vor Biopharma, Inc. +133.4%<\/span><\/li>\n
  2. Poshmark Inc. +132.1%<\/span><\/li>\n
  3. Cullinan Management +100%<\/li>\n
  4. Janux Therapeutics +100%<\/li>\n
  5. Aerovate Therapeutics, Inc. +100%<\/li>\n<\/ol>\n

    Top Five Winners Now vs. Issue<\/strong><\/p>\n

      \n
    1. Verve Therapeutics, Inc. +200.4%<\/span><\/li>\n
    2. ZIM Integrated Shipping +199.0%\u00a0<\/span><\/li>\n
    3. Doximity Inc +189.4%<\/li>\n
    4. Global-E Online Ltd. +182%<\/span><\/li>\n
    5. DLocal Limited +147.2%<\/span><\/li>\n<\/ol>\n

      Top Five Losers at Opening Trade<\/strong><\/p>\n

        \n
      1. Home Point Capital Inc. -26.2%<\/li>\n
      2. ZIM Integrated Shipping -23.3%<\/li>\n
      3. Cricut Inc -21.0%<\/li>\n
      4. Stevanato -20.7%<\/li>\n
      5. Zenvia, Inc. -20.4%<\/li>\n<\/ol>\n

        Bottom Five Now vs. Issue<\/strong><\/p>\n

          \n
        1. Waterdrop Inc. -71.3%<\/span><\/li>\n
        2. Cloopen Group Holding Limited -70.8%<\/span><\/li>\n
        3. Zymergen Inc. -66.6%<\/span><\/li>\n
        4. Achilles Therapeutics Inc. -63.9%<\/span><\/li>\n
        5. Home Point Capital Inc. -63.6%<\/span><\/li>\n<\/ol>\n

          Top Five Largest Deals — 20 IPOs raised more than $1bn\u00a0<\/strong><\/p>\n

            \n
          1. Didi Global, Inc. – \u00a0$4.435bn<\/li>\n
          2. Coupang Inc. – \u00a0$4.2bn<\/li>\n
          3. Bumble Inc. – $2.15bn<\/li>\n
          4. Robinhood Markets, Inc. – $2.09bn<\/li>\n
          5. Applovin Corporation – $2.0bn<\/li>\n<\/ol>\n

            It should be noted that the 20 IPOs that raised more than $1bn are trading at +2.0% versus issue. Those same 20 IPOs opened +27.9%.<\/strong><\/p>\n

             <\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":12986,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[2058,1536],"tags":[],"class_list":["post-21321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spotlight","category-subscriber-content"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/21321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=21321"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/21321\/revisions"}],"predecessor-version":[{"id":21322,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/21321\/revisions\/21322"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media\/12986"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=21321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=21321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=21321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}