In 2019, 211 initial public offerings (IPOs) raised a total of $62.3 billion, much-exceeding analyst predictions. Airbnb, Palantir Technologies, and DoorDash are among the major startups that will go public in 2020. According to the Wall Street Journal, corporations will raise approximately $167 billion through IPOs in 2020. A successful investor’s ability to spot exceptional companies in their early phases distinguishes them from average investors. Facebook, Inc. and Apple, Inc. are two instances of well-known stocks. Over the last five years, the former has increased by around 186 percent, while the latter has increased by more than 400 percent.
Insider Monkey analyzes the list of the best young stocks to buy. In April 2021, the firm raised $1.8 billion in its first public offering, with the stock price jumping 18.5 percent. Since its IPO, AppLovin Corporation has risen 41.55 percent. Software and consumer revenues are expected to produce solid Q3 earnings, according to the firm’s analyst. On August 27, 2020, Xpeng Inc. went public, raising $1.5 billion. With $461 million in shares, Coatue Management is the company’s largest shareholder. In the last year, the stock has increased by 119.9%. On July 28, 2021, Robinhood Markets, Inc. launched its initial public offering. The business raised $32 billion by selling over 52 million shares. The number of monthly active users reached 21.3 million, up 109 percent year over year. Insider Monkey counted 21 hedge funds had positions in the company in the third quarter, up from 13 the previous quarter. These interests are worth more than $2.13 billion in total. On December 15, 2020, Upstart Holdings, Inc. became public. On September 28, Amplitude, Inc. went public. On the first day of trading, the stock gained 9%. The company recorded revenue of $39.3 million in Q2 2021, up 66 percent from the previous quarter. For more details, click 11 Best Young Stocks To Buy.
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