Newly Listed Stocks Are On Fire

Newly Listed Stocks Are On Fire
Andrew Rummer

about 3 years ago1 min

Mentioned in story

  • After four years of indifferent performance, newly listed US stocks are doing much better than the overall market in 2020.
  • The chart shows the Renaissance IPO ETF – which tracks companies to have sold shares in an initial public offering (IPO) in the past two years – divided by the benchmark S&P 500.
  • The IPO ETF has doubled so far this year, while the S&P 500 is up just 15%.
  • The ETF’s biggest holdings, as of September, were video-calling service Zoom, taxi app Uber, cybersecurity firm CrowdStrike, biotech researcher Moderna, and photo-sharing site Pinterest.
  • Uber is up 70% year-to-date, CrowdStrike 204%, Pinterest 273% – and Zoom and Moderna more than 500%.
  • Newly-listed stocks tend to be high-growth companies, the kind of investments that have been in high demand in recent months.


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