Last year was less compelling for most initial public offerings (IPOs) following the underwhelming performance of Uber Technologies (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT) IPOs. We saw WeWork postpone its IPO with Beyond Meat (NASDAQ:BYND) emerging as the unlikely star. There was a 50% surge in IPO withdrawals last year and this coupled with ineffective listings of some companies spooked markets. Despite these uninspiring events, there are potential IPOs expected and some have already listed this year.
Lemonade Inc. (NYSE:LMND)
Lemonade floated its shares early this month and saw its stock almost double on the first day of trading. The pre-IPO price was $29 but on the first day, it traded at $64 and in the process raised $319 million. This insurtech company is disrupting the insurance space and it offers insurance to homeowners and renters but will expand its offering going forward.
This vacation booking company is one of the hot IPOs expected this year. Airbnb indicated last year that it will go public this year as it seeks to satisfy its employees that have waited to cash in their stock options. In the second quarter, the company’s revenue hit $1 billion and its IPO valuation is approximately $31 billion.
Casper Sleep Inc. (NYSE: CSPR)
Casper Sleep was among the highly anticipated IPOs this year with the unicorn having attained a valuation of over $1 billion at the beginning of last year. This online mattress company went public in February but had to slash its IPO price due to investor pressure. Casper priced its IPO at $12 per share below its initial target range of $17-$19.
Jamf Holdings Corp (NASDAQ:JAMF)
Jamf went public last week at $26 and as of Monday, its stock was up 55%. Jamf offers cloud-based security solutions focused on Apple Inc. (NASDAQ:AAPL) devices. By the end of June, there were over 40,000 users that had deployed the company’s solutions in 17 million devices.
Asana announced in February that it will go public this year through a direct listing. The company offers workplace team collaboration solutions and it faces competition from the likes of Slack Technologies (NYSE:WORK). Its IPO valuation is around $1.5 billion.