What are the current trends when it comes to IPOs? These are mainly companies with a focus on green energy, biotechnology, retail brands and, to some extent, the financial sector. A number of companies will see the stock market revive this year with their IPOs.
Some of the most anticipated IPOs include those of Instacart, Stripe, Fortnite owner Epic games, sportswear retailer Fanatics and digital banking provider Chime. A listing, or IPO, is specific to each individual company. In the case of Instacart, an American retail company that operates grocery delivery in the United States and Canada, plans for an IPO have been pushed back as far as 2021.
Over the past 4 months, Nextracker's IPO is considered to be the most significant. The latter raised $638.4 million through an initial public offering. Shares rose 26% after the listing. This company focuses on manufacturing solar energy tracking systems that help maximize the performance of large-scale energy systems. In its IPO, Nextracker sold 26.6 million shares at $24, exceeding expectations. If you're following the IPO market right now, most companies will go in this direction in the second half of the year. [1] Investors will be looking mainly at whether newly listed companies are profitable, focusing on trending sectors, and those that are not sensitive to rising interest rates.
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Nextracker's performance since listing (Source: Investing)
* Past performance is no guarantee of future results.
[1] Forward-looking statements are based on assumptions and current expectations, which may be inaccurate, or the current economic environment which may change. Such statements are not guarantees of future performance. They involve risks and other uncertainties that are difficult to predict. Results may differ materially from those expressed or implied by any forward-looking statements.
