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Upcoming IPOs to Watch and Recent IPO Performance

You may be hearing about hot stocks that are set to make their Initial Public Offering (IPO), whether it’s through your own research or questions from clients. Any company that goes public offers the potential for promising returns—yet while shares of some newly-listed stocks like Airbnb (ABNB), SoFi Technologies (SOFI), and Lucid Group (LCID) have soared in the short time since their IPOs, other names such as Coinbase (COIN), DiDi Global (DIDI), and Toast (TOST) have slid considerably.

It’s with this in mind that we’ll prep you with everything you need to know about upcoming IPOs, as well as reviewing the performance of companies that have recently gone public. To start, here’s the rundown on 10 prominent companies that are expected to IPO soon:

 

Upcoming IPOs: Companies That Have Officially Filed for an IPO

1. Allbirds

  • Ticker symbol: BIRD
  • Sector: Consumer Cyclical
  • Exchange: NASDAQ
  • Expected IPO date: October 2021
  • Estimated Valuation: $1.7 billion (as of January 2020)

Eco-friendly shoemaker Allbirds submitted IPO paperwork on August 31st, 2021. Allbirds is a direct-to-consumer shoe brand best known for its wool runners—the company claims its footwear carries 30% less carbon footprint than regular trainers. Allbirds most recently raised $25 million in January 2020, despite losing $25.9 million on $219 million of revenue in 2020, and is seeking to join a footwear industry that has had a successful 2021 thus far:

Under Armour (UAA), Foot Locker (FL), Skechers (SKX), Nike (NKE) price and TTM revenue change 2021 YTD

Download Visual | Modify in YCharts

 

2. Authentic Brands Group

  • Ticker symbol: AUTH
  • Sector: Consumer Cyclical
  • Exchange: NYSE
  • Expected IPO date: Fall 2021
  • Estimated Valuation: $10 billion

If you shop at Brooks Brothers, Eddie Bauer, Nine West, or Reebok—to name a few—then you might be pleased to know the parent company of those brands is going public. Authentic Brands Group filed for its IPO on July 6th, 2021, seeking to raise $100 million from the initial offering. With trailing twelve months (TTM) revenue of $529 million and net income margin of 87%, investors are highly anticipating the IPO of Authentic Brands.

 

3. Fresh Market Holdings

  • Ticker symbol: TFM
  • Sector: Consumer Staples
  • Exchange: NASDAQ
  • Expected IPO date: Fall 2021
  • Estimated Valuation: $10 billion

The Fresh Market is a convenience-focused grocery chain, operating 159 stores across 22 states, whose niche is emulating European-style fresh food markets. Focused on providing high-end & specialty foods, restaurant-quality & ready-to-cook meals, and hard-to-find ingredients, the company is making its second attempt in the public markets. Back in 2016, competition from big-box grocers led the company to accept a nearly $1.4 billion cash buyout from private equity firm Apollo Global. In 2020, The Fresh Market was profitable on $1.9 billion of revenue, making it one of the most interesting IPO storylines for 2021.

 

4. iFIT Health & Fitness

  • Ticker symbol: IFIT
  • Sector: Technology
  • Exchange: NASDAQ
  • Expected IPO date: October 2021
  • Estimated Valuation: $7 billion

If you’re active, chances are you’ve run on a NordicTrack treadmill or sweat on a ProForm elliptical machine. These brands are child companies of iFIT, a global health & fitness technology company that secured a $200 million round of funding in late 2020, bringing its valuation to $7 billion. Having acquired women’s digital health & fitness platform Sweat in July 2021, iFIT is expanding its product line and gearing up to be IPO-ready.

 

5. Warby Parker

  • Ticker symbol: WRBY
  • Sector: Consumer Cyclical
  • Exchange: NYSE
  • Expected IPO date: September 29th, 2021
  • Estimated Valuation: $10 billion

Eyecare industry disruptor Warby Parker is set to make its public debut on September 29th, the day this article was first published. The company designs quality eyewear in-house and sells them at affordable prices using a direct-to-consumer model. Despite widening losses on growing revenue—a $55.9 million net loss on nearly $400 million of revenue in 2020—Warby Parker is ready for its place on the Wall Street ticker tape, offering 77.7 million shares at $25 each.

 

Upcoming IPOs: Companies Expected to Go Public Soon

6. Rivian

Describing itself as an “electric adventure maker”, Rivian is an up-and-coming, battery-powered vehicle maker producing all-electric pickup trucks, SUVs, and vans. Rivian is arguably best known for inking a deal with Amazon to produce 100,000 electric vans, 10,000 of which the e-commerce giant plans to have on the road by 2022. While the deal is promising, Rivian—in its confidential IPO filing on August 27th—is eyeing a valuation between $70 billion and $80 billion. Having raised around $10.5 billion in funding since 2019, Rivian’s lofty valuation is justified in the eyes of some, but others are looking towards the full release of its financial statements to better understand the company’s financial position.

 

7. Instacart

Instacart is another of 2021’s highly-anticipated IPOs, but it’s possible the grocery delivery app defers its public debut to 2022. Despite working with Goldman Sachs (GS) since last year on an IPO, Instacart is also considering going public via a direct listing. As a major beneficiary of the pandemic-induced “stay-at-home” trend, Instacart has received several rounds of funding, the latest of which from March 2021 entailed $265 million at a $39 billion valuation. Given that competing food delivery platform DoorDash (DASH) went public at a $32 billion valuation and soared to as much as $70 billion on its first day of trading, it’s not unreasonable to think Instacart might follow the same trajectory.

DoorDash price change and market cap growth 2021 YTD

Download Visual | Modify in YCharts

 

8. Nerdwallet

People searching for a credit card, loan, insurance plan, or other financial instrument have likely gone to “Trust the Nerds” of Nerdwallet. The blog provides comprehensive reviews and recommendations of financial products, as well as a wealth of personal finance advice. Not only is Nerdwallet’s US user base growing rapidly, but the company has expanded to the UK by acquiring British counterpart Know Your Money. Nerdwallet confidentially submitted IPO paperwork on May 14th, and is reportedly seeking a valuation as high as $5 billion.

 

9. Chime

Chime is a banking services provider that’s known for its “member first” financial benefits, such as early paycheck deposits, a credit-building program, and no fees on overdrafts, monthly services, or cash-transfers. The company partners with regional banks and utilizes a no-frills, fully digital approach to achieve these offerings. In August 2021, Chime raised $750 million at a valuation of $25 billion. Last September, CEO Chris Britt said he wanted Chime to be IPO-ready in the next 12 months, and as the end of that timeframe approaches, a Chime IPO could be just around the corner in time to take advantage of a high-flying FinTech industry:

American Express (AMEX), SoFi Technologies (SOFI), PayPal (PYPL), Square (SQ), Visa (V), Mastercard (MA) price changes 2021 YTD

Download Visual | Modify in YCharts

 

10. Stripe

Currently, only about 3 percent of global business takes place online, and Stripe’s goal is to grow that figure through its e-commerce infrastructure offerings. Businesses of all sizes—from startups to large-cap companies such as Amazon (AMZN) and Salesforce (CRM)—use Stripe’s software to process payments, manage spend accounts, and track performance with analytics tools. Though no IPO filing has been made, in March 2021 Stripe raised $600 million at a $95 billion valuation, tripling its value from what it was the year before.

 

Recent IPO Performance

Below is a list of 20 prominent companies that have gone public in 2021. The table contains each stock’s IPO date, ticker symbol, IPO price, current trading price, price return since the first trading day, and current market capitalization.  (All data as of September 29th, 2021)

 

Click to Modify This Table in YCharts

 

IPOs from Q1 2021

Poshmark (POSH), Petco (WOOF), Qualtrics (XM), loanDepot (LDI), Roblox (RBLX), Sun Country (SNCY), SEMRush (SEMR) all time total returns 2021 YTD

Download Visual | Modify in YCharts

IPOs from Q2 2021

Frontier (ULCC), Coinbase (COIN), Squarespace (SQSP), Ziprecruiter (ZIP), LegalZoom.com (LZ) all time total returns 2021 YTD

Download Visual | Modify in YCharts

IPOs from Q3 2021

Krispy Kreme (DNUT), Duolingo (DUOL), PowerSchool (PWSC), Robinhood (HOOD), Riskified (RSKD), Toast (TOST), Argo Blockchain (ARBK), Sovos Brands (SOVO) all time total returns 2021 YTD

Download Visual | Modify in YCharts

 

Using YCharts to Research IPOs

YCharts has several tools that make it easy to find companies that have recently gone public, and compare fundamentals and performance of each using hundreds of metrics. 

Stock Screener

In the Stock Screener, users can select from pre-built templates such as “Recent Positive IPOs” and “Recent Negative IPOs”, which show periodic returns for all companies that have IPO’d in the last year on major exchanges. Below are a few of the approximately 400 results that the Recent Positive IPOs screen returned:

IPO Stock Screener

For a more in-depth tutorial on using the Stock Screener to find IPOs, check out our Screening for Hot Stocks in an IPO Boom video here:

 

Comp Tables

If you already have some IPO stocks in mind, Comp Tables are a great way to compare those companies across hundreds of financial and informational metrics. Simply punch in the ticker symbols—or pull in all the companies on a Watchlist—and select the metrics for comparison. 

Comp Tables data can be exported straight to Excel or even downloaded into client-ready, printer-friendly PDF Reports—like the one below—for easier presentation and analysis:

PDF Report of Most Prominent IPOs in 2021

Download Example PDF Report

 

Watchlists

Stocks that have just gone public can be volatile, so it’s important to stay on top of any major movements. Once you’ve found some recent IPOs of interest, easily add them into a Watchlist on your Dashboard along with relevant metrics such as IPO date, revenue & EPS estimates, and YTD returns.

To customize a Watchlist, click the Options dropdown, then Add Info Column to Data View or Add Metric to Data View, and select the information that you’d like to see at-a-glance on the Watchlist.

Directly listed IPO dashboard

 

Custom Email Reports

Better yet, let YCharts do the work of keeping you up-to-date. With Custom Email Reports, you can build a report in just a few clicks that delivers information about that Watchlist of IPO Stocks straight to your inbox, as often as daily.

Below is a Custom Email Report that was created in a user’s YCharts account, showing recent performance and informational data of an IPO-focused Watchlist:

Recent IPO Performance Email Report

 

The IPO market is alive and well, and the lists above—which will be updated regularly—provide you with the information you need to know about the latest upcoming and recent IPOs. Combine them with the extensive set of tools provided by YCharts to drill down on IPOs, and you’ll be finding the next best investment for your clients’ portfolios in no time.

 

Connect with YCharts

To get in touch, contact YCharts via email at hello@ycharts.com or by phone at (866) 965-7552

Interested in adding YCharts to your technology stack? Sign up for a 7-Day Free Trial.

 

Disclaimer
©2021 YCharts, Inc. All Rights Reserved. YCharts, Inc. (“YCharts”) is not registered with the U.S. Securities and Exchange Commission (or with the securities regulatory authority or body of any state or any other jurisdiction) as an investment adviser, broker-dealer or in any other capacity, and does not purport to provide investment advice or make investment recommendations. This report has been generated through application of the analytical tools and data provided through ycharts.com and is intended solely to assist you or your investment or other adviser(s) in conducting investment research. You should not construe this report as an offer to buy or sell, as a solicitation of an offer to buy or sell, or as a recommendation to buy, sell, hold or trade, any security or other financial instrument. For further information regarding your use of this report, please go to: ycharts.com/about/disclosure

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