Home IPO 5 Tech IPOs to Watch for in 2020

5 Tech IPOs to Watch for in 2020

by TradingETFs.com

Last year’s newly public companies were a mixed bag, but 2020 brings a brand new crop of tech IPOs. 

Of the highest-profile unicorns that went public last year, we’ve seen several lackluster performances so far: Shares of Uber (UBER) – Get Report, Lyft (LYFT) – Get Report, Slack (WORK) – Get Report and Pinterest (PINS) – Get Report are each off at least 20% since their respective IPOs, while WeWork’s public offering imploded in infamously dramatic fashion late last year.

This year will likely bring less unicorn hype, but several tech firms valued in the multi-billion range are looking to trot out into the arena regardless.  

“2019 was an exceptional year as several highly valued but very unprofitable companies went public, or at least tried to go public, and were met with relatively dismal performance by public investors,” said Paul Condra, lead analyst at Pitchbook. “On the other hand, smaller software and tech companies with easier to understand business models and clearer paths to profitability did quite well. Looking forward to this year, I expect successful IPOs will again fall into this latter group.”

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