Yahoo Finance IPOs Rebound in 2020: ETFs to Play
(0:45) - 2019 IPO Performance Overview
(4:15) - What To Expect From IPOs In 2020
(9:30) - Will Airbnb Use A Direct Listing?
(16:00) - Is Casper A Good IPO Investment?
(19:25) - Understanding Virgin Galactic’s IPO
(25:15) - Renaissance IPO ETF: IPO
(30:10) - Breaking Down Beyond Meat and Lyft
(34:00) - Episode Roundup: Podcast@Zacks.com
In this episode of ETF Spotlight, I speak with Kathleen Smith, chairman and co-founder of Renaissance Capital, a global IPO investment advisory firm.
2019 was expected to be one of the best years for IPOs but some of the most high profile offerings, including Uber UBER and Lyft LYFT, disappointed investors. It seems private money was chasing growth at all costs.
Things are starting to turn around for many of these companies. Uber has gained 36% this year, Beyond Meat BYND and Zoom ZM are up more than 50%. What lies ahead?
Shares of Casper Sleep CSPR, one of the most high profile IPOs so far this year, surged 13% on their first day of trading and then plunged. They are still trading below the IPO price, suggesting that public market investors have little interest in loss making companies.
Virgin Galactic SPCE, which has soared over 200% this year, took a different route to go public. It merged with Social Capital Hedosophia Holdings, a special purpose acquisition companies or SPAC.
Which IPOs should investors watch in 2020?
The Renaissance IPO ETF IPO provides diversified exposure to newly public companies before they join other core US equity indexes. Major indexes usually include newly public companies only after a “seasoning” period. For example, Facebook FB was included in the S&P 500 index about two years after going public.
IPO’s top holdings include Uber, DocuSign DOCU and Spotify SPOT. It has gained about 11% this year.
The Renaissance International IPO ETF IPOS holds recently listed international IPOs. Please visit Renaissance Capital to learn more about IPOs and these ETFs. If you have any comments or questions, please email podcast@zacks.com.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Facebook, Inc. (FB) : Free Stock Analysis Report
Renaissance International IPO ETF (IPOS): ETF Research Reports
Renaissance IPO ETF (IPO): ETF Research Reports
DocuSign Inc. (DOCU) : Free Stock Analysis Report
Spotify Technology SA (SPOT) : Free Stock Analysis Report
Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report
Uber Technologies, Inc. (UBER) : Free Stock Analysis Report
Beyond Meat, Inc. (BYND) : Free Stock Analysis Report
Virgin Galactic Holdings, Inc. (SPCE) : Free Stock Analysis Report
Lyft, Inc. (LYFT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
