Connect with us

Self-Sufficient Living Portal

Self-Sufficient Living Portal

Post-pandemic era These 10 stocks have spiked more than 100% after IPOing this year


Post-Pandemic Era

Post-pandemic era These 10 stocks have spiked more than 100% after IPOing this year

NasdaqInitial public offerings have surged since March, when the broader market began to recover from the coronavirus-induced rout, according to Bespoke Group. The Renaissance IPO Index has gained nearly 78% from its March low through Friday, June 5, Bespoke said in a recent blog post. That’s about double the performance of the S&P 500 in…

Post-pandemic era

Nasdaq

  • Initial public offerings have surged since March, when the broader market began to recover from the coronavirus-induced rout, according to Bespoke Group.
  • The Renaissance IPO Index has gained nearly 78% from its March low through Friday, June 5, Bespoke said in a recent blog post.
  • That’s about double the performance of the S&P 500 in the same period.
  • Here are the top 10 IPOs of 2020, according to Bespoke Group. All have gained more than 100% this year through June 5.
  • Read more on Business Insider.

As the market rebounds from the March coronavirus pandemic-induced rout, initial public offerings are surging, according to data from Bespoke Group.

The Renaissance IPO Index, which tracks the activity of newly public companies, peaked in February and then slumped 38.2% in March, roughly in step with the broader market, Bespoke Group wrote in a Monday blog post.

But from March through Friday, June 5, the index has surged nearly 78% as IPOs rush back to the market. That’s roughly double the performance of the S&P 500 index in the same timeframe, according to the report.

Read more:‘The real opportunity is in individual stocks’: A Wall Street research chief shares 5 picks that are poised to thrive in a world after COVID-19 – including a retailer that could double from today’s levels

IPOs have also done well on an individual level in the same timeframe, according to Bespoke Group. So far in 2020 through June 5, there have been 72 companies that’ve announced initial public offerings. Of those, 24 have started trading, and three have withdrawn.

“On average, these stocks are up 76.39% from their IPO,” Bespoke wrote in the report. “Fitting for a year with a global pandemic, the bulk of these IPOs have been Health Care names.”

Here are the top 10 performing IPOs this year through June 5, ranked in order of lowest to highest gains, according to data from Bespoke Group.



10. Black Diamond Therapeutics

Markets Insider

Ticker:BDTX

Sector: Healthcare

IPO date: 1/3

IPO price: $19.00

Close price June 5: $38.38

% gain from IPO through June 5: 102%

Source: Bespoke Group



9. REVOLUTION Medicines

Markets Insider

Ticker:RVMD

Sector: Healthcare

IPO date: 1/17

IPO price: $17.00

Close price June 5: $35.17

% gain from IPO through June 5: 106.88%

Source: Bespoke Group



8. ZoomInfo

Markets Insider

Ticker:ZI

Sector: Healthcare

IPO date: 2/27

IPO price: $21.00

Close price June 5: $43.75

% gain from IPO through June 5: 108.33%

Source: Bespoke Group



7. Keros Therapeutics

Markets Insider

Ticker:KROS

Sector: Healthcare

IPO date: 3/16

IPO price: $16.00

Close price June 5: $34.91

% gain from IPO through June 5: 118.19%

Source: Bespoke Group



6. 1Life Healthcare

Markets Insider

Ticker:ONEM

Sector: Healthcare

IPO date: 1/3

IPO price: $14.00

Close price June 5: $32.79

The Most Powerful Sale & Affiliate Platform Available!

There's no credit card required! No fees ever.

Create Your Free Account Now!

% gain from IPO through June 5: 134.21%

Source: Bespoke Group



5. ORIC Pharmaceuticals

Markets Insider

Ticker:ORIC

Sector: Healthcare

IPO date: 2/28

IPO price: $16.00

Close price June 5: $38.03

% gain from IPO through June 5: 137.69%

Source: Bespoke Group



4. Inari Medical

Markets Insider

Ticker:NARI

Sector: Healthcare

IPO date: 2/21

IPO price: $19.00

Close price June 5: $48.85

% gain from IPO through June 5: 157.11%

Source: Bespoke Group



3. Zentalis Pharmaceuticals

Markets Insider

Ticker:ZNTL

Sector: Healthcare

IPO date: 3/6

IPO price: $18.00

Close price June 5: $48.73

% gain from IPO through June 5: 170.72%

Source: Bespoke Group



2. IMARA

Markets Insider

Ticker:IMRA

Sector: Healthcare

IPO date: 2/14

IPO price: $16.00

Close price June 5: $50.00

% gain from IPO through June 5: 212.5%

Source: Bespoke Group



1. Schrodinger

Markets Insider

Ticker:SDGR

Sector: Healthcare

IPO date: 2/5

IPO price: $17.00

Close price June 5: $63.65

% gain from IPO through June 5: 274.41%

Source: Bespoke Group


Subscribe to the newsletter news

We hate SPAM and promise to keep your email address safe

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Top Stories

Self-Sufficiency Living

To Top