Investors need to weigh carefully the affects of the pandemic on hot
IPOs.
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December and January aren’t typically busy months for initial public
stock offerings, but this time around, they’ll be an exception. Almost a
half dozen well-known tech startups, each already valued privately at
over $1 billion, have recently filed for IPOs, including Airbnb,
DoorDash, and Roblox.
They’re hoping to take advantage of strong investor appetite for tech
stocks, despite the pandemic, and to catch the coat tails of other tech
companies that have recently made successful debuts. Shares in cloud
database company Snowflake are up 129% since its September IPO and those
of data mining company Palantir are up 215% since its September listing. …
