In recent weeks, we have seen a frenzy of prominent tech IPOs with, at best, mixed results for investors. Ride sharing company Lyft launched on 28 March 2019 and saw its share price decline 17% within the first month of trading. Its bigger rival Uber fared even worse, debuting on 9 May 2019 and declining 17.6% in the first three days of trading. Since then, the stock has recovered somewhat, but it is still significantly below its IPO price. On the other hand, foodtech company Beyond Meat launched on 1 May 2019 and tripled its share price in the first three days of trading.
Putting the IPO boom into perspective
Putting the IPO boom into perspective
Putting the IPO boom into perspective
In recent weeks, we have seen a frenzy of prominent tech IPOs with, at best, mixed results for investors. Ride sharing company Lyft launched on 28 March 2019 and saw its share price decline 17% within the first month of trading. Its bigger rival Uber fared even worse, debuting on 9 May 2019 and declining 17.6% in the first three days of trading. Since then, the stock has recovered somewhat, but it is still significantly below its IPO price. On the other hand, foodtech company Beyond Meat launched on 1 May 2019 and tripled its share price in the first three days of trading.