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The minute there’s any kind of worry, markets correct and deals get priced more conservatively and they don’t get done,” Smith said.Ģ021’s big-name companies range from communication services and consumer discretionary to fintech and materials. “We can’t be so sure that the tech IPOs will be the ones at the top of the 2021 list. With two COVID-19 vaccines now authorized in the U.S., one potential shift is a so-called return to normalcy that may not favor growth-oriented healthcare and tech companies, and instead may benefit cyclical names that aren’t as high-flying. IPO this year was 75.4%, compared to last year’s 24.4% and 2018’s -1.9% loss. The Renaissance IPO ETF ( IPO) is up 119% this year compared to the S&P’s overall 14.3% gain, logging its best year ever.
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Overall, this year’s slate of public offerings performed extraordinarily well during and after their IPOs. (Photo by Ian Tuttle/Getty Images for Roblox) BURLINGAME, CALIFORNIA - AUGUST 10: David Baszucki, founder and CEO of Roblox, presents at the Roblox Developer Conference on Augin Burlingame, California.
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