2019 was a massive year for the stock market, both good and bad, considering that the year began with a record-breaking government shutdown that slowed growth during quarter 1. IPO’s like Uber, Lyft, and Beyond Meat made disruptive initial public offerings that caught media attention around the world—though the former were not as successful as the latter. Other companies like WeWork and Airbnb have seen struggles on their path to becoming publicly traded companies. But while some of the household names were garnering most of the media attention, they were seldom the most successful public market entries of the year. Below we’ve compiled a list of 2019’s 5 best performing IPO’s to show that it’s often the quiet entrances that garner the biggest earning in the stock market.
5 Of 2019’s Best Performing Stock Market Entrances – Why This Matters Going Into 2020
Turning Point Therapeutics (Nasdaq: TPTX)
When Turning Point Therapeutics filed its initial public offering back in April it sold a possible 9.25 million shares at around $18 each. After more rounds of funding throughout the summer brought the company more than $200 million, shares are now being sold in the $45-$50 range. While other medical-industry stocks like Pfizer saw a slight decline over the last year, Turning Point Therapeutics’ IPO was considered one of the most successful.
Silk Road Medical (Nasdaq: SILK)
Silk Road Medical is another medical industry company that is disrupting the public market after a more than successful IPO earlier this year. The company’s shares were originally priced at just $20 when it went public in April, but the stocks were so immediately successful they were soon priced above $30, climbing to nearly $50 before the end of the summer.
Crowdstrike Holdings (Nasdaq: CRWD)
While many consumer-facing brands saw difficult entries into the public market in 2019, the cybersecurity technology company Crowdstrike Holdings saw one of the most successful IPO’s this year. The company provides encryption security, cloud-based strategies for maintaining security, and response services for cyberattacks.
It’s no surprise that these types of companies are particularly successful in the rise of the Cambridge Analytica scandal, but Crowdstrike Holdings’ stock has done particularly well. Share prices in the company soared nearly 100% in the first week of going public, and stocks remain profitable today.
Beyond Meat (Nasdaq: BYND)
Beyond Meat earned a historical entrance into the public market when it delivered its IPO back in the spring of this year. The food tech company sold its shares for $25 each back in May before prices soared over the course of the summer. The return may not have been as instantaneous as companies like Crowdstrike Holdings’ entrances, but investors have more than tripled their money in less than a year since Beyond Meat went public.
Now that climate change is one of the most significant topics in today’s media, we can assume that companies that aim to tackle the problem head on will become wildly successful in the future.
Zoom (Nasdaq: ZM)
Analysts seemed hopeful that rideshare companies like Lyft and Uber would have a successful entrance into the stock market in 2019 only to reveal that neither would prove profitable by the end of the year. Zoom, however, became an overnight success after its shares more than doubled in value just a day after going public.
The business communications company has proven to be one of the most successful entrances into the stock market, earning a title as the most valuable tech company to go public in 2019.