Here's Who Has Gone Public In 2020 (So Far) - Crunchbase News

New year, new list.

Last year saw a long list of high-profile unicorns finally go public. Companies like Slack, Lyft and Uber all made their public debuts, to mixed initial results. This year was supposed to see other high-profile startups go public, most notably Airbnb. Then the COVID-19 pandemic happened, and the tech IPO market basically came to a halt.

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Truthfully, Crunchbase News planned to publish this list much earlier this year. But it was pretty bare bones, as tech IPOs were on pause. Now that things have started moving again, it seemed like a good time to bring this list to light.

Here are the few venture-backed companies that have gone public. In previous versions of this list, we stuck to just tech or tech-ish companies. For consistency, that’s what we’re doing again. We’ll keep updating this list as time goes on.

• IPO date: Jan. 30, 2020
• IPO price: $14
• Last private valuation: Between $1.5 billion and $2 billion, according to CNBC
• IPO valuation: $1.7 billion
• Initial post-IPO arc: Positive

One Medical’s stock has stayed well above its IPO price of $14 since it went public at the end of January. Its stock closed on its first day of trading 58 percent higher than its IPO price and, while it’s seen dips here and there, its post-IPO arc has been largely positive. Its stock opened at $32.20 on Wednesday.

• IPO date: Feb. 5, 2020
• IPO price: $12
• Last private valuation: $1.1 billion
• IPO valuation: $476 million, excluding underwriters’ options.
• Initial post-IPO arc: Negative

Casper’s IPO was troubled from the start, with the mattress company dropping its IPO range before the offering, slashing the company’s valuation. Casper’s stock opened about 21 percent higher than its IPO price on its first day of trading, but things have pretty much been trending downward ever since. Casper’s stock was trading at $8.75 on Wednesday.

• IPO date: May 8, 2020
• IPO price: $17
• Last private valuation: Unknown
• IPO valuation: $3.7 billion
• Initial post-IPO arc: Negative

In the midst of the tech IPO lull, China’s Kingsoft Cloud went public, raising $510 million by pricing its shares at $17 each. It was also the first Chinese company to go public in the U.S. after China’s Luckin Coffee got caught up in a scandal surrounding its financials. Kingsoft Cloud closed its first day of trading 40 percent above its IPO price, but the price has trickled down since then. The company’s stock opened at $20.70 on Wednesday.

• IPO date: June 3, 2020
• IPO price: $21
• Last private valuation: Unknown
• IPO valuation: $8.2 billion
• Initial post-IPO arc: Positive

The COVID-19 pandemic effectively paused tech IPOs for U.S.-based companies for around three months, although many pharmaceutical and medical-related companies still moved forward with their public debuts. So when ZoomInfo moved forward with its IPO, it was a big deal. And notably, the company was very well received by public investors, despite the U.S. entering a recession. Its stock price surged on its first day of trading, closing nearly 62 percent above its IPO price. The stock opened at $59.22 on Wednesday.

• IPO date: June 8, 2020
• IPO price: $22
• Last private valuation: $1.45 billion
• IPO valuation: $2.5 billion
• Initial post-IPO arc: Positive

Vroom closed out its first day of trading with its stock more than double its IPO price. It bumped up its price range (from between $15 and $17 to between $18 and $20) and ended up pricing its shares at $22. And it *still* closed so much higher than that–at $47.90 per share. Not only is there investor interest in the company, but Vroom left a lot of money on the table. It’s too soon to say if the momentum will hold, but it’s initial post-IPO arc is positive. Its stock opened at $51.45 on Wednesday.

Illustration: Li-Anne Dias

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Here's Who Has Gone Public In 2020 (So Far) - Crunchbase News
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