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Palantir is nearly 20 years old, yet it only went public about three years ago. Since its debut on the NewYorkStockExchange in late 2020, Palantir stock has been no stranger to the highs and lows of public company scrutiny. Despite these challenges, Palantir's business has thrived so far in 2023.
Chipotle Mexican Grill (NYSE: CMG) has been one of the best-performing stocks on the market since its initialpublicoffering (IPO) in 2006, but despite gaining more than 5,000%, the stock had never once split. If it's approved, the stock will begin trading on a post-split basis on June 26.
Unsurprisingly, some businesses are taking advantage of the ripe market conditions as 2024 has featured a number of high-profile initialpublicofferings (IPO). Social media platform Reddit (NYSE: RDDT) recently began trading on the NewYorkStockExchange. Data by YCharts.
Today, its shares trade for just $7.20 -- 74% below their initialpublicoffering price, and down 97% from their all-time high. As is often the case with investing (and in life), a new player has entered the telemedicine arena: Hims & Hers Health (NYSE: HIMS).
In 2012, Meta Platforms (then known as Facebook) made a big splash with its initialpublicoffering. Snapchat and Pinterest went public in 2017 and 2019, respectively. Reddit 's (NYSE: RDDT) shares began trading on the NewYorkStockExchange (NYSE) on Wednesday, March 20, 2024.
This was a strong quarter for Johnson & Johnson with market-leading performance, important advances across our innovative pharmaceutical and medtech pipelines, and a successful initialpublicoffering of Kenvue. closed its initialpublicoffering. and adjusted operational EPS growth of 9.7%.
David Gardner: The market cap as of Tuesday afternoon trading on the NewYorkStockExchange, Tuesday, June 20th is 59.43. David Gardner: Well played sir not a bad guess but the market cap for Seattle Genetics now Seagen which now by the way isn't moving much this days since it has this prospect of a buyout coming $37.04
From a macro perspective, I suspect that uncertainty over tariffs, as well as ongoing spending for AI infrastructure have left some investors tepid over the near-term prospects of their once-favorite stocks. In addition, some of them may simply be fatigued by the Magnificent Seven and are looking for new growth opportunities.
After a long pause, it looks as though the market for initialpublicofferings (IPOs) may be heating up again. Even amid tariff uncertainty clouding the near-term picture, several private companies are now on track to go public.
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