Are Unicorn IPOs Good Investments?

Many so-called unicorns have or will come to market in 2019, but should investors get excited about them, or would they be better served taking a wait-and-see approach?

David Brenchley 29 April, 2019 | 2:59PM

Uber logo, Uber IPO, unicorns, stock market, FAANGs, Lyft

This year has been dubbed the year of the Unicorn IPO, with many Silicon Valley-based start-up firms listing in the US, to fervent retail investor interest.

Those that have come to market before the end of April have had good to excellent first-day returns, with $24 billion ride-hailing app Lyft (LYFT) surging 25% initially before closing up 8%. Elsewhere, $12 billion photo-sharing app Pinterest (PINS) was up 28% at close of its first day. Video conferencing firm Zoom (ZM) finished its first trading day up 72% and is now worth $17 billion.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Allianz Technology Trust Ord2,793.85 GBX-0.40
Alphabet Inc A1,787.02 USD1.30
Facebook Inc A277.81 USD0.81
Lyft Inc Class A39.04 USD-1.21
Pinterest Inc69.72 USD3.41
Scottish Mortgage Ord1,114.79 GBX0.52
Twitter Inc46.59 USD0.34
Zoom Video Communications Inc471.61 USD6.29

About Author

David Brenchley

David Brenchley  is a Reporter for

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