How Have 2019's Biggest IPOs Performed?

Beyond Meat shares were up more than 800% on its IPO price at one point, but Lyft and Uber have found the journey as a public company a bumpier ride

James Gard 19 August, 2019 | 11:02AM

Beyond Meat

Co-working office space firm WeWork is the latest new economy “unicorn” to prepare for a 2019 IPO, but after a so-far disappointing journey for two of this year’s biggest flotations, Uber (UBER) and Lyft (LYFT), will investors be warier this time around?

Uber’s IPO in May was one of the most hotly anticipated of recent years but shares are still below the float price. Lyft listed before Uber and has struggled to match early expectations. Social sharing site Pinterest (PINS) has fared rather better than the ride-sharing firms, while Beyond Meat (BYND) has been the surprise success story of this year’s floats, tapping into the growing demand for meat-free foods. Its first day of trading saw the biggest percentage gain for an IPO since 2000, reviving memories of the heady days of the dotcom boom. From a float price of $25, Beyond Meat's shares hit $235 in late July, a rise of 839%. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Beyond Meat Inc137.31 USD0.00
Janus Henderson Hrzn GlbTechLdrs I2USD181.54 USD-0.27
Lyft Inc Class A63.40 USD0.00
Pinterest Inc76.22 USD0.00
Polar Capital Global Tech I Inc93.91 USD1.47
Scottish Mortgage Ord1,261.21 GBP1.30
Uber Technologies Inc60.35 USD0.00
Vanguard U.S. Eq Idx £ Acc679.77 GBP0.09

About Author

James Gard  is content editor for Morningstar.co.uk

 

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