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%. 

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Beyond Meat Inc125.98 USD0.00
Janus Henderson Hrzn Global Tech I2 USD138.66 USD2.19
Lyft Inc Class A28.81 USD0.00
Pinterest Inc24.77 USD0.00
Polar Capital Global Tech I Inc71.42 USD-0.50
Scottish Mortgage Ord1,009.53 GBP5.27
Uber Technologies Inc31.72 USD0.00
Vanguard US Equity Index Acc536.15 GBP-0.76

About Author

James Gard  is content editor for Morningstar.co.uk

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies