Categories Analysis, IPO, Markets

9 IPO stocks that have given 100+% returns

It was quite an interesting year so far for the IPO market with over 100 companies making their public debut. These include some of the most-watched companies such as Uber (NYSE: UBER), Lyft (NASDAQ: LYFT), Beyond Meat (NASDAQ: BYND), CrowdStrike (NASDAQ: CRWD) and Pinterest (NYSE: PINS).

Let’s take a look at the nine stocks that have returned above 100% returns since their public listing. Before we go ahead, let us remind you that stocks tend to be more volatile in the initial days of trading and this is not a yardstick to measure their long-term prospects. On the other hand, it may be used to measure the current investor confidence in the stock.

stock market thanksgiving day black friday
Photo by Aditya Vyas on Unsplash

9. NextCure (NASDAQ: NXTC)

Return till date: 103%

Date of IPO: May 9, 2019

NextCure is a Maryland-based clinical-stage biopharmaceutical company that focuses on immune-oncology. Though it’s market cap is only around $700 million, the stock has relatively better institutional ownership of about 12%. NextCure also has a research partnership inked with Eli Lilly and Company (NYSE: LLY).

Earlier this month, the company reported a quarterly loss of 61 cents per share, which was a big cut down from last year’s loss of $3.82 per share.

8. Silk Road Medical (NASDAQ: SILK)

Return till date: 110%

Offer date: April 4, 2019

This Sunnyvale, California-based firm develops stroke prevention devices. Its flagship treatment called transcarotid artery revascularization (TCAR) is a minimally invasive technique to treat carotid artery disease, which is considered among the primary causes of stroke.

READ: Major IPOs expected in late-2019 or 2020

The company had offered 6 million shares for $20 apiece, which ended the first trading day at $36.18. The company currently has a market cap of $1.32 billion.

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pharma stocks
Image for representation (Photo by Drew Hays on Unsplash)

7. Adaptive Biotechnologies (NASDAQ: ADPT)

Return till date: 121%

Offer date: June 27, 2019

This biotech company founded in 2009 studies immune-driven medicine and has a market cap of $5.5 billion. The stock, which was offered at $20 apiece, doubled on the very first day of trading. Despite reporting a wider-than-anticipated quarterly loss earlier this month, the stock has resisted a prolonged sell-off.  

Notably, Adaptive has a 7-year partnership with tech giant Microsoft (NASDAQ: MSFT) which includes sharing of some intellectual properties. It also allows Adaptive to use Microsoft’s machine learning resources to map immune systems for research purposes.

6. Palomar Holdings (NASDAQ: PLMR)

Return till date: 126%

Offer date: April 17, 2019

Palomar Holdings is a specialty property insurance based in La Jolla, California. Founded in 2013, the company has $798.06 million in market cap. The stock, which has been witnessing a slow but steady growth, received a major boost after reporting a 56% increase in quarterly gross written premiums and a 15% improvement in net income earlier this month.

READ: 10 biggest US mergers & acquisitions announced so far in 2019

The company has floated 5.6 million shares in the stock market.

5. ShockWave Medical (NASDAQ: SWAV)

Return till date: 135%

Offer date: March 7, 2019

ShockWave Medical is the second medical device manufacturer on the list. It provides intravascular lithotripsy system, a minimally-invasive treatment for cardiovascular diseases. During the most recent quarterly results, the Santa Clara, California-based firm reported higher revenues and lower net losses, driven by strong demand in both the US and international markets.

The company also raised its revenue guidance for the full year.

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4. Zoom Video Communications (NASDAQ: ZM)

Return till date: 155%

Offer date: April 18, 2019

This $25-billion tech mammoth has been doing exceptionally well since its public debut earlier this year. The stock ended its first trading day at $62, after being offered at $36 per share.

The cloud-based video conferencing service giant has ties with other workplace services provided by Dropbox (NASDAQ: DBX), Microsoft and Google (NASDAQ: GOOGL), making it more attractive compared with its peers. In June, the company reported strong earnings and cash flow, boosting the stock rally.

crowdstrike earnings
Image courtesy: CrowdStrike

3.  CrowdStrike Holdings (NASDAQ: CRWD)

Return till date: 161%

Offer date: June 12, 2019

You have probably heard about Crowdstrike already. It has previously unraveled a few high-profile hack incidents, including tracing the 2016  Democratic National Committee email leak to Russia. It has also revealed the source of 2014 Sony Pictures hack to North Korea, besides helping law enforcement agencies nab the culprits in Chinese espionage on the US.

The cybersecurity company last month said its quarterly revenues doubled on strong subscription growth. Net loss also came in better than expected.

2. Turning Point Therapeutics (NASDAQ: TPTX)

Return till date: 200%

Offer date: April 17, 2019

The clinical-stage biopharmaceutical company issued 9.3 million shares for $18 apiece, which closed at $28.9 at the end of the first day of trading. The company has a pipeline of tyrosine kinase inhibitors that target numerous genetic drivers of cancer.

The company recently initiated a Phase 1 clinical study of patients with advanced solid tumors harboring genetic alterations.

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Beyond Meat stock
Image Courtesy: Beyond Meat / Facebook post

1 . Beyond Meat (NASDAQ: BYND)

Return till date: 520%

Offer date: May 2, 2019

Beyond Meat is the clear winner among IPO stocks this year. Not only did the plant-based meat company enjoy an enormously successful IPO, but it also has also managed to maintain the momentum through two-quarters of wide net losses.

The company has constantly been criticized by sell-side analysts for its outlandish valuation, and yet investors are reluctant to part ways with it. The veggie company founded in 2009 produces burgers, sausage, crumbles and strips from the plant-based meat.

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