Slack Technologies Inc. (NYSE: WORK) went public on Thursday
at a reference price of $26. The stock opened at $38.50, 48% above the
reference price. It is currently trading at $37.55, 42% ahead of its reference
price. Let’s look at some popular names that went public this year and where
they stand now.
Uber
Uber Technologies Inc. (NYSE: UBER) went public in May at an offer price of $45. The stock is currently trading at $43.92, down 4% from the offer price. The company has a market cap of $73.3 billion.
Lyft
Uber’s rival Lyft Inc. (NASDAQ: LYFT) went public in March at an offer price of $72. The ride-hailing service’s shares are now trading at $63.95, down 12% from its offer price. Lyft has a market valuation of $17.7 billion.
Pinterest Inc. (NYSE: PINS) had its IPO in April and the company’s offer price was $19. The stock is trading at $27.79, 42% above its offer price. Pinterest has a market cap of $14.8 billion.
Chewy
Chewy Inc. (NYSE: CHWY) went public last week with an offer
price of $22. Shares are now trading at $32.20 per share, 45% above that number.
CrowdStrike
CrowdStrike Holdings Inc. (NASDAQ: CRWD) also held its IPO last week at an offer price of $34. The stock is currently trading at $69.10, 102% above that figure.