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Tech companies reign in Wall Street stock debuts

2021-02-25T00:37:28.918Z


Airbnb, which signed the best premiere in 2020, is already revaluing almost 200%. The amount collected last year reached 2010 highs


2020 was not a good year for IPOs in Spain.

Only Soltec made its debut, although it did so in style, signing the best debut in the Spanish market since 2015, with a rise of 11% on the day of its premiere.

The rise has not stopped and already accumulates a revaluation of 125% from the 4.82 euros that it set for its premiere.

Despite what happened in Spain, the truth is that Covid-19 was not an impediment to global public offerings for sale (IPO) and 19% more operations were registered compared to 2019 while the amount collected reached 268,000 million of dollars, the best figure since 2010, with America in the lead, according to the EY Global IPO Trends report.

Wall Street registered the best IPOs of the year and, among them, eight registered revaluations of more than 100%, with technology in the lead.

The best example is the software and services company specialized in big data analytics Palantir, which has registered a 286% revaluation since September.

Nor did the long-awaited Airbnb premiere disappoint.

The tourist rental platform, which has not obtained any profit since its creation - the results of 2020 will be known this week, penalized by the stoppage of tourism - debuted in December and marked its first crossing at $ 146, more than doubling the price set for its placement, and added 110% in its first session.

Two months later it accumulates a revaluation of 187%.

Another of the milestones on Wall Street occurred on September 16, when Snowflake debuted.

The cloud-based data storage company also appreciated more than 100% in the first session, but the most remarkable thing was the bet that Warren Buffet made for it.

Before his debut, the mogul agreed to enter the company through his conglomerate Berkshire Hathaway.

With this, the Oracle of Omaha, very reluctant to bet on technology, invested 573 million dollars in Snowflake.

Among the best IPOs of 2020, there are also two Chinese manufacturers of electric and hybrid vehicles that, taking advantage of the Tesla stock market pull, began to trade on

U.S.

Li Auto debuted on July 30 and exceeded his own expectations, grossing $ 1.1 billion compared to his estimated $ 950 million.

Since then, it has reached 142% and Jefferies analysts estimate that the sales of the firm, which is characterized by manufacturing a single model - an electric SUV with a gasoline engine as a support - will grow 100% in its fiscal year 2021 and 142%, in 2022.

A month after Li Auto, XPeng landed on Wall Street.

The company raised almost $ 1.5 billion at its premiere, making it the largest IPO of a Chinese electric vehicle brand in the US Since then, its titles have appreciated 154%.

Renewables seek to break the drought in Spain

  • OPDEnergy.

    The Navarrese renewable energy firm could become the first IPO of the year in the Spanish market, as it is considering doing so between April and May.

    Its objective is to do so with figures similar to those of the last two releases, Soltec (440 million) and Solarpack (266 million).

  • Acciona and Repsol.

    All eyes are on these two great companies.

    Acciona has already announced that it is working to list its renewable energy subsidiary, selling up to 49% of the company in an IPO.

    Repsol has not given so many details, but the market awaits the exit of its renewable subsidiary, whose valuation reaches 4,000 million.

Source: elparis

All news articles on 2021-02-25

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