IPO stands for Initial Public Offering. IPO is a concept which is associated with those companies who would want their shares to come on the Stock Market. So, if anyone wants their shares to go on the stock exchange, they will take re-cost to the phenomenon known as IPO. Thus, their shares would be coming for the first time in the market, which is what “I” of the IPO is used. It is the first time that a company offers its shares to the public through a medium, and that medium is stock exchange. For the Indian person, it can be any stock exchange recognized by SEBI.
IPO is part of the primary market. IPO is also known as “going public.”
2018 was an eventful year for the companies entering IPOs as the number of companies registered in 2018 exceeded from 2016 and 2017. Here are the top 10 IPOs of 2018, which has shown excellence in the stock market.
Top 10 IPOs of 2018:
1) Spotify Technology S.A. (SPOT)
Sector: Technology
Size of the IPO: $ 9.2 Billion ($165.90 per share)
Date of pricing: 4/3/2018
The current price of the stock: $136.19
Performance for the year 2018: -23.8% (SPOT)
2) AXA Equitable Holdings, Inc. (EQH)
Sector: Financials
Size of the IPO: $2.7 billion ($20.00 per share)
Date of pricing: 5/10/2018
The current price of the stock: $20.04
Performance for the year 2018: 17.2% (EQH)
3) Pagseguro Digital Ltd. (PAGS)
Sector: Technology
Size of the IPO: $2.3 billion ($21.50 per share)
Date of pricing: 1/24/2018
The current price of the stock: $22.17
Performance for the year 2018: 35.9% (PAGS)
4) IQIYI, Inc. (IQ)
Sector: Consumer Goods
Size of the IPO: $2.3 billion ($18.00 per share)
Date of pricing: 3/29/2018
The current price of the stock: $20.12
Performance for the year 2018: 4.4% (IQ)
5) Pinduoduo Inc. (PDD)
Sector: Technology
Size of the IPO: $1.6 billion ($19.00 per share)
Date of pricing: 7/26/2018
The current price of the stock: $21.80
Performance for the year 2018: 16.0% (PDD)
6) Elanco Animal Health Inc. (ELAN)
Sector: Health Care
Size of the IPO: $1.5 billion ($24.00 per share)
Date of pricing: 9/20/2018
The current price of the stock: $33.01
Performance for the year 2018: 37.54%(ELAN)
7) ADT Inc. (ADT)
Sector: Consumer Services
Size of the IPO: $1.5 billion ($14.00 per share)
Date of pricing: 1/19/2018
The current price of the stock: $7.73
Performance for the year 2018: 4.4% (ADT)
8) StoneCo Ltd. (STNE)
Sector: Technology
Size of the IPO: $1.2 billion ($24.00 per share)
Date of pricing: 10/25/2018
The current price of the stock: $22.58
Performance for the year 2018: 5.9% (STNE)
9) Vici Properties Inc. (VICI)
Sector: Financials
Size of the IPO: $1.2 billion ($20.00 per share)
Date of pricing: 2/1/2018
The current price of the stock: $21.81
Performance for the year 2018: 9% (VICI)
10) World Gold Trust (GLDM)
Sector: Financials
Size of the IPO: $1.0 billion ($12.98 per share)
Date of pricing: 6/26/2018
The current price of the stock: $12.22
Performance for the year 2018: 5.8% (GLDM)