For quite some time, Wall Street has been experiencing a frenzy of initial public offerings (IPOs). The IPO markets did not fare well in the first half of the year. Following a gradual rebound in the economy, IPOs had a record-breaking performance in the second half of 2020. In the past year, the Renaissance IPO Index, which tracks freshly public firms in the United States, has risen 44.07 percent. With a $60 billion valuation, Coupang, Inc. had one of the biggest IPOs of 2021 so far.
Insider Monkey analyzes the list of the 11 best IPO stocks to buy now. On April 15, 2021, AppLovin Corporation went public, raising $1.8 billion in its first public offering. On the first trading day, the stock fell 18.5 percent from its IPO price of $80 a share. Li Auto Inc. is a Beijing-based Chinese electric car manufacturer. The company raised $1.5 billion in a Hong Kong IPO, with 100 million shares priced at HK$118 each. On the list of the top IPO stocks to purchase right now, it ranks tenth. In its IPO on April 1, 2021, Compass, Inc. raised $450 million. With over 20,000 agents earning a share of the selling price, the company offers an agent-centric platform. The business anticipates $6.15 billion to $6.35 billion in revenue in FY21. Robinhood Markets, Inc. (NASDAQ: HOOD) is a financial services firm based in the United States that specializes in commission-free investing through its mobile app. With approximately 21.3 million monthly active users (MAUs) and $102 billion in assets under management, the organization has a large user base. In its initial public offering, it raised over $2 billion. Palantir Technologies Inc. filed for an initial public offering (IPO) in September 2020, 17 years after the company was founded. A strategic agreement has been formed between the corporation and a renowned automotive technology company. The stock has returned 10.01 percent to stockholders since the beginning of the year. For more details, click 11 Best IPO Stocks To Buy Now.