IPO Report for the 1st half of 2020

In this edition of Value Reports we examined the IPO market in the 1^st half of 2020 and the data points to a recent increase in listings.

Using the Economatica system to filter through our comprehensive US financial data sets we discovered there were 61 IPOs in the 1^st half (through June 30) of 2020.

Here are a few general observations about this group before diving into performance details of these new stocks for the first six months of 2020:

• The majority of 2020 IPOs so far are Pharmaceuticals
• 17 of these new listings were foreign companies with the largest represented groups being China (11), and Canada (3)
• 23 companies listed in the quarter 1, and 38 companies listed in quarter 2
• 51 companies were listed on NASDAQ while 10 new issues were listed on the NYSE

The following table is a list of IPOs for the first half of 2020 sorted by the first day of trading. All data through the close of the second quarter, June 30.

The chart below ranks the IPOs by Returns (through June 30) compared to their IPO price, from best 10 to worst 10 performers.

The chart below ranks the IPOs by Returns (through June 30) compared to the close on the first trading day, from best 10 to worst 10 performers.

In the first half of 2020, we had 61 IPOs compared to 93 new issues in the same period for 2019. The highest number of IPOs was in the month of June, with 28 new stocks making their debut, compared to 20 in the same month last year.

The Economatica system offers a range of sophisticated analytic tools and financial data on an easy to use online research platform that empowers asset managers, analysts, and other investment professionals to help you identify and examine potential opportunities. Ask us for a free trial today and learn how to make your own observations.