Despite the fact that many companies have gone bankrupt and many others are about to close, the data on public offerings in the world is surprising in a year where the fall in GDP in various regions of the world has been unusual. Doubts about a new aid package in the US that will revive those sectors most affected by the pandemic persist, and the debates between Democrats and Republicans continue. On the other hand, the Central Banks of many countries keep their ammunition ready to act if necessary. But in the face of all this, we see data from IPOs that exceed all expectations.
The Mexican Tycoon Carlos Slim, broke the drought of public offerings on the Mexican Stock Exchange. Through one of its companies, Promotora de Desarrollo de América Latina (Ideal) placed, in the middle of April, a Fibra (stock exchange vehicle destined to financing for the acquisition / construction of real estate, also called an infrastructure and real estate trust) called FIDEAL, thus obtaining almost 26 billion pesos (just over 1,000 million euros).
On that same continent, but a little further north, in Wall Street it has been produced more than 470 OPVs until these days of December, which represents a increase of more than 100% compared to 2019, and is positioned as the best year since 2000. Although, during first 5 months of the year the placements were 64 that compare with the 93 of the same period of 2019As of June, the acceleration began to be felt. In September and October alone, IPOs were 166, marking a very active second half of the year.
So far in December, more than $ 19 billion in IPOs have already been raised from North American exchanges, a record amount for the month, bringing the 2020 total to approximately $ 172 billion, according to Bloomberg data. There has been such a furor in placements that even the legendary Warren Buffet via Bershire Hathaway participated in the Snowflake IPO, specialized in storing data in the cloud and whose profitability so far from its placement (September 16) until Friday was +178,54%.
Continuing with this market, it should be noted that among the most profitable IPOs are:
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But not everything is honey on flakes, since there were also some that gave some headaches, falling more than 50%:
According to PitchBook data, as of last week, the total of OPVs worldwide amounted to 1,291, raising about $ 331.47 billion, which represents an increase of 33% with what was collected in 2019. Looking at the list of placements, three categories are clearly distinguished: technology and medical care.
Between the largest IPOs stand out: Warner Music, which since its placement on June 3 has risen 48.4%, Li Auto + 176.26%, Rocket Companies + 20.22%, X Peng + 209.2%, Snowflake, Unity Software +203, 4% and GoodRx Holdings + 35.18% among others.
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