3 Companies That Went Public in October
Early adopters. Black Friday shoppers. Folks who shout "First!" in the comments section online. If you're the kind of person who likes to be at the front of the line, investing in IPO stocks just might be for you.
What's an IPO stock, you ask? Well, basically, there are two kinds of companies in this world -- those you can invest in (like Apple, or Ford Motor Co.), and those you can't (like Chick-Fil-A ... or SpaceX). The ones you can invest in are only investable, though, because they've gone through the IPO process, conducted an "initial public offering" of stock, and put their stock up for public sale.
And here's the good news for folks who like to be first in line: every month of the year, multiple companies decide to go from private to public by conducting an IPO. The month of October has already seen restaurateur First Watch (NASDAQ: FWRG), coconut water hawker Vita Coco (NASDAQ: COCO), and fashionista Rent the Runway (NASDAQ: RENT) "go public."
Source Fool.com
