3 Recent IPOs to Add to Your Watch List
Initial public offerings (IPOs) are exciting events for investors because they offer whole new opportunities. IPOs are frequently newer businesses that have outgrown the private capital markets due to the rising popularity of their disruptive products and services. It is inherently risky to invest in companies with relatively limited operating histories that are beginning to challenge incumbent leaders that have more resources and stronger brands. Nonetheless, growth-phase disruptors can provide shareholders with monster returns as they ascend to industry-leading positions.
Here are three interesting IPO stocks that entered public markets recently.
Palantir (NYSE: PLTR) was founded in 2003 by a group that includes PayPal's (NASDAQ: PYPL) Peter Thiel. Palantir is a leader in data analytics that rose to prominence for its role in counter-terrorism and anti-crime activities. The company quickly gained an excellent reputation thanks to its roster of talented employees, high-profile investors, and list of clients including government agencies and industry-leading enterprises. Palantir's notoriety made it one of the most anticipated IPOs in recent years. As early as 2014, the company was valued at $15 billion, placing it among the most valuable private technology businesses.
Source Fool.com
