3 Recent IPOs to Add to Your Watch List

The lure of investing in newly public companies is the prospect of getting in on the ground floor of the next Microsoft, which has returned over 238,000% to investors since its initial public offering in 1986. In contrast, the S&P 500 has generated only 1,500% returns since then.

Yet for every big success like that there are dozens of failures, and investors would probably be better off passing most IPOs by. The latest iteration of taking companies public -- special purpose acquisition companies, or SPACs -- holds the potential for even more flameouts, as SPACs are stocks in search of an idea and under usually a two-year deadline to bring a company to market.

Yet for every rule there are exceptions, and the three companies below that recently went public -- either through a SPAC or a traditional IPO -- are ones you just might want to consider.

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Source Fool.com