My Top Tech IPO to Buy in February
The 2022 initial public offering (IPO) market has cooled off substantially from the craziness of 2021. A study from Dealogic found that there has been just $6.9 billion in funds raised by IPOs so far this year, which is 83% less than at the same time in 2021. This has likely been due to the immense volatility seen in public markets, which makes it hard for companies to value themselves at a price the market would like.
With few stocks coming public in 2022 so far, it might be smart to look back at some of the high-quality companies that came public in 2021. There were dozens of high-profile names that made themselves available to investors last year, but one under-the-radar tech stock stood out because of its market dominance and the fact that its product is a necessity for many businesses.
Here's why Confluent (NASDAQ: CFLT) is one of my favorite 2021 IPOs, and why I think it is worth buying right now.
Source Fool.com
