Between March to May, five of the major companies that had previously been valued by venture capital at over one billion dollars go public on Wall Street. Now, in the order of market cap, let’s take a look at how each of the companies has been faring.
Uber debut its IPO at $45 per share, and the stock of the company hovered around $36 per share immediately after the debut, but it has bounced back to nearly $40 per share during the company first full week of trading, and it closes Thursday with $67 billion market cap.
2. Zoom Video Communications
Only a handful of companies have had a fantastic 2019 than Zoom Video Communications. After raising its initial expected IPO once, the company shares were finally priced even higher at about $36 per share. The company closes the trade at $80.42 on Thursday. And after its listing, it went up from a reported market cap of $9.2 billion to a bit shy of $21 billion.
At the end of the first-quarter, Lyft prices its offering at $72 per share to launch an initial market cap of $20.6 billion. In early April, Lyft began a steady slump with the stock price initially dipping below $70 per share, then $60, and later closing at $48.15 per share on May 13. It has recovered since and close at $54.83 on Thursday with a market cap of about $15.9 billion.
The Pinterest stock closed at $25.51 per shares on Thursday compared to closing at $24.40 on its first-day trading. Compared to the company latest round of venture capital funding of $12.3 billion, the company now have a market cap of about $13.8 billion.
5. Beyond Meat
This plant-based protein startup started from the IPO price of $25 per share and rose to over $70 per shares during its first-day trading. Though it has had its ups and downs since its initial opening, it closed at 98.59 per share on Thursday with a market cap of $5.7 billion.