3 Red-Hot IPOs That Soared Last Week
The IPO market was on fire for the last several months of 2020, bringing investors such notable newcomers as Airbnb, DoorDash, and Snowflake, which gained 113%, 86%, and 112%, respectively, on each stock's first day of trading.
The extreme market volatility that happened early last year with the onset of the pandemic has helped attract legions of new investors. It's also easier than ever to get started, thanks to the debut of user-friendly investing apps like Robinhood.
Whatever the cause, 2021 is starting out much like last year with strong demand for new issues sending many IPOs soaring. Let's look at three companies that debuted on the public markets last week, and why investors were so excited to jump onboard.
Source Fool.com
