My Top Tech IPO to Buy in March
The 2021 initial public offering (IPO) market was a whirlwind, with the 1,033 listings for the year setting a record, and much of the growth was fueled by the boom in special purpose acquisition companies (SPACs). But that record number of listings also made the IPO market feel extremely chaotic. With so many stocks making their debut, it was virtually impossible to keep track of everything.
For investors interested in IPOs, it's going to help to focus on the select few listings where the company demonstrates the ability to become a much larger business over the next five to 10 years while its stock trades at reasonable valuations. One example is Remitly (NASDAQ: RELY). The technology-focused remittance company is growing like a weed, has a large market opportunity, and is trading at a cheap valuation.
Here's why Remitly stock is my top technology IPO to buy in March.
Source Fool.com
