These Were the 10 Best IPOs of 2019
Investing in IPO stocks can be fun, but also risky. There can be a scarcity of information about a brand new equity. And sometimes the underwriters intentionally lowball the value of a company, in order to hype the stock (and reward the bank's clients who bought shares on the cheap). Nonetheless, as we shall see, there were some fantastic returns in the IPO market this year, even for ordinary investors buying on the first day.
We are measuring stock returns from the opening trade of the stock at its initial public offering, to market close on Dec. 20. Surprisingly, a lot of unknown biotechs dominate our top 10 list. And three stocks on our top 10 list had "broken IPOs," which is when the market return on the first day is under the price set by the underwriters.
Without further ado, here are the top 10 IPOs of 2019:
Source Fool.com
