The year 2018 saw a remarkable surge in the IPO market. Several companies went public and raised considerable funds, and there was also a growing demand for their services.
Let us take a look at the top 20 such companies that had their IPOs in 2018.
Dropbox
Dropbox, a leading cloud storage and collaboration platform, went public in March 2018. The IPO price was $21 per share, and the company raised approximately $756 million.
Dropbox’s debut was highly anticipated. As of 2024, Dropbox’s share price is around $24, slightly above its debut.
DocuSign
DocuSign, known for its electronic signature technology, launched its IPO in April 2018. The company’s share price was at $29, raising over $629 million. DocuSign’s platform facilitates the exchange of contracts and signed documents online. The share price saw a generally increasing trend and is currently at $55.
Domo
Domo, a business intelligence software company, went public in June 2018. Its IPO price was at $21 per share, with the company raising about $193 million. The share price has rapidly declined since and is now at $9 per share.
Spotify
In a unique move, Spotify opted for a direct listing in April 2018. It bypassed the traditional IPO process. The music-streaming giant had a value of nearly $30 billion at the time of its market debut. Its share price is now almost twice that of its IPO, at $259.
Moderna
Moderna is a biotechnology firm focusing on mRNA-based therapies and vaccines. It launched its IPO in December 2018. The company raised $604 million, with shares priced at $23. Moderna’s share price saw a rapid increase and is currently at $103.
BJ’s Wholesale Club
BJ’s Wholesale Club is a membership-only warehouse club. It returned to the public market in June 2018 after previously going private. The IPO price was at $17 per share, raising nearly $637 million. Currently, BJ’s Wholesale Club share price is at $75.
ADT
ADT is a leader in security and automation solutions for homes and businesses. It went public in January 2018. The IPO price was at $14 per share, but the company raised less than expected. ADT shares are less than half in value at $6 compared to its IPO.
Nio
Nio, a Chinese electric vehicle manufacturer, had its IPO in September 2018. The share price was at $6.26, and the company raised approximately $1 billion. People dub Nio as the “Tesla of China.” Nio’s shares have been nearly steady since its IPO and are currently priced at $5.80.
Americold Realty Trust
Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehouses. It went public in January 2018. The IPO price was at $16 per share, with the company raising around $360 million. Americold’s shares have seen a steady increase and have a price of $26 as of March 2024.
Cushman & Wakefield
Cushman & Wakefield, a global real estate services firm, launched its IPO in August 2018. The price of a share was at $17, raising approximately $765 million. The company provides a wide range of services. The share price has been fluctuating and is presently at $10.
Tencent Music
Tencent Music is a leading music streaming service in China. It went public in December 2018. The price of an IPO was at $13 per share, with the company raising about $1.1 billion. Tencent Music operates several popular apps. This includes QQ Music, Kugou, and Kuwo, catering to a vast user base.
MOGU
MOGU, an online fashion and lifestyle retailer in China, launched its IPO in December 2018. The price of a share was at $14, raising $66.5 million. The share price saw a high in 2021 but has been declining since and is at $10.
Weidai
Weidai, a Chinese online peer-to-peer lending platform, went public in November 2018. The price of the IPO was at $10 per share, with the company raising about $45 million. The company went bankrupt in 2022.
SolarWinds
SolarWinds is a company specializing in IT management software. It returned to the public market in October 2018 after going private in 2016. The price of IPO was at $15 per share, raising approximately $375 million. SolarWinds shares currently have a value of $12, which is lower than its IPO price.
Anaplan
Anaplan, a cloud-based planning software company, launched its IPO in October 2018. The price of a share was at $17, raising about $263 million. Anaplan’s shares currently have a value of $63 per share.
Elastic
Elastic, known for its Elasticsearch search engine, went public in October 2018. The price of the IPO was at $36 per share, raising approximately $252 million. The company’s shares have seen a generally increasing trend and have a value of $105 per share.
UpWork
UpWork, a platform that connects freelancers with businesses, went public in October 2018. The price of the IPO was at $15 per share, raising about $187 million. UpWork offers a global marketplace for freelance talent across various disciplines. The general trend is downward for UpWork’s share, which has a current price of $12.
CooTek
CooTek is a Chinese mobile internet company known for its keyboard application TouchPal. It launched its IPO in September 2018. The price of a share was at $12, raising $52 million. CooTek has since diversified its app portfolio. Presently, the company has delisted its stock from the USA stock exchanges.
SurveyMonkey (now Momentive)
SurveyMonkey, a leading online survey software company, went public in September 2018. The price of the IPO was at $12 per share, raising about $180 million. SurveyMonkey’s platform enables organizations to gather and analyze data from surveys. The company delisted its shares from stock exchanges in 2023.
Viomi
Viomi is a Chinese company specializing in smart home technology. It had its IPO in September 2018. The price of one share was at $9, raising about $102.6 million. Viomi’s product range includes smart water purifiers, refrigerators, and other household appliances. Viomi’s shares have a value of $0.66 as of 2024.