According to reports, this year’s Thanksgiving holiday, investors in the US technology sector have a large number of IPO application documents to read. DoorDash, Airbnb, Affirm, Roblox, and Wish have all issued prospectuses in the past 8 days, and these companies plan to go public by the end of this year. After the general election, the U.S. stock market rebounded and the U.S. stock index rose to near its highest point in history. In addition, the public market’s demand for high-growth investment is also very obvious. Therefore, in the eyes of these technology companies, this is a good IPO time point.
The above five companies are all companies that serve consumers. They are currently facing a surge in confirmed cases of the new crown virus and great changes in the economy. It is foreseeable that in the upcoming Thanksgiving holiday, they will Very busy. The situation in December will be very different from the listing wave that appeared in September this year. In September, many enterprise software companies such as Snowflake and Palantir completed their initial public offerings.
During the epidemic, many restaurants closed dine-in services and turned to takeaway services as their main source of business. Therefore, in the third quarter of this year, the revenue of the takeaway delivery service DoorDash more than tripled. In the most recent quarter, the revenue of children’s game platform Roblox also increased by 91% compared to the same period last year. The reason was that schools were closed due to the epidemic, and many users began to look for new entertainment methods that did not require gathering.
Affirm, an online loan service that provides consumers with clothing, electronics, household goods, and other goods, has almost doubled its revenue in the most recent quarter as people increasingly start shopping online. Online discount retail platform Wish also benefited from the e-commerce boom, but its growth in the third quarter was not high, only 33%.
