IPO calendar: Upcoming and recent IPOs

2019 was a massive year for initial public offerings (IPOs) and 2020 is giving it a run for its money.

In 2019, the likes of Beyond Meat and Uber went public, along with lots of other big brands.

Despite the turbulence caused by coronavirus, 2020 has also been a bumper IPO year. Lemonade and Nikola Motors both made waves with their stock market debuts, and we expect to see IPOs from apps like Airbnb, Snowflake and Bumble too.

2020 IPO calendar

IPOs can be big opportunities to keep tabs on as a trader or investor.

So, to keep across all the upcoming IPOs we’ve made this IPO tracker! Wahey!

You can check out which companies are rumoured to be considering an IPO, which have filed for an IPO or just check out any of the companies that have recently completed an IPO.

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Hargreaves Lansdown

What is an IPO?

An IPO is a process where a private company sells shares to public investors for the first time and lists on a stock exchange.

The main reason a company would have an IPO or “go public” in this way is to raise money by selling its shares. The money raised can help the company expand its business further and pay back anyone who’s helped fund it up until that point.

What are the benefits of an IPO?

Raise capital

The main benefit of an IPO is to raise capital quickly for the business. By issuing shares to a large number of investors, a company can use this cash to grow the business (e.g. research, infrastructure, expansion).

Publicity

Publicity is another major benefit of an IPO. Lesser-known companies can steal the limelight for a few days or week, which helps increase business opportunities. For example, a publicly listed company comes with a degree of prestige and pedigree. This can also help people attract top talent to the business to help fuel growth.

What are the main disadvantages of an IPO?

It’s a long process

An IPO can take six to nine months, but it could end up being much longer. During that period, the company’s management team will have to devote a lot of time to the process, depriving them of the time they also need to spend on the business and making it a success.

It costs money

Similarly, an IPO costs a lot of money. Companies usually consult with financial and legal experts, which comes at a big cost. On top of that, once a company is public, it has additional admin duties to fulfil (additional accounting/reporting and more documents to disclose how the business is being run). All of that costs money.

The business now answers to shareholders

Part and parcel of going public includes being answerable to shareholders. If shareholders have a big portion of ownership of a company, they can then override management choices and decisions. Shareholders can also vote to remove managers and senior staff. Under pressure to perform well for the shareholders, many businesses end up making poor decisions, focusing on short-term wins instead of building a long-term business.

What is an IPO example?

A recent example of an IPO is Uber, which went public on 9 May 2019. Uber’s price was set between US$45 and US$50 per share with a targeted valuation between US$80 billion and US$90 billion. It announced an IPO with an offering of 180 million shares at US$45 per trade and began trading at US$42 per share on the New York Stock Exchange (NYSE) on 10 May 2019.

It has been a less than 5-star experience for Uber since then, currently trading at just over US$37 per share. This doesn’t mean that Uber’s share price is driving downhill in the future, though. There’s plenty of potential for it to rise again.

What is the IPO process?

When starting out, a company is private. It usually starts with a small number of shareholders, often including the founders’ family and friends and any professional investors.

When the company is at the stage that it wants to “go public”, it starts the process of an IPO. It might choose to make a public announcement of its plans and it starts to advertise to underwriters.

An underwriter prices the shares of the company and the existing shares of the company are converted into public ownership at the new value. The company needs to ensure it meets the requirements for public companies, often needing to appoint a board of directors.

On the IPO date, the company issues its shares.

Is it good to invest in an IPO?

Usually, the initial share price offered by the company is reasonable, but investors investing in an IPO should expect volatility in the share price immediately after the company floats, such as the earlier example from Uber.

Most investors who choose to invest in an IPO do so because of the opportunity to invest in younger companies. The added risk gives a higher potential return, but it also has higher potential losses.

How are IPOs calculated?

Factors that determine the valuation of an IPO include:

• Demand for shares
• Comparable companies in the industry
• Prospects for future growth
• Company narrative

Compare platforms to buy shares

If you’re keen on investing in a company soon after its IPO, you’re going to need an investment account. Compare the UK’s leading brands below.

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Name	Product	Price per trade	Frequent trader rate	Platform fees	Brand description
Fineco		£2.95	£2.95	Zero platform fee	Your first 50 trades are free with Fineco, until 31/12/2020. T&Cs apply. Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. Capital at risk.	Go to site View details	Compare	loading Fetching your data...
IG		0% commission on US shares, and £3 on UK shares	From £5	£0 - £24 per quarter	IG is good for experienced traders, and offers learning resources for beginners, all with wide access to shares, ETFs and funds. Capital at risk.	Go to site View details	Compare	loading Fetching your data...
eToro Free Stocks		0% commission, no markup, no ticket fee, no management fee	N/A	Withdrawal fee & GDP to USD deposit conversion	Capital at risk. 0% commission but other fees may apply.	Go to site View details	Compare	loading Fetching your data...
Hargreaves Lansdown Fund and Share Account		£11.95	£5.95	No fees	Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. Capital at risk.	Go to site View details	Compare	loading Fetching your data...
Interactive Investor		From £7.99 on the Investor Service Plan	From £7.99 on the Investor Service Plan	No transfer fees or exit fees. £9.99 a month on the Investor Service Plan	Open an ISA, Trading Account or SIPP you will get £100 of free trades to buy or sell any investment (new customers only). Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.	Go to site View details	Compare	loading Fetching your data...

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