In 2017, several notable companies went public and had successful initial public offerings (IPOs). Some of the most memorable IPOs of 2017 include:
- Snap Inc
- Blue Apron Holdings Inc
- Roku Inc
- Carvana Co
- China Literature Ltd
These companies garnered much attention from investors and consumers alike and have shown remarkable growth in the years following their IPOs.
Introduction to IPOs in 2017
The IPO market saw a surge of activity in 2017, with multiple companies readying their business model, strategy, and structure for listing. In 2017, 210 companies went public, raising over $44 billion in capital. This article analyzes the major companies that had their Initial Public Offerings (IPOs) in 2017.
Definition and Basics of IPOs
An IPO or Initial Public Offering is the first stock sale issued by a company to the public, enabling the company to raise capital and expand its business.
In 2017, several major companies had their IPO, including Snap Inc., one of the most high-profile tech IPOs in recent years, Blue Apron, an online meal kit delivery service, and Roku, a digital streaming service. These companies raised capital by selling shares to the public and became publicly traded entities.
IPOs can be a lucrative investment opportunity for individual investors, allowing them to invest in companies with growth potential and a share in its profits. However, it’s important to conduct thorough research and analysis of the company’s financials and market performance before investing. As with any investment, risks are involved, and it’s essential to make informed decisions when investing in IPOs.
Overview of the IPO Market in 2017
2017 was a strong year for the IPO market with many high-profile companies debuting in the public market. Some of the most notable companies that had their IPO in 2017 were:
- Snap Inc. (SNAP)
- Blue Apron Holdings, Inc. (APRN)
- Roku, Inc. (ROKU)
- Redfin Corporation (RDFN)
- MongoDB, Inc. (MDB)
The trend of tech companies going public continued in 2017, with many investors flocking to IPOs in hopes of high returns. However, while some companies, like Snap Inc. experienced significant growth in the months after their IPOs, others like Blue Apron struggled to maintain investor confidence amidst fierce competition.
2017 marked a significant milestone for the IPO market, as new regulations were implemented to increase transparency and accountability in the IPO process. These changes aim to provide more accurate information to investors and reduce the likelihood of fraudulent activity.
Looking back, the IPO market in 2017 proved to be both volatile and exciting, with many companies achieving great success while others faced significant challenges in a highly competitive landscape.
Panies That had Their IPO in 2017
2017 was a big year for initial public offerings (IPOs). Numerous companies had their IPOs in 2017, including some of the biggest names in tech. Here, we’ll talk about some of the biggest IPOs of 2017 and their impact on stock markets.
Snapchat Inc
In March 2017, Snapchat Inc. went public with an Initial Public Offering (IPO) of $17 per share, raising $3.4 billion, and was considered one of the biggest IPOs of 2017. However, the company’s performance on the stock market has been volatile since then.
Despite strong user growth and high engagement rates, the company has struggled to turn a profit and compete with rival social media platforms. In 2018, Snapchat underwent a redesign that was met with widespread criticism, causing a decline in daily active users and a significant drop in the stock price. Since then, Snapchat has made numerous changes to improve its advertising capabilities and user experience and has recently reported better-than-expected revenue growth.
With a market cap of around $62 billion, Snapchat remains a major player in the social media landscape, and its performance on the stock market remains closely watched.
Altice USA Inc
Altice USA Inc. is one of the biggest initial public offerings (IPOs) of 2017, raising over $2 billion in its debut.
Altice USA is a leading telecommunications company, providing broadband, pay-TV, and telephony services to over 4.9 million customers in the United States. The company is a subsidiary of Altice Group, a multinational cable and telecommunications company based in the Netherlands.
Altice USA’s IPO was a significant moment for the company, as it allowed them to increase their financial flexibility and raise capital for future growth opportunities. In addition, the IPO was well-received by investors and signaled a strong demand for telecommunication stocks in the market.
Altice USA has continued to thrive in the years following its IPO, expanding its services and boosting its infrastructure to meet the demands of its customers.
Cloudera Inc
Cloudera Inc. is one of the most notable IPOs of 2017, disrupting the data management and analytics industry with its open-source software solutions.
Cloudera’s IPO raised $259.2 million, making it one of the largest tech offerings of 2017.
Founded in 2008, Cloudera provides a platform that helps businesses manage and analyze big-scale data.
The company’s products and services include enterprise data management, machine learning, and analytics solutions.
With clients ranging from small startups to Fortune 500 companies, Cloudera has become a leader in the big data industry.
As of 2021, the company continues to grow and innovate in data management and analytics.
Canada Goose Holdings Inc
Canada Goose Holdings Inc. was one of the most high-profile IPOs of 2017, with its shares skyrocketing after its debut on public markets.
The Toronto-based company, known for its luxury cold-weather clothing, saw its stock prices surge more than 25% on its first day of trading on the New York and Toronto stock exchanges in March 2017. In addition, its initial public offering raised $256 million, making it one of the biggest IPOs in recent years.
The company’s IPO success was attributed to its strong brand recognition, expanding global reach, and growing demand for high-end winter clothing.
A year after its IPO, Canada Goose continues to thrive in the retail industry, focusing on building its e-commerce presence and expanding its brick-and-mortar stores worldwide.
Roku Inc
Roku Inc. had its initial public offering (IPO) in 2017, and is considered one of the biggest IPOs of the year.
Roku is a leading streaming TV platform allowing users to access various TV shows, movies, and other content from various sources.
The company’s IPO was priced at $14 per share and closed at $23.50, a 68% increase. Roku’s successful IPO raised $219 million, which the company invested to grow its user base and expand its reach.
Since its IPO, Roku’s stock has continued to rise, reaching a $486.72 in December 2020.
Roku remains a popular choice for streaming TV users, with over 50 million active accounts across the US and other countries.
The Best-Performing IPOs of 2017
2017 was a year of some of the most successful and significant Initial Public Offerings (IPOs) in recent years. Companies like Snapchat, Blue Apron, MuleSoft, and Spotify had record-breaking IPOs in the year. As a result, thousands of investors placed their bets and saw the IPO stocks soar when they hit the market.
Let’s take a look back at these IPOs and evaluate their performance in the market.
Canada Goose Holdings Inc
Canada Goose Holdings Inc. was one of the most successful IPOs of 2017, with a remarkable first-day price gain of nearly 26% and a steady performance in the following months.
Canada Goose is a luxury clothing retailer known for its high-quality down jackets, parkas, and accessories. With a strong brand recognition and proven revenue growth, the company attracted significant investor interest at its IPO launch.
Despite concerns about the company’s dependence on cold weather and seasonal sales, Canada Goose has continued to experience robust earnings growth and expansion into new online and offline markets. As a result, the stock has seen a steady increase in value and has outperformed the S&P 500 by a wide margin since its IPO.
Other notable IPOs of 2017 include Okta Inc., Roku Inc., and Dropbox Inc., which also enjoyed successful launches and sustained growth over the past few years.
Panies That Had Their IPO in 2017
Roku Inc. was one of the top-performing IPOs of 2017, with its share price increasing by over 200% in the months following its initial public offering.
Roku is a leading provider of streaming media players and related products, focusing on delivering high-quality video and audio content to consumers worldwide. The company’s platform allows users to access a wide range of streaming services, including Netflix, Hulu, and Amazon Prime Video.
One of the main reasons for Roku’s success is its focus on innovation and customer satisfaction. The company has a track record of developing innovative products that meet the evolving needs of its customers, and it is always looking for ways to improve its offerings and stay ahead of the competition.
Furthermore, Roku’s IPO was backed by strong financials and a solid business model, which gave investors confidence that the company would continue to grow and perform well. As a result, its IPO was oversubscribed, and its share price soared in the months following its debut.
Overall, Roku’s success is a testament to the power of innovative technology, customer-centric business models, and strong financials in driving the success of IPOs in today’s market.
MongoDB Inc
MongoDB Inc. was one of the best-performing IPOs of 2017, with its stock price doubling on the first day of trading and continuing to rise throughout the year.
Founded in 2007, MongoDB is a popular document-oriented NoSQL database program that allows for flexible and scalable data management solutions. Its user-friendly interface has made it a favorite among developers, and many companies have adopted it as their primary database system.
MongoDB’s successful IPO reflected its strong financial performance and growth potential. With a market cap of over $15 billion as of 2021, MongoDB remains a favorite among investors and businesses.
Floor & Decor Holdings Inc
Floor & Decor Holdings Inc. was one of the top-performing IPOs of 2017, making it a great investment opportunity for those looking to invest in home improvement companies.
This Atlanta-based specialty retailer offers a wide selection of tile, wood, natural stone flooring products, and decorative accessories, making it a one-stop-shop for anyone looking to enhance their home interiors.
Since its IPO in April 2017, Floor & Decor’s shares have grown steadily, increasing by over 150% by December 2017. This success is attributed to the company’s strong financial performance and strategic expansion plans, including opening new stores nationwide.
Investors looking to diversify their portfolio and capitalize on the growth potential of the home improvement industry may want to consider investing in Floor & Decor Holdings Inc.
Blue Apron Holdings Inc
Blue Apron Holdings Inc. was one of the significant IPOs of 2017. The company went public in June 2017 and raised $300 million, selling 30 million shares for $10 apiece. Blue Apron is a meal delivery service that sends customers pre-portioned ingredients and recipes to their homes.
Although the IPO was considered a success, Blue Apron’s shares struggled to gain momentum in the market. As a result, the company’s shares kept falling; by the end of 2017, they had dropped by over 62%. In addition, the company faced stiff competition from Walmart, Amazon, and other retailers that entered the meal-kit delivery business.
Despite the challenging market conditions, Blue Apron expanded its product offerings in 2018, adding a wine subscription service to its platform. The company’s shares have since recovered some of their lost value but are still trading well below their initial IPO price.
The Worst-Performing IPOs of 2017
2017 saw a flurry of IPOs with some companies achieving great success and others becoming here-today-gone-tomorrow stories. Amongst the latter, we will be looking at the worst-performing IPOs of 2017 and why they failed to live up to the promise of their listing.
We will explore why these IPOs didn’t make the grade, and how to avoid them in the future.
Snap Inc
Snap Inc. was one of the worst-performing IPOs of 2017. The parent company of Snapchat went public in March 2017, with a share price of $17. However, the company struggled to attract new users and failed to meet revenue expectations, resulting in a decline in share price to $12 by the end of the year.
Other companies that had their IPO in 2017 and performed poorly include Blue Apron, which went public in June 2017 and saw a 70% decline in share value by the end of the year, and RhythmOne, which also struggled to generate revenue and saw a 77% decline in share value in 2017.
These companies serve as a reminder that going public is not a guarantee of success and that investors must carefully evaluate a company’s growth potential before investing in an IPO.
Tintri Inc
Tintri Inc. was one of the worst-performing IPOs of 2017, failing to meet investor expectations and succumbing to financial distress.
Tintri, a data storage company, went public in June 2017 with much buzz and anticipation. However, the excitement fizzled out quickly, and the company struggled to gain traction in the market.
Tintri’s stock price took a significant hit after the IPO, dropping by 74% in the first year. The company was also faced with mounting debts and lawsuits, leading to layoffs and restructuring efforts.
In July 2018, Tintri was acquired by DataDirect Networks, a data storage firm, for $60 million, a fraction of its IPO valuation.
Tintri’s failed IPO is a cautionary tale of the risks of investing in new and untested companies, especially in the tech industry.
Blue Apron Holdings Inc
Blue Apron Holdings Inc. was among the worst-performing IPOs of 2017, which saw numerous disappointments in the IPO market. The meal-kit delivery company went public in June 2017, but faced a tough market with increasing competition and struggled to retain customers.
Investors showed limited interest in the stock, and its price continued to fall after going public. It closed its first trading day at $10, below its IPO price of $10-11. Blue Apron faced numerous challenges including customer acquisition costs, supply chain issues, and management concerns.
The outlook for Blue Apron remains uncertain, but the company continues to explore new ways to boost growth and profitability, including partnerships with retailers and expanding its offerings beyond meal-kits.
Carvana Co
Carvana Co. was one of the worst-performing IPOs of 2017. The online used car dealer went public in April 2017 and the stock price immediately fell by around 26% on the opening day.
While the company had reported revenue growth, it had yet to profit. This, combined with concerns over competition in the industry, led to a lack of investor confidence and a decline in stock value.
Carvana Co. recovered over time and managed to end the year with a gain of more than 80% from its lowest point. However, it remains one of the worst-performing IPOs of 2017.
Pro Tip: It’s important to thoroughly research and analyze a company’s financials and industry competition before investing in an IPO.
Redfin Corp
Redfin Corp. was one of the worst-performing IPOs of 2017, ending the year down nearly 20% from its initial offering price.
Despite the disappointment in its stock performance, Redfin Corp. remains one of the most innovative and tech-savvy players in the real estate industry. The company has gained the trust of its customers by providing a more transparent and efficient home buying experience through its online platform.
Redfin Corp. has a bright future, with plenty of room for growth in the real estate market. With their tech-driven approach and strong customer focus, they are well-positioned for success in the future.
Lessons Learned from the 2017 IPO Market
With 2017 being a record year for IPOs, some of the biggest companies in their respective industries had their initial public offering (IPO). Companies such as Uber, Spotify, and Dropbox had their IPO during the year. They allowed investors to get in on the ground floor of some of the world’s most successful companies.
In this article, we’ll look back at the 2017 IPO market and the lessons we can learn from it.
Overall Performance of the IPO Market in 2017
The overall performance of the IPO market in 2017 was quite strong, with several notable IPOs from companies in various sectors. Some of the top-performing IPOs of 2017 include:
- Snap (Snapchat’s parent company), which went public in March and experienced a surge in share price in the following months
- Roku, which had a successful IPO in September and saw strong growth throughout the year
- Blue Apron, which faced some challenges following its June IPO but continued to see strong demand for its meal-kit delivery service
These successful IPOs highlight the potential for companies to raise significant capital and boost their visibility through the public markets. However, some companies’ challenges demonstrate the importance of planning and execution in the IPO process.
Pro tip: Before taking a company public, carefully evaluate market conditions, establish a strong investor base, and effectively communicate your company’s growth story to potential shareholders.
Key takeaways for Investors and Companies
The 2017 IPO market offers valuable lessons for investors and companies planning to go public.
Key takeaways for investors:
- Look beyond hype and buzz when evaluating IPOs.
- Focus on the company’s fundamentals, such as revenue growth, profitability, and market potential.
- Be cautious of IPOs with high valuations, low barriers to entry, and disruptive competitors.
- Monitor post-IPO performance closely to adjust your investment strategy.
Key takeaways for companies:
- Build a solid business foundation before going public.
- Develop a clear and compelling strategy for growth and sustainability.
- Communicate your story and value proposition effectively to potential investors.
- Foster a culture of innovation and adaptability to thrive in a competitive market.
Future of the IPO Market
The future of the IPO market looks promising, although there are valuable lessons to be learned from the events that unfolded in 2017 IPO market. In 2017, several high-profile companies went public, such as Snap Inc. and Blue Apron, and many of them struggled in their early days as publicly-traded firms.
Some of the lessons learned from the 2017 IPO market include:
- Market timing is crucial – companies should go public with solid financials and a strong market demand for their product or service.
- Investors are becoming more discerning – they are looking for companies with a strong business model, a clear path to profitability, and a proven track record of success.
- Business fundamentals matter – companies must prioritize building a sustainable business model over hype and flashy marketing tactics.
With these lessons in mind and a strategic approach, the IPO market is poised for growth and success in the coming years.
