This shortened market week has been a busy time for IPOs, with shares of Coursera, Frontier Airlines, and Compass going public. Some are trading up, some are trading sideways, and others are falling: 

🎓Coursera, a digital EdTech platform backed by Google and major universities, went public on Wednesday to great fanfare with investors. $COUR was priced at $33 per share on Tuesday before their IPO, but began trading much higher. By the end of Wednesday, the stock was worth $45. Today, the stock climbed as much as 13% in session before closing out the day with a marginal 1.5% gain. 

✈️ Airline company Frontier Group started trading today. It closed out the day below its offering price of $19 per share. Frontier, a quaint budget carrier with a little over 5% of the market share, is the second airline to come to market during the pandemic. $ULCC is down just 0.8% today. It’s a signal that the airline industry is starting to take off again. 

🧭Real estate company Compass, backed by SoftBank (y’know, the same people who brought you WeWork and a CEO who likened being bad at investing to being ‘misunderstood like Jesus’), downsized their IPO price range on Wednesday because of perceived lower demand. Even after the slight cut, $COMP ended up down 4.4% on their IPO day. 

So, what IPOs have you been watching or getting in on?

Author Profile Picture

Noah Weidner

Noah Weidner is a restless self-starter with a vehement interest in all things that make the world go around: culture, politics, economics and all the people in between. He writes the Bullish Rippers series and covers other interesting trends and happenings at Bullish.

What Did You Think?

Join The Discussion

Be the first to Comment!


Leave your comment: