Initial public offerings (IPOs) could be a gold mine for investors. This 2021, several big-name companies are ready to commence with their IPO plans. Following Roblox, Affirm Holdings and Atotech, below are several IPOs worth to pay attention to in 2021!
Petco is probably the longest-running firm on the list. Founded in 1965, Petco was seen publicly traded until 2006. Since then, the company has been under the ownership of private equity investors. The pet retail giant is set for an IPO deal worth $800 million.
The firm has gone through a lot of changes. It started off as a local veterinary supplies shop. Then, the company integrated technology and grew into a comprehensive pet care ecosystem. In its business practice, Petco puts the health and wellness of pets as the first priority.
Along with the IPO, Petco hopes to follow online pet retailer, Chewy’s increasing demand. Chewy’s public listing in 2019 generated a 107% incline in its business performance. Petco itself has been recording net losses since 2018 with $243 million. In 2019, however, Petco recorded a $103 million less net losses. Accordingly, net losses from the same period slightly rose from $4.39 billion in 2019 to $4.43 billion in 2019.
Supermarkets have been gaining their momentum during the pandemic due to the surging demand for delivery services. Southeastern Grocers’ IPO might be one promising choice for you. Southeastern Grocers’ IPO in 2021 is predicted to raise around $500 million.
After thriving through bankruptcy in May 2018, Southeastern Grocers currently own 420 operating supermarkets and Winn-Dixie, Harveys, and Fresco y Más names as its subsidiaries. The company stated that an ambitious expansion back in 2011 to 2015 had left a big dent in its financial performance. However, the store base expanded by 256% after the massive expansion project.
According to Yahoo, the company’s financial performance gradually recovered soon after. In 28 weeks that ended July 10, 2018, the company reported a $62 million net loss. The figure changed into $205 million of net income in the 28 weeks that ended July 8, 2020.
Obviously, aside from the companies that Yahoo put in its “worth-to-watch” list, there are more IPOs that you can opt for. Dating app Bumble and online education platform Coursera are some of them. Overall, the upcoming IPO plans could be much more promising than the previous year. Kathleen Smith of Renaissance Capital told Yahoo that “as long as the market holds up, we could very likely see a better year in 2021 than we saw in 2020.”