U - These 3 Recent IPO Stocks Look Especially Promising for 2021
Given the way the year started, it may come as a surprise that 2020 was one of the biggest years ever for IPOs. With a month left to go, over 400 companies made their public debut on U.S. stock exchanges during the COVID-19 pandemic -- with one of the biggest ones, Airbnb, still scheduled before 2021 begins.
Among the year's IPO class are many promising technology names, but Unity Software (NYSE: U) , Amwell (NYSE: AMWL) , and Jamf (NASDAQ: JAMF) look especially promising to me. As a new digital era begins, these three companies have momentum on their side and operate in large industries.
Unity's IPO back in September was one of the largest tech IPOs of 2020. The company started publicly trading with a market cap valuation of nearly $20 billion, and since then has doubled and is now worth nearly $40 billion. With revenue over the trailing 12-month stretch of $674 million, this is one high-priced stock at nearly 59 times sales.
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These 3 Recent IPO Stocks Look Especially Promising for 2021