A lot of recent IPOs have buckled below their original price tags, and last month, I took a look at some of this year's discarded rookies that should bounce back in 2020. Now it's time for me to go back a year and size up the 2018 IPO class to see which broken offerings have the potential to turn things around.
Upwork (NASDAQ: UPWK) and Dropbox (NASDAQ: DBX) are two of last year's debutantes that I can see cracking their IPO price ceilings next year. It goes without saying that when you invest in IPO stocks, you should be willing to take on a fair amount of risk, but let's go over why these out-of-favor investments have what it takes to recover in 2020.
Image source: Dropbox.