In just a few months' time, a lot has changed. Many operations that rely on in-person interaction have been rendered redundant, and with digital businesses picking up the slack, it looks increasingly likely the world will never be the same.
It's amid this backdrop that a class of new stocks are making their public debut. Three IPOs from mid July I think are worth watching closely are nCino (NASDAQ: NCNO), GoHealth (NASDAQ: GOCO), and Digital Media Solutions (NYSE: DMS).
Our first subject tripled in its first day of trading. nCino is a software platform that helps typically IT-deprived small- and medium-sized banks and credit unions digitize their operations and replace and/or automate legacy processes. This kind of digital transformation is sweeping the business world, and shelter-in-place orders are making the typical in-person relationship smaller banks used to thrive on especially difficult. It's no wonder then that nCino's IPO was greeted with such gusto.