2018 and 2019 have been hot years for the IPO market. Investor appetite for new and fast-growing companies has been voracious, and start-ups and their early investors have used all-time stock market highs to cash in. In the last couple months, though, talk of a recession has been on the rise, and some of that appetite for risk has tempered.
Recession or not, many new stocks still hold a lot of promise. For those in it for the long haul, Pinterest (NYSE: PINS), DocuSign (NASDAQ: DOCU), and Spotify Technology (NYSE: SPOT) are worth watching closely.
Pinterest, the social media company that allows users to "pin" ideas and projects to a digital board, has built quite the following since its founding in 2010. The company boasts 300 million active monthly users around the globe, making it tiny in comparison to some of its social media peers. But Pinterest is still growing fast, and an expanding and highly engaged user base could make this another digital advertising powerhouse.