When a private company chooses to go public, it often does so by selling shares in an initial public offering (IPO). According to the investor-information website Stock Analysis, there were 480 IPOs in 2020, more than in any of the previous 20 years. So far in 2021, there have already been 479.
Clearly, the IPO market has been white-hot, and it's impossible to keep track of them all. But for this article, we can get to know three from this year's IPO class: ThredUP (NASDAQ: TDUP) , Poshmark (NASDAQ: POSH) , and Bumble (NASDAQ: BMBL) .
All three of these companies reported results for the first quarter of 2021 on May 12. And in all three cases, the market wasn't impressed.
For further details see:
These 3 IPO Stocks Just Plummeted After Reporting First-Quarter Results