- The companies were assessed based on their percentage gain since hitting the market.
- The list includes some familiar names, but others may come as a surprise.
- .
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These are the 10 best-performing IPOs of 2019 so far
Renaissance Capital, a provider of institutional research and initial public offering ETFs, ranked the top ten best performing IPOs so far in 2019.
FILE - In this June 20, 2019, file photo traders gather at a post on the floor of the New York Stock Exchange as they wait for the Slack Technologies IPO to begin trading. Stocks are off to a mixed start on Wall Street on Monday, June 24, as gains for technology companies are offset by losses in health care and other sectors. (AP Photo/Richard Drew, File)
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2019 has been an exciting year for the initial public offering market.
Popular, venture-backed companies from Uber to Pinterest all entered the public market over the course of a few months, raising almost $25 billion total, according to the latest estimates from Renaissance Capital, a provider of institutional research and IPO ETFs.
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Companies that have gone public this year have largely performed well in the market. According to Renaissance Capital's review of the IPO market in the second quarter of 2019, the average return has been about 30%.
Here are the top ten best performing IPO's so far in 2019 on a percentage basis:
10. Jumia Technologies
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Ticker : JMIA
Offer Date: April 11, 2019
Deal Size: $196 million
Sector: Technology
Return from IPO: 80.1%
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Source: Renaissance Capital
9. CrowdStrike Holdings
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CrowdStrike
Ticker : CRWD
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Offer Date: June 11, 2019
Deal Size: $612 million
Sector: Technology
Return from IPO: 84.3%
Source: Renaissance Capital
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8. Revolve Group
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Ticker : RVLV
Offer Date: June 6, 2019
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Deal Size: $212 million
Sector: Consumer Discretionary
Return from IPO: 86.4%
Source: Renaissance Capital
7. Tufin Software
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Ticker : TUFN
Offer Date: April 10, 2019
Deal Size: $108 million
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Sector: Technology
Return from IPO: 88.1%
Source: Renaissance Capital
6. PagerDuty
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PagerDuty
Ticker : PD
Offer Date: April 10, 2019
Deal Size: $218 million
Sector: Technology
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Return from IPO: 93.7%
Source: Renaissance Capital
5. Turning Point Therapeutics
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Ticker : TPTX
Offer Date: April 16, 2019
Deal Size: $167 million
Sector: Healthcare
Return from IPO: 117.1%
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Source: Renaissance Capital
4. Cortexyme
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Ticker : CRTX
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Offer Date: May 8, 2019
Deal Size: $75 million
Sector: Healthcare
Return from IPO: 127.1%
Source: Renaissance Capital
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3. Silk Road Medical
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Ticker : SILK
Offer Date: April 3, 2019
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Deal Size: $120 million
Sector: Healthcare
Return from IPO: 129%
Source: Renaissance Capital
2. Zoom Video Communications
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Ticker : ZM
Offer Date: April 17, 2019
Deal Size: $751 million
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Sector: Technology
Return from IPO: 139.8%
Source: Renaissance Capital
1. Beyond Meat
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Ticker : BYND
Offer Date: May 1, 2019
Deal Size: $241 million
Sector: Consumer Staples
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Return from IPO: 541.9%
Source: Renaissance Capital
See Also:
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- The next jobs report will be the most important in recent memory. Here's why it could be a make-or-break moment for the stock market's red-hot rally.
- 'Don't trust the US stock market at this level': One expert outlines a scenario that could send equities crashing with little notice
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