Rivian, Robinhood, Bumble: How Some Of 2021’s Biggest IPOs Are Faring

Feb 05, 2022

Rivian, Robinhood, Bumble: How Some Of 2021's Biggest IPOs Are Faring

During the COVID-19 pandemic, a swarm of initial public offerings, both big and small, have gone public, with some doing better than others. Higher inflation and the prospect of tighter monetary policy have weighed heavily on the shares of several firms that went public in 2021, some of which have yet to declare a profit.

The largest IPOs of 2021 and 2020, as assessed by the amount of money collected, demonstrate that stocks of the top five IPOs of last year performed worse than those of the largest IPOs to go public in 2020.

Snowflake Software, Airbnb, Doordash, Royalty Pharma, and the entertainment and record business Warner Music Group went public in 2020. Some of these companies are down year to date and have fallen far from their intra-day 52-week peaks. All five, however, are trading at a premium to their original public offering price.

The same cannot be true for the top five IPOs in 2021. Those stocks are presently selling at a discount to their original public offering price.

The following is a list of last year's biggest offerings, ordered by how much their share price has dropped after their IPOs.

Didi

*Stock is down 75% from its IPO price of $14 per share.

The Chinese ride-hailing behemoth, which is about to delist from the New York Stock Exchange, is the most battered brand among the pandemic's top IPOs. Soon after raising $4.4 billion in its first public offering in June 2021, Chinese officials launched a probe into the Uber-backed firm. Didi stated in early December that it would delist from the NYSE and migrate to the Hong Kong market, indicating China's tightening grip over corporations.

Robinhood

*Stock is down 60% from its IPO price of $38 per share.

The trading app at the heart of last year's GameStop crisis went public in late July, generating $2.1 billion. In early August, the stock reached an intraday high of $85 per share. The price hit fresh intraday lows of just under $10 a share but has subsequently risen to roughly $15. Robinhood's second quarter last year exceeded forecasts due to record crypto trading, but the firm saw a downturn in the third and fourth quarters.

Coupang

*Stock is down 40% from its IPO price of $35 per share. The South Korean e-commerce company's shares are down roughly 40% from their IPO price of $35. In March of last year, the business raised $4.6 billion. The shares skyrocketed on its first trade day, valuing the business at about $109 billion. The corporation is now worth more than $36 billion.

Bumble

*Stock is down 35% from its IPO price of $43/share.

When the dating app, where only women may begin a conversation, went public on February 10, 2021, it raised $2.15 billion. Soon after going public, the Austin-based company's stock achieved an all-time high of $84.80. They have dropped by more than 40% since November.

Rivian

*Stock is down 21% from its IPO price of $78 per share.

Rivian raised $11.9 billion after pricing its shares on November 10, 2021, at $78 per share. Shares of the electric vehicle company, backed by Amazon and Ford, skyrocketed on their first day of trade, finishing just over $100 per share. The stock rose further in the days after its first public offering. Following years of EV behemoth Tesla being the only game in town, the euphoria around the IPO showed investor appetite for all things in the electric car industry. Rivian's market capitalization rose to $153 billion by mid-November but has subsequently fallen. Many electric car players have lately decreased in response to the potential of increasing borrowing rates to battle inflation. Rivian is presently valued at roughly $55 billion.

Subscribe Our Newsletter

Tesla Earnings Are Coming. They Better Be Good.
Tesla Earnings Are Coming. They Better Be Good.

Tesla stock trading has been a wild ride recently. It's about to become much crazier, as the electric car business is scheduled to publish fourth-quarter profits after Wednesday's closing of the market.

Companies
S&P 500 Forecast: Is Another All-Time High on the Horizon?

Nato

S&P 500 Forecast: Preparing for Another Record High?

Discover the latest S&P 500 forecast as the index hits a new record high. Learn about key factors, including the impact of tech giants like NVIDIA.

Stock Market Forecast
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Tamta

Best Decentralized Crypto Exchanges In 2023
Today, we have countless opportunities to convert our fiat currency to cryptocurrencies and vice versa, but in the beginning, when these digital assets were still unfamiliar and strange for the masses, purchasing cryptos or exchanging them was not so simple.

discover
What’s at Stake? Here’s How to Avoid Scam Tokens

Constantine

What’s at Stake? Here’s How to Avoid Scam Tokens

Thanks to the development of crypto technology, there are all kinds of projects designed to transform the financial system and give society new ways to invest, pay for goods and services, interact with virtual reality and much more.

Blockchain
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL

    Alexander

    Tax Refund Timeline: When Will You Get Your Tax Return?

    how long does it take for tax refund

    Constantine

    Crypto Liquidity — What is it, and How to Measure It?

    What is Crypto Liquidity and How to Measure It?

    Constantine

    AI in Finance: A Game-Changing Trend Shaping the Industry

    AI in Finance

    Hazem

    5 Ways to Make Money with ChatGPT and Build Your Wealth

    Make Money with ChatGPT

    Constantine

    Top AI Companies to Invest in April 2025

    Top AI Companies to Invest in March 2025

    DeepSeek vs ChatGPT: Which AI Technology is Better For You?

    DeepSeek vs ChatGPT: Feature-by-Feature AI Tool Comparison

    Constantine

    Top Solana Meme Coins in 2025: Best Presales and Where to Buy

    Solana Meme Coins 2025

    Alexander

    How Renewable Energy Stocks Can Supercharge Your Portfolio

    How Renewable Energy Stocks Supercharge Your Portfolio

    SEC Crypto Regulations: What Financial Advisors Need to Know

    SEC Crypto Regulations: Insights for Financial Advisors

    Hazem

    The Cup and Handle Pattern – How Trade Using This Bullish Indicator?

    Cup and Handle Pattern – How to Predict Price Breakouts?

    Hazem

    Year-Over-Year (YoY): What It Means? How It’s Used in Finance?

    Year-Over-Year (YoY): How to Calculate Business Performance?

    Constantine

    What is WAGMI and NGMI? Understanding Crypto Slangs

    WAGMI vs. NGMI
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.