This article studies 23 companies that went public (IPO) in 2018. For each, we’ll explore a couple of factors that made them special.
Companies that had their IPO in 2018
1. Spotify Technology S.A. (SPOT)
- IPO Date: April 3, 2018
- IPO Price: $165.90
- Valuation at IPO: Not specified
- Stock Symbol: SPOT
Spotify, the popular music streaming service, went public using a unique direct listing process. Despite initial excitement, the stock experienced volatility post-IPO, trading below its initial price.
2. Dropbox Inc. (DBX)
- IPO Date: March 23, 2018
- IPO Price: $21
- Valuation at IPO: Not specified
- Stock Symbol: DBX
Dropbox, a cloud storage and file sharing company, raised over $750 million in its IPO. However, the stock experienced fluctuations post-IPO due to intense competition in the market.
3. DocuSign Inc. (DOCU)
- IPO Date: April 27, 2018
- IPO Price: $29
- Valuation at IPO: Not specified
- Stock Symbol: DOCU
DocuSign, known for electronic signature and digital transaction management, saw shares soar over 30% on their first day of trading. The company’s services became even more in demand during the pandemic, contributing to its success.
4. ADT Inc. (ADT)
- IPO Date: January 19, 2018
- IPO Price: $14
- Valuation at IPO: Not specified
- Stock Symbol: ADT
ADT, a provider of security and automation solutions for homes and businesses, went public early in 2018. The company’s IPO marked its entry into the public market.
5. Bloom Energy Corp. (BE)
- IPO Date: July 24, 2018
- Valuation at IPO: $1.6 billion
- Money Raised at IPO: $270,000,000
- Stock Symbol: BE
Bloom Energy, a company focused on providing clean, reliable, and affordable energy, finally went public in 2018 after years of anticipation. The IPO marked an important milestone for the company’s growth and expansion efforts.
6. Uxin Ltd. (UXIN)
- IPO Date: June 27, 2018
- Valuation at IPO: $3.5 billion
- Money Raised at IPO: $225,000,000
- Stock Symbol: UXIN
Uxin, an e-commerce platform for used cars based in China, had a successful IPO despite pricing its shares below the target range.
However, the company faced challenges post-IPO with a decline in share price.
7. HyreCar Inc. (HYRE)
- IPO Date: June 25, 2018
- Valuation at IPO: $58 million
- Money Raised at IPO: $12,600,000
- Stock Symbol: HYRE
HyreCar, a platform that allows individuals to rent out their cars to drivers for ridesharing services, went public in 2018. The company’s unique business model attracted attention, although it faced profitability challenges.
8. i3 Verticals Inc. (IIIV)
- IPO Date: June 20, 2018
- Valuation at IPO: $328 million
- Money Raised at IPO: $86,450,000
- Stock Symbol: IIIV
i3 Verticals, a Nashville-based company providing credit card processing services, had a successful IPO with shares performing well after trading. The company’s strong performance reflected investor confidence in its business model.
9. Avalara Inc. (AVLR)
- IPO Date: June 12, 2018
- Valuation at IPO: $1.364 billion
- Money Raised at IPO: $157,500,000
- Stock Symbol: AVLR
Avalara, a provider of tax compliance software, exceeded expectations in its IPO with shares trading well above the initial price. The company’s strong market debut showcased investor interest in technology solutions for business compliance.
10. Yeti Holdings, Inc. (YETI)
- IPO Date: October 25, 2018
- IPO Price: $18
- Valuation at IPO: Not specified
- Stock Symbol: YETI
Yeti, known for its high-end coolers and outdoor equipment, went public in 2018. The company’s IPO marked its continued growth and expansion efforts in the outdoor lifestyle market.
11. Elastic N.V. (ESTC)
- IPO Date: October 5, 2018
- IPO Price: $36
- Valuation at IPO: Not specified
- Stock Symbol: ESTC
Elastic, a company specializing in open-source search and analytics software, had a successful IPO in 2018. The company’s innovative solutions attracted investors, driving its strong performance post-IPO.
12. Eventbrite, Inc. (EB)
- IPO Date: September 20, 2018
- IPO Price: $23
- Valuation at IPO: Not specified
- Stock Symbol: EB
Eventbrite, an event management and ticketing platform, raised $230 million in its IPO in 2018. The company’s platform continued to grow in popularity, contributing to its successful market debut.
13. BJ’s Wholesale Club Holdings, Inc. (BJ)
- IPO Date: June 28, 2018
- IPO Price: $17
- Valuation at IPO: Not specified
- Stock Symbol: BJ
BJ’s Wholesale Club, a membership-only warehouse club chain, returned to the public market in 2018. The company’s IPO reflected investor interest in retail and consumer goods sectors.
14. GreenSky, Inc. (GSKY)
- IPO Date: May 24, 2018
- IPO Price: $23
- Valuation at IPO: $4.4 billion
- Stock Symbol: GSKY
GreenSky, a fintech company providing online lending for home improvement projects, had a successful IPO in 2018. The company’s innovative approach to lending attracted investor attention, driving its market debut.
15. Zscaler, Inc. (ZS)
- IPO Date: March 16, 2018
- IPO Price: $16
- Valuation at IPO: Not specified
- Stock Symbol: ZS
Zscaler, a cloud-based cybersecurity company, saw its share price double in just a few months post-IPO. The company’s strong performance reflected increasing demand for cybersecurity solutions in the digital age.
16. Dayforce (Ceridian HCM Holding Inc.)
- IPO Date: April 26, 2018
- IPO Price: $22
- Valuation at IPO: $2.29 billion
- Stock Symbol: CDAY
Dayforce, a human capital management software company, had a successful IPO in 2018. The company’s innovative solutions for workforce management attracted investor interest, driving its market debut.
17. Zuora, Inc. (ZUO)
- IPO Date: April 12, 2018
- IPO Price: $14
- Valuation at IPO: Not specified
- Stock Symbol: ZUO
Zuora, a subscription management platform, raised $154 million in its IPO in 2018. The company’s platform continued to gain traction among businesses transitioning to subscription-based models, contributing to its successful market debut.
18. PagSeguro Digital Ltd. (PAGS)
- IPO Date: January 24, 2018
- IPO Price: $21.50
- Valuation at IPO: $2.27 billion
- Stock Symbol: PAGS
PagSeguro Digital, a Brazilian fintech company, had a successful IPO in 2018. The company’s innovative payment solutions attracted investor interest, driving its market debut.
19. Pinduoduo Inc. (PDD)
- IPO Date: July 26, 2018
- IPO Price: $19
- Valuation at IPO: $1.6 billion
- Stock Symbol: PDD
Pinduoduo, a Chinese e-commerce platform, raised $1.6 billion in its IPO in 2018. The company’s platform, known for its group buying model, continued to gain popularity among Chinese consumers, contributing to its successful market debut.
20. StoneCo Ltd. (STNE)
- IPO Date: October 25, 2018
- IPO Price: $24
- Valuation at IPO: Not specified
- Stock Symbol: STNE
StoneCo, a Brazilian fintech company specializing in payment processing solutions, had a successful IPO in 2018. The company’s innovative approach to financial technology attracted investor interest, driving its market debut.
21. Domo Inc. (DOMO)
- IPO Date: June 29, 2018
- IPO Price: $21
- Valuation at IPO: $511 million
- Stock Symbol: DOMO
Domo, a cloud-based business intelligence software company, raised $193 million in its IPO in 2018. The company’s platform continued to gain traction among businesses seeking data analytics solutions, contributing to its successful market debut.
22. Carbon Black, Inc. (CBLK)
- IPO Date: May 4, 2018
- IPO Price: $19
- Valuation at IPO: Not specified
- Stock Symbol: CBLK
Carbon Black, a cybersecurity company specializing in endpoint security solutions, saw its share price surge post-IPO. The company’s strong performance reflected increasing demand for cybersecurity solutions in the digital age.
23. Pivotal Software, Inc. (PVTL)
- IPO Date: April 20, 2018
- IPO Price: $15
- Valuation at IPO: Not specified
- Stock Symbol: PVTL
Pivotal Software, a software company providing cloud-native platform solutions, raised $555 million in its IPO in 2018. The company’s platform continued to gain traction among businesses seeking to build and deploy software applications in the cloud.
TOP 5: International IPOs of 2018
These are the top 5 most successful IPOs outside of the US from 2018:
- SoftBank Corp (Japan) – Raised $23.5 billion
- China Tower Corp Ltd (China) – Raised $7.5 billion
- Xiaomi Corp (China) – Raised $4.7 billion
- Siemens Healthineers AG (Germany) – Raised $4.2 billion
- Meituan Dianping (China) – Raised $4.2 billion
Frequently Asked Questions
1. What was the top IPO in 2018?
The top IPO in 2018 was SoftBank Corp, which raised $23.5 billion.
- SoftBank Corp is a telecommunications company and a subsidiary of the SoftBank Group, which is known for its investments in technology companies worldwide.
- The IPO marked a significant event in Japan’s market and signaled investor confidence in the company’s future prospects.
2. What is the most successful IPO in history?
The most successful IPO in history is widely considered to be that of Saudi Aramco, the Saudi Arabian state-owned oil company.
In December 2019, Saudi Aramco raised $29.4 billion through its initial public offering (IPO), surpassing the previous record held by Alibaba Group‘s IPO in 2014.
3. What is the IPO of India 2018?
The IPO of India in 2018 refers to the initial public offerings that took place in India during that year. Some notable IPOs in India in 2018 included:
- Bandhan Bank – Raised approximately $699 million.
- Hindustan Aeronautics Limited (HAL) – Raised approximately $862 million.
- ICICI Securities – Raised approximately $536 million.
- Lemon Tree Hotels – Raised approximately $133 million.
- HDFC Asset Management Company – Raised approximately $1.3 billion.
These IPOs contributed significantly to the capital markets and investment landscape in India during 2018.
