by Fred Fuld III and Nkem Iregbulem
Have you ever tried to get in on a hot Initial Public offering but missed out? Suppose you could have been able to get some shares on the IPO. Do you think it would have worked out?
We ran an analysis of a large selection of all the stocks that went public during the first half of the year, to determine how successful the IPO shareholders would have been. We looked at both the return on the day of the IPO and the return from the IPO to the end of June.
You will notice that of the 23 stocks, some of the stocks were down on the first day of trading but ended up year-to-date. One example is Evolus (EOLS), a provider of Botox aesthetic treatments and procedures. The stock was down 4% on the day of the IPO but increased by 128% from its IPO in February to the end of June.
The mean average of the percentage returns for the stocks on the day of the IPO was 5.78%. The overall mean average of the returns from the day of the IPO to the end of June was 18.84%. That is a decent return, especially when you consider that the S&P 500 was only up 0.8% over the same period.
The details can be found below:
| Company | Symbol | IPO price | End of IPO Day Price | %chg | Price End of June | %chg |
| Neuronetics | STIM | 17.00 | 27.78 | 63% | 27.78 | 63% |
| Entera Bio | ENTX | 8.00 | 6.28 | -22% | 5.99 | -25% |
| HyreCar | HYRE | 5.00 | 5.10 | 2% | 4.89 | -2% |
| The Lovesac Company | LOVE | 16.00 | 23.99 | 50% | 21.33 | 33% |
| Chicken Soup for the Soul | CSSE | 12.00 | 9.25 | -23% | 9.56 | -20% |
| I3 Verticals | IIIV | 13.00 | 18.35 | 41% | 14.75 | 13% |
| Magenta Therapeutics | MGTA | 15.00 | 14.52 | -3% | 13.68 | -9% |
| ElectroCore LLC | ECOR | 15.00 | 19.85 | 32% | 17.46 | 16% |
| Iterum Therapeutics | ITRM | 13.00 | 12.24 | -6% | 11.50 | -12% |
| Hancock Jaffe Laboratories | HJLI | 5.00 | 5.24 | 5% | 3.40 | -32% |
| CLPS Incorporation | CLPS | 5.25 | 5.04 | -4% | 13.43 | 156% |
| Aslan Pharmaceuticals | ASLN | 7.03 | 5.61 | -20% | 7.78 | 11% |
| GrafTech International | EAF | 15.00 | 14.45 | -4% | 18.46 | 23% |
| Biofrontera | BFRA | 9.88 | 12.18 | 23% | 11.99 | 21% |
| Motus GI Holdings | MOTS | 5.00 | 4.38 | -12% | 7.27 | 45% |
| Victory Capital | VCTR | 13.00 | 11.60 | -11% | 10.10 | -22% |
| Evolus | EOLS | 12.00 | 11.50 | -4% | 27.32 | 128% |
| One Stop Systems | OSS | 5.00 | 4.88 | -2% | 4.45 | -11% |
| Genprex | GNPX | 5.00 | 4.50 | -10% | 7.90 | 58% |
| Pagseguro Digital | PAGS | 21.50 | 29.20 | 36% | 27.82 | 29% |
| EyeNovia | EYEN | 10.00 | 9.92 | -1% | 6.45 | -36% |
| Nine Energy Service | NINE | 23.00 | 26.10 | 13% | 33.04 | 44% |
| ADT | ADT | 14.00 | 12.39 | -12% | 8.46 | -40% |
| AVERAGE | 5.78% | 18.84% |