Affirm Holdings (AFRM)Īffirm Holdings, like Roblox, was expected to IPO in December 2020. “I look at Roblox and, although they are losing money, they have positive cash flow and it’s a $1 billion-plus IPO, so I think investors are going to pay attention to that,” Smith said. Smith says the firm should see a huge amount of interest from investors. Roblox, which was widely expected to debut in December, delayed its move into the public markets after Doordash and Airbnb made it difficult for the video game company to price its shares, according to The Wall Street Journal.

Revenue hit $589 million, but its net losses totaled $203 million, four-and-a-half times the $46 million it lost in the same period of 2019. In the nine-month period ending in September, Roblox had 31.1 million daily active users, an 82% increase from the same period a year ago. And there are plenty of other firms waiting in the wings. Juggernauts like gaming platform Roblox, buy-now-pay-later retailer Affirm, and chemicals and equipment company Atotech are each poised to raise as much as $1 billion. The minute there’s any kind of worry, markets correct and deals get priced more conservatively and they don’t get done,” Smith said.Ģ021’s big-name companies range from communication services and consumer discretionary to fintech and materials. “We can’t be so sure that the tech IPOs will be the ones at the top of the 2021 list. With two COVID-19 vaccines now authorized in the U.S., one potential shift is a so-called return to normalcy that may not favor growth-oriented healthcare and tech companies, and instead may benefit cyclical names that aren’t as high-flying. IPO this year was 75.4%, compared to last year’s 24.4% and 2018’s -1.9% loss. The Renaissance IPO ETF ( IPO) is up 119% this year compared to the S&P’s overall 14.3% gain, logging its best year ever. Overall, this year’s slate of public offerings performed extraordinarily well during and after their IPOs. (Photo by Ian Tuttle/Getty Images for Roblox) BURLINGAME, CALIFORNIA - AUGUST 10: David Baszucki, founder and CEO of Roblox, presents at the Roblox Developer Conference on Augin Burlingame, California.

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