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| By Jim Nelson |
After a significant lull, IPOs are back on the menu.
This week saw the first major public stock launch since April, when Rubrik (RBRK) shares started trading.
ServiceTitan (TTAN) went IPO on Thursday at a price of $71 per share. Immediately, those shares jumped to over $100.
The company’s president said, “The reception is great. The water feels wonderful.”
And, according to our startup expert Chris Graebe, a lot more companies could begin testing that water soon.
In fact, just a few hours before ServiceTitan’s shares officially began trading, Chris wrote:
“I believe we’re about to enter a strong period for IPOs.
“2021 was a record-breaking year for IPOs. But since then, the enthusiasm for startups going public has cooled.
Source: stockanalysis.com. Click here to see full-sized image.“A lot of companies have been sitting tight, waiting for the market to warm back up.
“I believe that’s what we could see happen over the next year or so.
“Right now, record capital coming from the likes of deep-pocketed investors like Warren Buffett, major private-equity firms and venture capitalists is on the sidelines.
“From what I'm hearing, I think we’re going to see that capital deployed in strategic acquisitions and investments. And we may not have to wait long to see it.
“This creates fertile ground for the startups I’ve been targeting.”
Chris is clearly hearing the right things from the right people if that’s what they are saying.
This is obviously great news for startups. But it could also translate into great news for all investors.
While all those 2021 IPOs were coming to market, other stocks were riding the wave. The S&P 500 ended the year up 26.9%.
So, if we see another 2021 in the IPO market, we could see other stocks go for a ride.
Your experts are ready to play it. Here’s where they are looking right now …
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Have a great weekend!
Jim Nelson
Managing Editor, Weiss Ratings Daily
