Wednesday, November 30, 2022

what companies had an initial public offering in 2016?

2016 was an exciting year for stocks, particularly with the abundance of initial public offerings (IPOs) that came to market. Many newly public companies had a successful debut in the public market, providing investors with access to a wide variety of new investing opportunities. To provide a better understanding of what happened this past year, here is a rundown of companies that went public in 2016.

Twilio Inc. (TWLO)

Twilio Inc. was the first to make its public offering in 2016. The communications platform was one of the most popular IPOs of the year and continues to grow in popularity among investors.

Square Inc. (SQ)

Square Inc., a financial services provider, was one of the most highly anticipated IPOs of 2016 and its performance thus far has been positive. Since going public in November, shares of SQ have traded up by more than 80%. The company is now valued at around $5 billion.

Line Corporation (LN)

Line Corporation was another hot IPO of 2016. The Japan-based messaging app launched its public offering in July and has experienced strong investor interest since then. Shares of the company currently trade up almost 15% from its IPO price.

Redfin Corporation (RDFN)

Real estate brokerage firm Redfin Corporation was another successful offering in 2016. Since going public in early August, shares of RDFN have risen nearly 90%. Investors were particularly pleased with the company's more efficient approach to selling homes and its rapidly growing customer base.

Nutanix Inc. (NTNX)

Cloud computing firm Nutanix Inc. went public in September and has since seen strong gains. Shares of the company gained nearly 40% from the IPO price, providing investors with a nice return. Investor interest in the firm has continued to remain strong as the company is seen as a leader in the cloud computing space.

See more about companies that had their ipo in 2016

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