5 upcoming IPOs to look forward to in 2020.

  • October 27, 2020 07:44 PM AEDT
  • Team Kalkine
    Team Kalkine
    Team Kalkine
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    Team Kalkine comprises of experts who understand various markets nuances and are enthusiastic and passionate to provide best possible offerings in the form of insights and stories. The team has rich experience of working across different markets with...

A recent Ernst and Young report said there was a 14 percent year-to-date climb in the total number of IPOs filed globally this year. The report added that in North and South America together, IPO activity raised about US$ 62.4 billion in proceeds. With a rush of public listings in the North American markets behind us, here are a few more IPOs we’re looking forward to this year. Investors planning to buy a piece of Chinese company Ant Group may not have to wait for too long. Arguably the most anticipated IPO of 2020, Ant Group is expecting to make history by raising more than $30 billion. The Ant Group is an affiliate of the Alibaba Group and one of the world’s biggest technology firms.

As the demand and production of electric vehicles (EV) picked up this year, more EV companies have been moving to get publicly listed. California-based Canoo Ltd is expected to get listed in the fourth quarter of 2020 after its merger with blank-cheque company Hennessy Capital Acquisition Corp goes through. Established in 2018, Canoo is likely to be valued at approximately $2.4 billion when the public offering successfully takes place.

The online delivery firm has been one of those businesses which saw a boost during the pandemic, and DoorDash has benefitted from that. The company also raised a $16 billion valuation back in June.


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