# The IPO market in 2021 and beyond
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-12-02
Category: INVESTING
Category URL: https://financedigest.com/category/investing
Meta Title: Top 3 Most Successful IPOs of 2021
Meta Description: Explore the top IPOs of 2021 with unique and thriving companies like Doximity, DigitalOcean, and Affirm Holdings. Learn more about their success stories here.
URL: https://financedigest.com/the-ipo-market-in-2021-and-beyondhtml

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_By_ **_Maxim Manturov,_** _Head of Investment Research at_ [_Freedom Finance Europe_](https://freedomfinance.eu/)

With [955](https://stockanalysis.com/ipos/statistics/) organisations going public since January 2021, this year has been witness to  some of the most exciting and fastest-growing initial public offerings (IPO) of the century. During this time there has been a mixture of successes and failures among these organisations – some IPOs that were expected to skyrocket ended up crashing in share price, while others vastly exceeded expectations.

Nonetheless, while the financial market did seem to mirror the growing uncertainty that the world has faced over the last year, there have been six organisations that have stood out above the rest, making them some of the most successful IPOs of 2021. These companies offer unique and distinctive products that are in high demand in their respective markets, allowing them to move beyond their competitors and thrive throughout times of uncertainty.

**Doximity**

Doximity is an online platform that enables medical professionals to collaborate with colleagues, securely coordinate patient care, conduct virtual patient appointments, and stay up to date with the latest medical news and research. Its clients include medical organisations, particularly pharmaceutical manufacturers, health systems, and medical recruiting companies.

With such a large user base on the platform, it should be no surprise that all 20 of the top pharmaceutical manufacturers advertise on Doximity, with the company making over £150m in revenue in 2020. Since its IPO in June, its stock [price has increased by 195% and its revenue is estimated to be between £64.3m and £65.1m for the end](https://www.financedigest.com/uk-house-prices-end-2022-on-a-weaker-note-after-pandemic-boom.html "UK house prices end 2022 on a weaker note after pandemic boom") of Q3 2021 .

Looking to next year, instead of striving for a 100% market share of doctors and medical students in the US, the company could [potentially expand](https://www.fool.com/investing/2021/09/28/up-68-from-its-ipo-is-doximity-still-worth-buying/) internationally or into new professions like law or law enforcement – both areas where enhanced communication could help to improve the wider industry.

**DigitalOcean**

DigitalOcean is a [cloud computing](https://www.financedigest.com/the-value-of-cloud-computing.html "The Value of Cloud Computing") service provider, providing infrastructure and tools for developers, start-ups, and SMBs. [Since its IPO in March](https://www.financedigest.com/the-nasdaq-100-on-track-to-have-its-best-week-since-march-2010.html "The Nasdaq 100 On Track to Have its Best Week Since March 2010"), shares have increased by 143% and the company’s Q3 revenue in 2021 increased by 37% to £83m. This is rather impressive given its three main competitors are Amazon, Google, and Microsoft.

Looking towards the new year, the company is well [positioned to maintain its momentum in increasing its share](https://www.financedigest.com/oil-stocks-thrust-london-shares-to-positive-2023-start.html "Oil stocks thrust London shares to positive 2023 start") price. It is predicted that by 2024, global spending on infrastructure and platform services will total £87bn. DigitalOcean believes that there are currently 100 million SMBs and 19 million developers worldwide that would benefit from their service, meaning it has the [capability to expand](https://www.financedigest.com/de-surinaamsche-bank-expands-relationship-with-fiserv-to-upgrade-core-banking-platform-and-add-new-digital-banking-capabilities.html "De Surinaamsche Bank Expands Relationship with Fiserv to Upgrade Core Banking Platform and Add New Digital Banking Capabilities") its customer base exponentially.

**Affirm Holdings**

Affirm Holdings is a financial [technology start-up that enables consumers to purchase products and make payments](https://www.financedigest.com/from-the-experts-5-payment-technology-trends-to-look-out-for-in-2016.html "FROM THE EXPERTS: 5 PAYMENT TECHNOLOGY TRENDS TO LOOK OUT FOR IN 2016") in instalments. Traders interest in the company piqued in August when it entered into a partnership with Amazon. In October of this year, Affirm Holdings also partnered with American Airlines, the perfect time given [74% of Americans](https://www.affirm.com/press/releases/holiday-travel-consumer-spend-report-2021) said they would spend “more on travel this holiday season than ever before”.

However, the stock dipped in [early November after its largest](https://www.financedigest.com/first-quarter-dash-for-cash-largest-since-early-2020-bofa.html "First quarter ‘dash for cash’ largest since early 2020 -BofA") client, Peloton Interactive, predicted underwhelming figures for the rest of the fiscal year, which deteriorated Peloton shares and agitated Affirm’s investors. Nonetheless, Affirm’s [share prices](https://www.financedigest.com/netflix-cuts-prices-in-some-countries-to-boost-subscriptions-shares-drop.html "Netflix cuts prices in some countries to boost subscriptions, shares drop") have increased by 210% since its IPO in January.

**TaskUs**

TaskUs provides [digital business outsourcing services to fast-growing technology](https://www.financedigest.com/digital-technology-and-startups-during-a-recession-how-to-stay-afloat.html "Digital Technology and Startups During a Recession — How to Stay Afloat") companies to represent, protect, and grow their brands. The [company provides technology](https://www.financedigest.com/kelda-technology-selected-as-one-of-thetop-30-cleantech-companies-in-the-world.html "Kelda Technology selected as one of thetop 30 cleantech companies in the world") to the likes of Facebook, Uber, Netflix and Zoom. Its success has been a result of a multitude of factors, but its increased presence within the [food and ride-sharing industry has been intrinsic as the world](https://www.financedigest.com/world-food-prices-hit-record-high-in-2022.html "World food prices hit record high in 2022") opens back up.

TaskUs’s Q3 revenue for 2021 is £150m, representing 64.2% of year-over-year growth, which was entirely organic. Since its IPO in June, its [shares have increased by 178% and as a result](https://www.financedigest.com/rouble-steadies-near-60-vs-dollar-tcs-m-video-shares-down-after-results.html "Rouble steadies near 60 vs dollar; TCS, M.Video shares down after results") of this success, it has managed to create offices in six locations including the US, India, and Colombia, with plans to further expand operations across the globe.

**GitLab**

GitLab is an open [source code repository and collaborative software development platform](https://www.financedigest.com/unlocking-the-code-how-to-benefit-from-low-code-platforms.html "Unlocking the code – How to benefit from low code platforms") for large DevOps and DevSecOps projects. On its first day of trading, shares of GitLab [jumped](https://www.financedigest.com/ericssons-provision-for-u-s-probe-hints-of-smaller-fine-shares-jump.html "Ericsson’s provision for U.S. probe hints of smaller fine, shares jump") 35% from its £57.7 share price to £78, and since then it has jumped further to 58%. This increase is largely down to its customer growth and retention. Overall customer count grew by 32% since the start of the year to 3,632, with customers spending over £75,000 growing by 35% to 383. In the first six months of 2021, the company made almost £81m in revenue, with almost £70.8m of that becoming gross profit.

**Rivian**

Rivian was one of the largest IPOs of 2021, raising £8.9bn. The company went public amidst growing [market interest in electric vehicles](https://www.financedigest.com/electric-vehicles-confront-the-leap-to-the-mass-market.html "Electric vehicles confront the leap to the mass market") (EV). Popularity among EV vehicles has meant Rivian [stocks have jumped](https://www.financedigest.com/dollar-jumps-u-s-stocks-buck-global-rally.html "Dollar jumps, U.S. stocks buck global rally") 58% since its IPO in November and is expected to grow even further over the coming years. Currently only [1% of all UK vehicles](https://www.theccc.org.uk/wp-content/uploads/2020/12/The-UKs-transition-to-electric-vehicles.pdf) are made up by EV cars, yet by 2032 this is projected to jump to 55%, so it is safe to say that EV vehicles are the future of transport.

**What does the future have in store for these organisations?**

It is difficult to clearly [predict what will happen to these companies in 2022 and beyond](https://www.financedigest.com/cybersecurity-predictions-to-watch-in-2023-and-beyond.html "Cybersecurity Predictions to Watch in 2023 and Beyond"). However, one thing that is clear is that they all provide services that are in high demand in their respective markets, and [offer unique products that rival](https://www.financedigest.com/telecom-italia-boosted-by-rival-offer-for-landline-grid.html "Telecom Italia boosted by rival offer for landline grid") even the largest companies or industry leaders. All six organisations have grown significantly since their IPOs and will continue to be ones to watch as we enter the new year.

With this in mind, below see my top tips for investors looking to capitalise on some of the most exciting IPOs of 2022:

**1\. Do some in-depth research**

Take time to [research the market or an individual stock](https://www.financedigest.com/3-essential-types-of-stock-research-tools.html "3 Essential Types of Stock Research Tools"). If you make a concentrated effort to learn the fundamental side, you can dive back into trading with a new perspective and gain confidence in your actions. Do not rely on gut feelings alone, nor should you rely on what one person is saying. This means finding out what the company does, how it is doing financially, why there is a lot of media attention surrounding it, and why its stock might fluctuate in price.

**2\.** [Don’t let your ego cloud your judgement](https://www.financedigest.com/dont-let-the-promises-of-virtual-desktop-security-cloud-your-judgement.html "Don’t let the promises of virtual desktop security cloud your judgement")

Many investors are overconfident and [think they know better than the experts](https://www.financedigest.com/will-global-commodities-suffer-as-a-result-of-brexit-the-experts-at-easymarkets-think-not.html "WILL GLOBAL COMMODITIES SUFFER AS A RESULT OF BREXIT? THE EXPERTS AT EASYMARKETS THINK NOT!") or even the market. Just being well educated or smart does not mean you won’t benefit from good independent advice. It also doesn’t mean that you can outsmart the professionals and the complex systems of markets. Many investors have lost fortunes believing that they are better than everyone else. Do not let your ego, hype, or euphoria cloud your judgement.

**3\. Always [keep a plan](https://www.financedigest.com/e-on-casts-doubt-on-german-plan-to-keep-nuclear-plants-on-standby.html "E.ON casts doubt on German plan to keep nuclear plants on standby") in mind**

Putting a plan into play and including losses as part of this plan, as long as they do not exceed the norms of the trading system, is critical to success. Don’t let the results of a few trades change your overall strategy and approach. Stick to what you have learned and planned, use a trading journal, track trades and do your homework, and work on mistakes to develop your next steps. [Applying a long-term lens](https://www.financedigest.com/applying-a-sustainable-lens-to-the-financial-industrys-future.html "Applying a sustainable lens to the financial industry’s future") will mean the difference between success and failure for many investors throughout 2022.


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