These Three Companies Plan To Rock The Stock Market In 2021
Who should you be keeping an eye on?
Tech startups like Doordash and Airbnb saw their stock price shoot up after going public at the end of 2020, showing a serious sign of investor appetite. In 2021, many companies are planning to go public to get their piece of the pie.
Remember, before purchasing any stock, you should first do background research on the company, to see if they fit your investment strategy. With that in mind, take a look at these three companies that have already created significant buzz for their upcoming IPO’s in 2021.
NextDoor
Founded in 2008, Nextdoor is a self-proclaimed “neighborhood hub” where trusted connections can exchange goods, services and peer-reviewed information. The platform combines Facebook Marketplace, Yelp reviews, and municipal updates specifically for your area code. An estimated 268,000 neighborhoods use Nextdoor globally, and 1 in 4 neighborhoods in the United States.
Why it looks good:
When the pandemic hit home back in March, Nextdoor’s number of daily active users surged 80% month-over-month due to the platform’s efforts to provide localized safety updates and support local business. As the future of lockdowns remains unclear, residents will continue to rely on Nextdoor to stay up to date on their piece of the world outside the walls of their own homes.
Coinbase
Coinbase runs one of the most popular cryptocurrency exchanges in the U.S market. Here, users can buy and sell cryptocurrency, like Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). The interface is simple enough for casual investors looking to be a part of the cryptocraze. Coinbase has $25 billion in cryptocurrency assets actively being traded on the platform by over 35 million users.
Why it looks good:
On November 30th, Bitcoin passed a previous all-time high by trading over $20,000. Passing this milestone, along with deteriorating trust in our financial institutions, has created new excitement for cryptocurrency. This will likely bring more users to the platform, creating even higher trading volumes in the near future.
Robinhood
Robinhood really needs no introduction. The popular trading app valued at $11.7 billion dollars has 13 million active users and growing. Robinhood created an opportunity for everyday people to try their hand in the stock market with a convenient user interface and offering trades with absolutely no fees — something that major financial institutions would never dare to offer.
Why it looks good:
Robinhood is considering selling some of its IPO shares directly to users on its app. This unusual move would allow Robinhood users to get pre-IPO shares, while others would have to get into markets on the first day of trading when the price may have already inflated.
What are some other IPOs we should be on the lookout for in 2021? Let us know down in the comments.
This article originally published on GREY Journal.
This article originally published on GREY Journal: https://greyjournal.net/hustle/finance/these-three-companies-plan-to-rock-the-stock-market-in-2021/
