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Yahoo
14 minutes ago
- Yahoo
AI and Crypto Ignite a Tech IPO Boom
According to our IPO data, licensed from IPOScoop, Bullish is set to IPO this week. It's a Cayman Islands-based crypto exchange seeking to raise more than $600 million, according to an SEC filing earlier this month.[1] A sign of the times? Perhaps. It's enough to make contrarian investors' ears perk up, given the name. After a handful of successful go-public story stocks this year, the firm led by CEO Tom Farley, a former president of the New York Stock Exchange, has a lot to live up to. Figma's Volatile Debut Joins CoreWeave and Circle's IPO Rollercoaster Warning! GuruFocus has detected 5 Warning Sign with CRCL. Circle (NYSE:CRCL) is the big IPO winner so far this year, returning 418% from its first day of trading, while AI player CoreWeave (NASDAQ:CRWV) sports a 173% gain since it listed in early June.[2] The latest IPO craze surrounds Figma (NYSE:FIG), a browser-based designing interface company, which brought about mid-late 1990s vibes when it began trading in July. But is the shine coming off the 2025 IPO Cinderella story? CRCL was cut in half from its June peak to below $150 for a time last week, CRWV dropped 55% over the early summer, and FIG fell hard after an early burst. Still, the Renaissance IPO ETF (IPO), which holds shares of recent IPOs, notched fresh highs going back to Q1 2022 as August got underway. IPO Window Some Spots It's clear that the IPO environment is more conducive than it was a few quarters ago, but there's still uncertainty for currently private companies considering testing the public waters. Sure, it's high times for AI and crypto adjacent going concerns, but companies in other, more cyclical industries may still be treading lightly.? Recent manufacturing and services Purchasing Managers Index (PMI) readings have not been all that upbeat, while earnings growth away from the Magnificent Seven stocks is paltry. Thus, the story with IPOs mirrors what we see in most of the US stock market: Party on in tech (AI and crypto, specifically) and good luck to everyone else, particularly domestic small and mid-sized companies. Space startup Firefly Aerospace (NASDAQ:FLY) hit the tape last week on Thursday August 7th, and it aims for more durable success than Voyager Technologies (NYSE:VOYG), which popped and dropped after its June IPO. Bullish's IPO Follows Figma's Pricing Challenges What happens this week with Bullish (which trades under the ticker BLSH) will be the latest data point on the broader trend. Pressure was undoubtedly on its underwriters in the wake of Figma's pricing. FIG priced at $33, opened at $85, then peaked on its second session at $142. Its market cap topped out near $70 billion, which (at the time) made it larger than 340 S&P 500 constituents. You see, when a stock is priced significantly below its post-IPO trading level, many experts argue that substantial money was left on the table. Had the underwriting banks set a higher price, original investors might have enjoyed even greater gains. Instead, the quick profits went to new shareholders who bought in at the IPO price.? Increasing IPO Filings Signal a Gradual Market Recovery? Bigger picture, there remains a clear, though gradual, upward trend in the number of new IPO filings. The count (on a trailing 12-month basis) hit a low in Q1 2024, and we've seen modest year-over-year increases since then. Not even halfway through the third quarter, and we have already reached about 70% of the total IPO filings for Q3 2024. All the while, high-profile private companies bide their time, surely eyeing that perfect moment to tap the public arena. IPO Count Gradually Recovering Since Early 2024 Source: IPOScoop via Wall Street Horizon Predicting the Next Big IPO: Klarna and Other Contenders Who might be next? There's an online prediction market for that. According to Kalshi, bettors place an 81% chance that Klarna, a Swedish fintech company specializing in the buy now, pay later niche, will IPO by the end of the year.[3] The latest reports suggest Klarna will restart its public offering process as soon as September. SpaceX, OpenAI, and Anthropic Await Market Debuts Discord, Cerebras, and Databricks are other possible IPOs as we approach the end of 2025, but the real heavyweights to come are SpaceX, OpenAI, and Anthropic. Valuations run in the hundreds of billions of dollars for those private behemoths, with higher estimated price tags every time a funding round happens, it seems. Wall Street bankers are no doubt champing at the bit to organize IPO roadshows, while Elon Musk and Sam Altman could capitalize on ever-increasing valuations. Macro Conditions and M&A Activity Influence the Broader IPO Market Outlook As for the ex-tech space, it may take time for macro conditions to turn more favorable for IPOs to flourish. Lower interest rates would help spur equity unlocks, so long as a protracted economic downturn is avoided. Our team will also be watching M&A trends as a potential first step toward a pickup in cyclical-sector go-public activity. The Bottom Line With so many massive day-one IPO winners, casual investors might think the IPO market is as hot as ever. That's not the case when eyeing the data. Still, capital markets are stronger compared to recent years, and the IPO pipeline is filled with AI and high-tech power players. 1 Peter Thiel-backed Bullish seeks up to $4.2 billion valuation in U.S. IPO, CNBC, Reuters, August 5, 2025, CRCL, StockCharts, August 8, 2025, Kalshi, Which Companies will Officially Announce an IPO this year?, August 8, 2025, Copyright 2025 Wall Street Horizon, Inc. All rights reserved. Do not copy, distribute, sell or modify this document without Wall Street Horizon's prior written consent. This information is provided for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of the information contained in this publication, and we are not responsible for any errors or omissions in or your use of, or reliance on, the information. This publication is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice. The information provided is not an invitation to purchase securities, including any listed on Toronto Stock Exchange and/or TSX Venture Exchange. TMX Group and its affiliated companies do not endorse or recommend any securities referenced in this publication. This publication shall not constitute an offer to sell or the solicitation of an offer to buy, nor may there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TMX, the TMX design, TMX Group, Toronto Stock Exchange, TSX, and TSX Venture Exchange are the trademarks of TSX Inc. and are used under license. Wall Street Horizon is the trademark of Wall Street Horizon, Inc. All other trademarks used in this publication are the property of their respective owners. This article first appeared on GuruFocus.
Yahoo
44 minutes ago
- Yahoo
If You'd Invested $1,000 in Lemonade Stock (LMND) 3 Years Ago, Here's How Much You'd Have Today
Key Points Lemonade uses AI to run a disruptive insurance business. As the models improve and growth remains high, the market is getting more excited about Lemonade stock. 10 stocks we like better than Lemonade › Insurance company Lemonade (NYSE: LMND) has been trouncing the market recently. It's up 220% over the past year as of Aug. 20, while the market is up only 21% at the same time. It's a huge change from the pessimism of the past few years. Let's see how much money you'd have if you'd invested $1,000 three years ago in Lemonade. A great concept is finally taking off Lemonade captured market attention when it went public in July 2020 because it offers a disruptive, tech-based insurance model that's refreshingly different. It uses artificial intelligence (AI) and machine learning to price policies, and it uses chatbots to onboard customers and process claims. It's a digital insurance solution for a changing world, and it's used AI to drive its business since it began operating a decade ago, well before AI became the buzzword of the day. Although it's been growing by leaps and bounds, with high customer additions and increasing premiums, Lemonade has had trouble establishing profitability. Insurance companies have a distinct model, since they pay claims from premiums, and the loss ratio tracks how much is being paid out. It has taken time for Lemonade to get its algorithms to work. That, along with high rollout expenses that have eaten away profits, has dragged on the stock. It's been and up and down over the past few years as the market began to lose patience, and even today, it's still 72% off of its all-time highs. Investors who recognized the opportunity to buy on the dip have been rewarded. If you bought stock a year ago, when it was still close to all-time lows, your investment has more than tripled. But if you invested $1,000 three years ago, you'd still be still beating the market, with more than $1,700. If you're worried you've missed the Lemonade gains, don't be. The company has lots of opportunity ahead. Should you invest $1,000 in Lemonade right now? Before you buy stock in Lemonade, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Lemonade wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 11, 2025 Jennifer Saibil has positions in Lemonade. The Motley Fool has positions in and recommends Lemonade. The Motley Fool has a disclosure policy. If You'd Invested $1,000 in Lemonade Stock (LMND) 3 Years Ago, Here's How Much You'd Have Today was originally published by The Motley Fool
Yahoo
44 minutes ago
- Yahoo
Why Circle Internet Stock Popped Today
Key Points Circle Internet went public in June. The stablecoin issuer reported its first financial result today -- a $4.48-per-share loss. Circle's guidance for the rest of the year isn't particularly helpful to investors. 10 stocks we like better than Circle Internet Group › Shares of Circle Internet Group (NYSE: CRCL), the June IPO stock and issuer of USD- and Euro-denominated stablecoins, surged 7.1% through 9:50 a.m. ET after Circle reported its first financial results as a publicly traded company this morning. Analysts forecast the company would report $644.7 million in revenue, but Circle beat expectations with a $658.1 million report -- and a $4.48-per-share loss. Circle Internet Q2 Circle says the entirety of its loss came about from "IPO-related non cash charges" of $591 million. But for those charges, the company's $482 million loss would have been something more like a $109 million profit. And on $658 million in total revenue -- up 53% year over year -- that would have been pretty impressive. Circle says it plans to drive further growth through its "innovative platform" Circle Payments Network, which will permit financial institutions to use stablecoins for payments. Is Circle stock a buy? Circle chose some curious metrics to give investors by way of "guidance" for the rest of this year, predicting 40% "multi-year" growth in USDC stablecoins in circulation, saying it expects to generate between $75 million and $85 million in "other revenue" (without saying what revenue from its core operations will be), and introducing the concept of "revenue less distribution costs margin," which will range from 36% to 38%. It also said "adjusted operating expenses" will run as high as $490 million this year. I'm honestly not sure what all of this might translate into in terms of annual revenue, but it sounds pretty certain to me that Circle will lose money this year. This likelihood, combined with the newness of the IPO, tells me investors are probably safest staying away from this IPO for now. Should you buy stock in Circle Internet Group right now? Before you buy stock in Circle Internet Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Circle Internet Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 11, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Circle Internet Stock Popped Today was originally published by The Motley Fool
