Public Markets

These Are The Tech Companies That Went Public In 2021, A Record Year For IPOs

It was a record year for the public markets.

A strong pipeline of companies went public either through an IPO, direct listing, or SPAC in 2021 (hence the length of this list).

In past versions of this public offering tracker, we’ve only tracked IPOs, with a direct listing here and there. This time, we’ve broken down the list by IPOs, direct listings and SPACs, though we’ve only included venture-backed SPACs that have completed mergers with target companies and begun trading as a combined company. 

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This list is in chronological order and was most recently updated on Dec. 22, 2021. 

IPOs

Affirm

  • IPO date: Jan. 13, 2021
  • IPO price: $49
  • IPO valuation: $11.9 billion

In the first venture-backed tech-ish IPO of the year, Affirm saw its stock price jump 100 percent on its first day of trading before closing out at $97.24. Affirm is a big player in the increasingly popular “buy now, pay later space,” which also includes companies like AfterPay and Klarna. Since it went public in mid-January, the company’s stock has moved up and down, but overall its trajectory was positive until the summer. Its stock price has begun to recover, and on Wednesday, Dec. 22, it closed at $101.07.

Poshmark

  • IPO date: Jan. 14, 2021
  • IPO price: $42
  • IPO valuation: $3 billion

Poshmark’s stock price doubled pretty much right out of the gate, and ended up closing out its first day of trading up 140 percent. The company, which operates a marketplace for new and second-hand clothing and accessories, reached a valuation of $3 billion with its IPO, one of the first of this year. But since Poshmark’s public market debut, the price of its stock has fallen, closing at $18.42 on Wednesday, Dec. 22.

Playtika

  • IPO date: Jan. 15, 2021
  • IPO price: $27
  • IPO valuation: $11 billion

Gaming is all the rage as people look to stay entertained at home during the COVID-19 pandemic. The market response to Playtika reflects that. Playtika’s stock price since its mid-January debut was mostly positive—until late March or so. The company’s stock closed at $17.98 on Wednesday, Dec. 22.

Qualtrics

  • IPO date: Jan. 28, 2021
  • IPO price: $30
  • IPO valuation: $15 billion

Qualtrics’ IPO was significant for a couple of reasons. It wasn’t a traditional venture-backed tech company going public, but one that had already been acquired. SAP acquired the company in 2018 before Qualtrics’ planned IPO, then ended up spinning it out in 2021. The IPO was also significant because it ended up being the largest IPO of a Utah-based company. Qualtrics’ public debut valued the company at $15 billion. The company’s stock closed at $35.17 on Wednesday, Dec. 22.

Bumble

  • IPO date: Feb. 11, 2021
  • IPO price: $43
  • IPO valuation: $8.2 billion

Bumble’s IPO made founder and CEO Whitney Wolfe Herd a billionaire and the youngest woman to take a company public. It was also a big deal for Texas’ tech scene, as the dating app is a homegrown Austin company. The company raised $2.15 billion through its IPO and its stock closed 64 percent above its IPO price on its first day of trading. The stock closed at $34.58 on Wednesday, Dec. 22, below its IPO price.

Oscar Health

  • IPO date: March 3, 2021
  • IPO price: $39
  • IPO valuation: $7.9 billion

Oscar’s public market debut wasn’t like many of the venture-backed IPOs we’ve seen where the stock surges right out of the gate. The company initially set a price range of between $32 and $34 before increasing it to between $36 and $38, and pricing at $39. The company closed its first day of trading at $34.80 and continues to struggle, closing at $8.12 on Wednesday, Dec. 22.

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Coupang

  • IPO date: March 11, 2021
  • IPO price: $35
  • IPO valuation: $60 billion

While Coupang’s stock popped around 40 percent on its first day of trading, it trended mostly down in the first couple of weeks after the company went public, before rising. When the company went public in March, it made Coupang the largest IPO of the year so far, according to CNBC. The South Korean e-commerce company’s stock closed at $29.49 on Wednesday, Dec. 22.

DigitalOcean

  • IPO date: March 23, 2021
  • IPO price: $47
  • IPO valuation: $5 billion

DigitalOcean didn’t exactly start its time trading on the public markets on a high note. The company opened and closed its first day of trading below its IPO price, and struggled to reach its IPO price until June. Shares of DigitalOcean closed their first day of trading at $42.50, and closed at $79.24 on Wednesday, Dec. 22.

VIZIO

  • IPO date: March 25, 2021
  • IPO price: $21
  • IPO valuation: $3.9 billion 

VIZIO finally made its public debut this year after filing for an IPO for a second time (it first filed in 2015). The company had a less-than-stellar debut when it began trading at the end of March, with its stock opening nearly 17 percent below its IPO price of $21. Since then, the company’s stock price has increased, reaching a high of $28.23 on May 4, but share prices have tapered off a bit since then, closing at $18.48 on Wednesday, Dec. 22.

ThredUp

  • IPO date:  March 26, 2021
  • IPO price: $14
  • IPO valuation: $1.3 billion 

While ThredUp saw its stock close around 43 percent above its IPO price of $14 on its first day of trading, its stock fell, then plateaued after it went public at the end of March, before rising in May. The company is one of a handful of clothing and accessories resale companies to go public in recent years, including Poshmark and The RealReal. ThredUp’s stock closed at $13.14 on Wednesday, Dec. 22.

Coursera

  • IPO date: March 31, 2021
  • IPO price: $33
  • IPO valuation: $4.3 billion 

Coursera closed its first day of trading at $45, about 36 percent above its IPO price. Coursera marked the first major edtech IPO of the year, though it wasn’t the last. Coursera shares closed at $24.14 on Wednesday, Dec. 22.

Compass

  • IPO date: April 1, 2021
  • IPO price: $18
  • IPO valuation: $8 billion 

Compass’ IPO came after a busy year for the residential real estate market. The company, which operates like a brokerage but gives agents a suite of digital tools to better market themselves, raised about $450 million through its IPO. At the end of their first week as publicly traded shares, Compass stock closed at $21.90, but on Thursday, Dec. 22, the stock closed down at $9.25 per share.

AppLovin

  • First day of trading: April 15, 2021
  • IPO price: $80
  • Valuation: $28.6 billion

AppLovin’s time as a public company wasn’t off to a great start. Its stock opened well below its IPO price on its first day of trading, and didn’t reach the $80 mark until June. AppLovin shares closed out their first day of trading nearly 19 percent below the IPO price, but its stock price saw big increases in May and June. The company’s stock price closed at $93.83 on Wednesday, Dec. 22.

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UiPath

  • IPO date: April 21, 2021
  • IPO price: $56
  • IPO valuation: $35 billion 

Robotics and automation company UiPath went public in April after raising roughly $2 billion in funding as a private company. The company’s stock closed 23 percent above its IPO price on its first day of trading, and UiPath raised about $1.34 billion through its IPO, giving it a valuation of about $35 billion. Its initial post-IPO arc was mostly positive, but its shares took a dip in recent weeks, closing at $44.16 on Wednesday, Dec. 22.

DoubleVerify

  • IPO date: April 21, 2021
  • IPO price: $27
  • IPO valuation: $4.2 billion 

DoubleVerify saw its stock pop about 33 percent on its first day of trading, closing at $36. But its stock price began to decline in May before peaking at $47.06 in late June. The company’s stock closed at $32.16 on Wednesday, Dec. 22.

The Honest Company

  • IPO date: May 5, 2021
  • IPO price: $16
  • IPO valuation: $1.4 billion 

Consumer goods brand The Honest Co. went public in early May. Shares of the company, which was founded by actress Jessica Alba, closed out the first day up nearly 44 percent. The stock has declined since then, closing on Wednesday, Dec. 22, at $8.11.

Procore

  • First day of trading: May 19, 2021
  • IPO price: $67
  • Valuation: $9.6 billion

Construction tech company Procore raised nearly $635 million through its IPO and saw its stock pop 31 percent above its IPO price. But its stock price took a dip soon after before rebounding somewhat. While its initial post-IPO arc is mostly negative, it saw gains in June and its stock closed at $80.88 on Wednesday, Dec. 22, well above its IPO price.

Oatly

  • First day of trading: May 19, 2021
  • IPO price: $17
  • Valuation: $10 billion

Oat milk-maker Oatly went public in May, with its stock popping 18 percent on its first day of trading. Its stock price has since been mostly positive without seeing any major dips until July. On Wednesday, Dec. 22, Oatly shares closed at $7.61.

FIGS

  • First day of trading: May 26, 2021
  • IPO price: $22
  • Valuation: $4.4 billion

FIGS, known for its customizable medical scrubs, was a notable clothing IPO given the prominence of the health care professional in the last year. Its stock popped upon its debut before falling, but FIGS saw its stock price make big gains in the second half of June. The company’s shares closed at $25.51 on Wednesday, Dec. 22.

Marqeta

  • First day of trading: June 8, 2021
  • IPO price: $27
  • Valuation: $15 billion

Marqeta went public on June 8 and saw its stock price pop about 13 percent, closing at $30.52 on its first day of trading. The company saw its stock price briefly decline in the following days before climbing in mid-June. Marqeta’s stock price has declined since then, closing at $17.40 on Wednesday, Dec. 22.

Monday.com

  • First day of trading: June 10, 2021
  • IPO price: $155
  • Valuation: $7.5 billion

Monday.com raised more than $574 million through its IPO, and has seen its stock price climb since its public debut, closing at $308.53 on Wednesday, Dec. 22.

WalkMe

  • First day of trading: June 16, 2021
  • IPO price: $31
  • Valuation: $2.5 billion

WalkMe saw its stock price close below its IPO price on its first day of trading after the Federal Reserve increased its expectations for inflation. But its stock price has increased since then, reaching a high of $33.47 on Friday, Sept. 17. WalkMe’s stock price closed at $19.51 on Wednesday, Dec. 22.

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Sprinklr

  • First day of trading: June 22, 2021
  • IPO price: $15
  • Valuation: $3.7 billion

Sprinklr’s initial post-IPO arc was positive in the first couple weeks after going public. Its stock price popped 11 percent on its first day of trading, and the company closed out its first week at $19.08 per share. As of Wednesday, Dec. 22, the company’s shares are trading at $15.44.

Confluent

  • First day of trading: June 24, 2021
  • IPO price: $36
  • Valuation: $9.1 billion

Confluent, the data streaming platform that was spun out of LinkedIn, closed out its first day of trading 25 percent above its IPO price. With its stock price trending positive, Confluent’s stock closed at $69.50 on Wednesday, Dec. 22.

SentinelOne

  • First day of trading: June 30, 2021
  • IPO price: $35
  • Valuation: $10 billion

SentinelOne went public after raising nearly $700 million as a private company. The company raised $1.2 billion through its IPO and saw its stock price close up 21 percent on its first day of trading. Its initial post-IPO arc has been positive so far, with the stock closing at $51.69 on Wednesday, Dec. 22.

LegalZoom

  • First day of trading: June 30, 2021
  • IPO price: $28
  • Valuation: $7 billion

LegalZoom saw its stock price pop 35 percent through its IPO, which raised $535 million for the company. Its stock price increased in its first couple days as a public company, but has since fallen, closing at $15.96 on Wednesday, Dec. 22.

Didi Chuxing

  • First day of trading: June 30, 2021
  • IPO price: $14
  • Valuation: $73 billion

Chinese ride-hailing giant Didi went public in the United States in June, raising $4.4 billion through its IPO. Its stock has taken a beating since it went public though, after the Cyberspace Administration of China banned new user registrations for Didi’s app in China. Didi later said the Chinese government had ordered the app be removed from mobile app stores because of issues related to personal information collection. Didi’s stock closed at $5.63 on Wednesday, Dec. 22.

Clear

  • IPO date: June 29, 2021
  • IPO price: $31
  • IPO valuation: $4.5 billion

If you’ve gone through airport security over the past few years, you’ve likely seen signs for Clear. The company uses biometrics to verify users’ identity, and has become popular at live events and in airports, with airlines like United and Delta backing it as investors. The company went public in June, with its stock price closing up nearly 30 percent on its first day of trading. Clear’s stock price closed at $27.91 on Wednesday, Dec. 22.

Blend

  • IPO date: July 16, 2021 
  • IPO price: $18
  • IPO valuation: $4 billion

Digital lending platform Blend went public after residential real estate had a banner year. The company was valued at $4 billion at its IPO and raised $360 million through the offering. The company’s stock price popped on its first day of trading before tapering off in the subsequent week. The stock closed at $7.38 on Wednesday, Dec. 22.

Kaltura

  • IPO date: July 21, 2021
  • IPO price: $10
  • IPO valuation: $1.24 billion

The New York-based video platform raised $150 million through its IPO and saw its stock pop on its first day of trading. The company closed out its first week of trading at $11.76, and closed at $3.83 on Wednesday, Dec. 22.

DISCO

  • IPO date: July 21, 2021
  • IPO price: $32
  • IPO valuation: $2.5 billion, according to MarketWatch

DISCO is another notable Austin-based venture-backed company to go public this year, following Bumble. The legal tech company raised $224 million through its IPO and reached a valuation of $2.5 billion, according to MarketWatch. The company is backed by investors including LiveOak Venture Partners and Bessemer Venture Partners. DISCO’s stock closed at $36.02 per share on Wednesday, Dec. 22.

Couchbase

  • IPO date: July 21, 2021
  • IPO price: $24
  • IPO valuation: $1.4 billion

Couchbase saw its stock price pop around 23 percent when it made its public market debut. The company raised $200 million through its IPO, more than 12 years after raising its $6 million Series A. The company’s stock price closed at $23.42 on Wednesday, Dec. 22.

Vtex

  • IPO date: July 23, 2021
  • IPO price: $19
  • IPO valuation: $3.5 billion

E-commerce platform Vtex saw its stock climb on its first day of trading after pricing above its expected range and raising $361 million. The company, which is backed by investors including SoftBank and Tiger Global Management, had its stock close at $23.38 on its first day of trading, and closed at $11.69 on Wednesday, Dec. 22.

Outbrain

  • IPO date: July 23, 2021
  • IPO price: $20
  • IPO valuation: $1.1 billion

Outbrain priced below its range, but still raised about $160 million through its IPO. The company’s stock price more or less stayed the same on its first day of trading, with a high of $20.99 and a low of $19.90 before closing at $20 on Friday, July 23. On Wednesday, Dec. 22, its stock closed at $13.93.

Duolingo

  • First day of trading: July 28, 2021
  • IPO price: $102
  • Valuation: $3.7 billion

Duolingo was a milestone for Pittsburgh’s growing startup scene, as the edtech unicorn is a homegrown company. The company saw its stock close out its first day up 36 percent, but the price has been up and down since then. Most recently, its stock closed at $105.03 on Wednesday, Dec. 22.

Robinhood

  • First day of trading: July 29, 2021
  • IPO price: $38
  • Valuation: $32 billion

Robinhood was one of the most highly anticipated IPOs of the year. The popular trading app, which has been in the news for its outages as well as its role in the GameStop saga earlier this year, didn’t have a stellar public debut. The company closed out its first day of trading down 8 percent from its IPO price. Its stock closed at $18.38 on Wednesday, Dec. 22.

Riskified

  • First day of trading: July 28, 2021
  • IPO price: $21
  • Valuation: $3.3 billion

Riskified’s IPO didn’t get as much attention as it probably should have because it went public the same week as Duolingo and Robinhood. But the company raised more than $367 million through its IPO and closed its first day of trading at $26, above its IPO price of $21. Riskified’s stock closed at $8.05 on Wednesday, Dec. 22.

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Toast 

  • First day of trading: Sept. 22, 2021
  • IPO price: $40
  • Valuation: $20 billion

Toast’s IPO came after a roller coaster year for the restaurant tech company. After raising a round of funding in early 2020 that valued the company at nearly $5 billion, Toast laid off or furloughed half of its employees because of the COVID-19 pandemic and its effect on the restaurant industry. But Toast ultimately rebounded and went public, raising around $870 million through its IPO and seeing its stock surge on its first day of trading. Toast closed out its first week as a public company slightly down from its first day of trading close of $62.51. The company’s stock closed at $37.84 on Wednesday, Dec. 22.

Freshworks

  • First day of trading: Sept. 22, 2021
  • IPO price: $36
  • Valuation: $10.1 billion

Indian SaaS company Freshworks went public on the Nasdaq, reaching a $10.1 billion valuation. The company, which now has its headquarters in the Bay Area, is widely seen as a competitor to Salesforce1, and raised funding from investors including Accel, Sequoia Capital India and Tiger Global Management. The company’s stock closed at $27.25 on Wednesday, Dec. 22.

Remitly

  • First day of trading: Sept. 23, 2021
  • IPO price: $43
  • Valuation: $6.9 billion

The money transfer company went public at a nearly $7 billion valuation, raising around $300 million through its IPO. The company’s stock closed up around 12 percent on its first day of trading, but its stock price has fallen a bit since then, closing at $20.42 on Wednesday, Dec. 22.

GitLab

  • First day of trading: Oct. 14, 2021
  • IPO price: $77
  • Valuation: $11 billion

DevOps platform GitLab went public after raising more than $414 million as as private company. The company raised around $650 million through its IPO and its shares surged 35 percent on their first day of trading, according to CNBC. GitLab’s stock closed at $93.72 on Wednesday, Dec. 22.

Rent the Runway

  • First day of trading: Oct. 27, 2021
  • IPO price: $21
  • Valuation: $1.7 billion

Rent the Runway went public after a difficult year and a half. The COVID-19 pandemic hit the company hard, and its revenue in 2020 tumbled as subscribers paused or canceled their memberships. Subscribers have started to use Rent the Runway again, and the company went public in October. It priced its stock at the top of its IPO range, but closed out its first day below the $21 mark. Rent the Runway’s stock closed at $8.40 on Wednesday, Dec. 22.

Udemy

  • First day of trading: Oct. 29, 2021
  • IPO price: $29
  • Valuation: $4 billion

Udemy joins companies like Coursera and Duolingo in this year’s group of edtech companies to go public. The company raised $421 million through its IPO after pricing its shares at the top of its range. Udemy’s stock closed at $18.18 on Wednesday, Dec. 22.

Allbirds

  • First day of trading: Nov. 3, 2021
  • IPO price: $15
  • Valuation: $2.2 billion

Direct-to-consumer footwear company Allbirds went public, raising around $303 million through its IPO. The company is among a slew of consumer companies to go public this year, including Warby Parker, FIGS and Poshmark. Allbirds’ stock closed out its first day of trading 91 percent above its IPO price, and closed at $17.41 on Wednesday, Dec. 22.

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NerdWallet

  • First day of trading: Nov. 4, 2021
  • IPO price: $18
  • Valuation: $1.2 billion

NerdWallet priced its stock at the midpoint of its range, and raised around $130 million through its IPO. Its stock opened at $23.50 on its first day of trading, and closed at $28.30. Nerdwallet’s stock closed at $15.01 on Wednesday, Dec. 22.

Rivian

  • First day of trading: Nov. 10, 2021
  • IPO price: $78
  • Valuation: $66.5 billion

Electric vehicle-maker Rivian went public in the largest IPO of the year. Although the company hasn’t delivered many vehicles yet, its partnership with Amazon and pipeline of pre-orders likely helped it fetch a high valuation and raise around $10.5 billion through its IPO. Rivian closed out its first day of trading 29 percent above its IPO price, and its stock closed at $96.34 on Wednesday, Dec. 22.

Expensify

  • First day of trading: Nov. 10, 2021
  • IPO price: $27
  • Valuation: $2.18 billion

Expense management platform Expensify went public in November as the first tech IPO for Oregon in 17 years. The company raised $263 million through its IPO, and its shares surged on its first day of trading. Expensify’s stock closed at $37.55 on Wednesday, Dec. 22.

Winc

  • First day of trading: Nov. 11, 2021
  • IPO price: $13

Direct-to-consumer wine company Winc went public in November after initially delaying its October IPO. The company raised $22 million through its IPO after slashing the number of shares sold and lowering the price per share. The company closed its first day of trading below its IPO price of $13. Winc’s stock has fallen further, and closed at $5.50 on Wednesday, Dec. 22.

Weave

  • First day of trading: Nov. 11, 2021
  • IPO price: $24

Weave is the latest Utah-based tech company to go public this year, raising $120 million through its IPO. Weave ended up pricing its shares at $24, below the $25 to $28 price range it set. Its public market debut was rocky, with its stock closing below its IPO price on its first day of trading. Weave’s stock closed at $15.48 on Wednesday, Dec. 22.

UserTesting

  • First day of trading: Nov. 17, 2021
  • IPO price: $14

UserTesting raised $140 million through its IPO. The company priced its shares at $14, below its expected range of between $15 and $17, and opened below its IPO price on its first day of trading. The company closed out its first day of trading at $14.01–just slightly above its IPO price. UserTestings’ stock closed at $8.21 on Wednesday, Dec. 22.

Braze

  • First day of trading: Nov. 17, 2021
  • IPO price: $65
  • Valuation at IPO: $6 billion

Customer engagement platform Braze raised $520 million through its IPO, and closed out its first day of trading up around 44 percent. Its stock price trickled off a bit on its second day of trading, but closed at $75.32 on Wednesday, Dec. 22.

Sweetgreen

  • First day of trading: Nov. 18, 2021
  • IPO price: $28
  • Valuation at IPO: $3  billion

Popular salad chain Sweetgreen went public in November, raising $364 million through its IPO. The company ended up closing its first day of trading up 76 percent, closing at $49.50 on Thursday, Nov. 18. Sweetgreen’s stock closed at $29.81 on Wednesday, Dec. 22.

Nubank

  • First day of trading: Dec. 9, 2021
  • IPO price: $9
  • Valuation at IPO: $41 billion

Brazil-based Nubank went public in the United States and raised $2.6 billion through its IPO. The company’s stock opened 25 percent above its IPO price and closed out its first day of trading at $10.33. Nubank’s stock closed at $9.12 on Wednesday, Dec. 22.

Direct Listings

Roblox 

  • First day of trading: March 10, 2021
  • Reference price: $45
  • Valuation: $30 billion

Roblox marked both the first major direct listing of the year (in terms of tech companies) and one of the most-anticipated public debuts for gaming companies. The company’s stock surged 43 percent above its reference price and has had a generally positive trend since then with a few dips here and there, closing at $102.77 on Wednesday, Dec. 22.

Coinbase

  • First day of trading: April 14, 2021
  • Reference price: $250
  • Valuation: $86 billion

Coinbase’s direct listing might have been the buzziest public debut of the year, and definitely the largest. The company opted to go the direct listing route and set a reference price of $250, exceeding that on its first day of trading. Coinbase shares at one point hit a high of $429.54 before closing out their first day of trading at $328.28, but the stock has slipped since then, closing at $254.55 on Wednesday, Dec. 22.

Squarespace

  • IPO date: May 19, 2021
  • Reference price: $50
  • IPO valuation: $7.4 billion 

Website-maker Squarespace saw its stock price fall on its first day of trading as a public company, closing 13 percent below its reference price. But the company’s stock has rebounded since then, and its initial post-IPO arc has been positive. Squarespace’s stock closed at $30.91 on Wednesday, Dec. 22. 

ZipRecruiter

  • First day of trading: May 26, 2021
  • Reference price: $18
  • Valuation: $2.4 billion

ZipRecruiter is bracing for demand as society tries to reopen from the COVID-19 pandemic. The company’s initial post-IPO arc was mostly positive, though it saw a steady decline in June before rebounding. The company’s stock closed at $24.38 on Wednesday, Dec. 22.

Amplitude

  • First day of trading: Sept. 28, 2021
  • Reference price: $35
  • Valuation: $6.4 billion

Amplitude was the first of two direct listings in a single week in September. The first trade came in at $50, well above the reference price of $35. Amplitude closed at $54.71 on Wednesday, Dec. 22.

Warby Parker

  • First day of trading: Sept. 29, 2021
  • Reference price: $40
  • Valuation: $6 billion

Direct-to-consumer eyeglass company Warby Parker went public through a direct listing, just one day after Amplitude’s direct listing. Its stock price popped 35 percent on its first day of trading, but tapered off a bit in its first full week as a public company. Warby Parker’s stock closed at $48.05 on Wednesday, Dec. 22.

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SPACs 

Clover Health

  • First day of trading: Jan. 8, 2021
  • SPAC proceeds: Up to $1.2 billion
  • SPAC valuation: $7 billion, according to the Silicon Valley Business Journal

Clover Health was the first VC-backed company to go public via a special-purpose acquisition company this year, with Chamath Palihapitiya’s SPAC, Social Capital Hedosophia V, acquiring the startup. Clover Health’s stock price since the merger was completed in early January has trended negatively since they started trading. The stock closed down at $4.09 on Wednesday, Dec. 22.

Billtrust

  • First day of trading: Jan. 13, 2021
  • SPAC valuation: $1.3 billion

Payment-cycle management platform Billtrust went public in mid-January after merging with South Mountain Merger Corp. The company raised $115 million in funding while private, and announced plans to go public via a SPAC in the fall. Since the stock started trading, its initial arc has mostly been positive, though it took a dip in May when tech stocks in particular were battered. The stock closed at $7.84 on Wednesday, Dec. 22.

Hims and Hers Health

  • First day of trading: Jan. 21, 2021
  • SPAC proceeds: $280 million
  • SPAC valuation: $1.6 billion, according to Forbes

Hims and Hers Health, which initially started out as a company aimed toward men’s health issues but has since added products for women too, went public after merging with special-purpose acquisition company Oaktree Acquisitions Corp. The deal was among the first major VC-backed SPAC mergers to be completed in 2021, and raised proceeds of about $280 million. Since the combined company’s stock started trading, its stock price was trending up and closed at $19.01 on Feb. 18, before taking a dive. The stock closed at $6.48 on Wednesday, Dec. 22.

ChargePoint Holdings

  • First day of trading: Feb. 26, 2021
  • SPAC proceeds: $450 million, according to Inside EVs.

Companies in the electric vehicle space are popular targets for SPACs, and ChargePoint is among them. The company, which is based in Campbell, California, went public by merging with special-purpose acquisition company Switchback Energy Acquisition Corp. Since the company completed the merger on Feb. 26 and began trading, its stock has fallen a bit, closing at $18.62 on Wednesday, Dec. 22.

Metromile

  • First day of trading: Feb. 9, 2021
  • SPAC proceeds: Unclear

Digital insurance platform Metromile went public by merging with blank-check company INSU Acquisition Corp. II. The company, which is backed by investors including Index Ventures and Future Fund, follows other insurtech companies like Lemonade and Root to the public market, though through a SPAC rather than a traditional IPO. The company’s stock closed at $2.33 Wednesday, Dec. 22.

Lightning eMotors

  • First day of trading: May 7, 2021
  • SPAC proceeds: $268 million
  • SPAC valuation: $823 million

Lightning eMotors, which develops electric powertrains, went public after merging with GigCapital3. In the first week or so that the newly merged company traded, Lightning eMotors saw its stock price decline quite a bit, closing at $5.83 on Wednesday, Dec. 22.

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Blade Air Mobility

  • First day of trading: May 7, 2021
  • SPAC proceeds: $400 million
  • SPAC valuation: $825 million

The New York-based flight management company has seen its stock dip ever since the SPAC merger was completed and the new company began trading on the public markets. The stock price closed at $9 on Wednesday, Dec. 22.

BarkBox

  • First day of trading: June 2, 2021
  • SPAC proceeds: $454 million
  • SPAC valuation: $1.6 billion

The dog-focused subscription e-commerce company went public by merging with Northern Star Acquisition Group, finalizing the merger on June 1. The company initially saw its stock pop after the merger was completed, but it quickly declined in the following days. BarkBox’s stock closed at $4.11 on Wednesday, Dec. 22.

SoFi

  • First day of trading: June 1, 2021
  • SPAC proceeds: $2.4 billion
  • SPAC valuation: $8.65 billion

Fintech company SoFi went public after merging with one of Chamath Palihapitiya’s SPACs. The company saw its stock pop on its first day of trading, but the price quickly fell in subsequent days. The company’s stock closed at $14.99 on Wednesday, Dec. 22.

Illustration: Dom Guzman


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