One of 2017’s hottest IPOs, Canada Goose Holdings Inc. Subordinate Voting Shares GOOS 1.16%, reported its first quarterly earnings report as a public company on June 2, blowing the market away with a big earnings beat. Despite a run post-earnings, shares are down 3.0 percent on Monday.
Uber, Palantir, Spotify and Dropbox are just a few of the big-name companies whose names are being batted around as possible 2017 IPO candidates. But while these high-profile companies have a lot to offer in terms of growth and excitement, some of the most highly-anticipated IPOs in recent years haven’t exactly come out of the gates strong. In fact, the first earnings report has been a complete disaster for several of these companies, as IPO fever has gotten investor expectations out of line with reality.
Here’s a look at how some of the hottest IPO stocks of the past few years have reacted to their first quarterly earnings report as a public company:
- Snap Inc SNAP 0.75%: -21 percent.
- Facebook Inc FB 1.76%: -11 percent.
- Twitter, Inc. TWTR 0.56%: -24 percent.
- Alibaba Group Holding Ltd BABA 0.16%: +1 percent.
- Twilio Inc TWLO 0.42%: +1 percent.
- Visa Inc V 0.72%: -4 percent.
- Square Inc SQ 1.59%: -7 percent.
- Fitbit Inc FIT 0.38%: -13 percent.
- LendingClub Corp LC 1.12%: -14 percent.
Based on the numbers above, is seems…
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