Unexpectedly, 2020 is becoming the year of the initial public offering despite March's stock market drop and the overall sentiment of uncertainty surrounding the ongoing coronavirus pandemic. September has already seen the introductions of blockbuster IPOs on Wall Street, including the largest ever software IPO Snowflake (SNOW ) and other giants like American Well (AMWL ), JFrog (FROG ), Pactiv Evergreen (PTVE ), Sumo Logic (SUMO ), and Unity Software (U ), all raising a combined total of nearly $7 billion.
But the red hot second half of the year for the IPO market is just getting started. Other big names like Asana (ASAN ), GoodRx (GDRX ) and Palantir Technologies (PLTR ) are so set to debut in September, with the year's pipeline also anticipated to contain big names like house-rental giant Airbnb, GrubHub (GRUB ) rival DoorDash and e-commerce firm Wish. Meanwhile, ByteDance's TikTok may even be planning a U.S. public offering of its global social media platfrom, according to Reuters' sources.
Reaching into global markets, Alibaba's (BABA ) fintech segment Ant Group is prepping a dual-listing IPO on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The stock's offering is anticipated to worth up to $30 billion, making it potentially the biggest IPO ever. Meanwhile, London Stock Exchange just added its biggest offering in seven year with the e-commerce firm The Hut Group, and other European firms like Germany's defense firm Hensoldt, and Poland's e-commerce giant Allergo are both expected to enter public trade this year.
The easiest way for an investor to add all of this IPO market action to their portfolio instead of picking and choosing stocks that may or may not preform well in the long run is through an exchange-traded fund. Renaissance Capital offers two broad exposure initial public offering ETFs that follow the largest recently public companies within the last few years: Renaissance IPO ETF (IPO ), which holds newly public companies in U.S. markets; and Renaissance International IPO ETF (IPOS ), which tracks large recently public companies from global markets.