Wall Street Breakfast: IPO Market On Fire

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2019 has seen the hottest IPO activity in years as investors bet on extremely fast growth and large markets opportunities. Adding on to the 100%-400% gains seen by Beyond Meat (NASDAQ:BYND), Zoom (OTC:ZOOM), PagerDuty (NYSE:PD) and CrowdStrike (NASDAQ:CRWD) following their listings, Fiverr (NYSE:FVRR) closed its first day up 90% on Thursday, while pet e-tailer Chewy (CHWY) upsized its IPO ahead of today's debut. There have been some disappointments as well, like ride-hailing giants Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT), but the Renaissance Capital IPO ETF (NYSEARCA:IPO), a basket of the 60 or so most recent large IPOs, is up 34% this year, more than twice the performance of the S&P 500.

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