Airbnb, Doordash and Palantir: how new tech stocks performed in 2020

After an up and down year for the market, most new tech stocks are riding high

After a bunch of blockbuster tech IPOs underperformed in 2019, including Uber, Lyft and Slack, it looked like there was going to be a shift happening, with investors showing less patience for companies that were not profitable.

Of course, 2020 didn't exactly go the way any of us thought it would, with COVID taking the stock market on a wild ride. The Dow started the year at 28,000 before dropping all the way down to 18,000 in March. It then came roaring back, hitting 30,000 for the first time ever in November.

With that kind of uncertainty, it's not surprising that companies looking to go public held back for most of the year, but once the market bounced back they came out in force. This year saw three of the biggest tech IPOs ever, including two of them within a day of each other. So to say 2020 was a strange year is an understatement. 

Here's how some of those new tech stocks that went public this year performed (as of the end of trading December 24): 

• IPO date: December 9
• Amount raised in IPO: $3.4 billion
• IPO price: $102
• Opening price: $182, up 78 percent
• Closing price: $189.51, up 4.12 percent
• Market cap at IPO: $39 billion
• Current price: $158.46, up 55 percent from IPO price  

• IPO date: December 10
• Amount raised in IPO: $3.5 billion
• IPO price: $68
• Opening price: $146, up 114 percent
• Closing price: $144.71, down 0.9 percent
• Market cap at IPO: $47 billion
• Current price: $154.84, up 128 percent from IPO
• IPO date: January 31
• Amount raised in IPO: $245 million
• IPO price: $14
• Opening price: $18, up 28.6 percent
• Closing price: $22.07. up 22.6 percent
• Market cap at IPO: $2.7 billion
• Current price: $43.49, up 210 percent from IPO price

• IPO date: September 16
• Amount raised in IPO: $3.36 billion
• IPO price: $120
• Opening price: $245, up 104 percent
• Closing price: $253.93, up 3.6 percent
• Market cap at IPO: $33.2 billion
• Current price: $323.04, up 169.2 percent from IPO price

• IPO date: February 5
• Amount raised in IPO: $100 million
• IPO price: $12
• Opening price: $14.5, up 21 percent
• Closing price: $13.5, down 6.9 percent
• Market cap at IPO: $476 million
• Current price: $6.97, down 42 percent 

• IPO date: June 9
• Amount raised in IPO: $467.5 million
• IPO price: $22
• Opening price: $40.25, up 83 percent
• Closing price: $47.9, up 19 percent
• Market cap at IPO: $2.5 billion
• Current price: $42.89, up 95 percent from IPO price
• IPO date: July 2
• Amount raised in IPO: $319 million
• IPO price: $29
• Opening price: $50.06, up 72.6 percent
• Closing price: $69.41, up 38.6 percent
• Market cap at IPO: $1.6 billion
• Current price: $125.11, up 331 percent from IPO price
• IPO date: September 17 
• Amount raised in IPO: $742 million
• IPO price: $18
• Opening price: $25.51, up 42 percent
• Closing price: $23.07, down 9.6 percent
• Market cap at IPO: $3.69 billion
• Current price: $29.75, up 65 percent from IPO price

• IPO date: September 30
• Amount raised in IPO: N/A
• IPO price: $7.25
• Opening price: $10, up 38 percent
• Closing price: $9.5, down 5 percent
• Market cap at IPO: $22 billion
• Current price: $27.75, up 282 percent from IPO price 

(Image source: tradimo.com)