Final Tech IPOs of 2019 See Mixed Pricing and Early Trading Results
The last major tech offerings of the year feature Bill.com earning top marks for a massive first-day pop, while Sprout Social and EHang deliver more modest debuts.
The final U.S.-listed technology IPOs of the year close out the 2019 market with varied pricing strategies and early trading results. Bill.com, Sprout Social, and EHang represent the last batch of venture-backed offerings before the holiday slowdown, giving investors a mixed bag of outcomes to evaluate as the year comes to a close.
Bill.com earns the highest marks by pricing above its raised range at $22 per share, pushing its valuation to roughly $1.6 billion and well above its final private worth of $1.0 billion. Sprout Social scores a solid B for pricing mid-range at $17 per share and achieving a slight valuation bump, while EHang passes by pricing at the bottom of its range at $12.50.
Early trading performance highlights a stark contrast among the three debutants. Bill.com surges an impressive 76.5 percent to close at $38.83, though this massive pop draws familiar complaints from critics who argue the bankers underpriced the deal. Meanwhile, EHang ekes out a modest 3.2 percent gain and Sprout Social dips 2.35 percent in their initial public sessions.