The prospects for IPOs didn’t look bright at the start of the second quarter. Small-cap stocks hit a great deal of turbulence, especially in the go-go biotech and cloud industries.
Somewhere in the middle ground of banks’ tactics working and fears being overblown, Q2 turned out to be a standout one for new stocks. We saw 65 public offerings during the period, and they posted an average return of nearly 25%. Among these new stocks, only 19 generated negative returns.
On the other side of things, Q2’s winners were winners by a mile, with five of the best IPOs for the quarter each returning more than 70%. Here’s a look at five of the most outstanding new stocks from Q2: