Barrons said there were over 1,000 initial public offerings (IPOs) in 2021 – one of the greatest years of all time for an IPO. However, this also means that it has become increasingly difficult to find the highest quality stocks from this large pool.
With the Special Purpose Acquisition Company (SPAC) booming as well, this year has been possibly one of the toughest to find high quality companies. But I really enjoyed two IPOs this year, and I think DigitalOcean (NYSE: DOCN) and SEMrush (NYSE: SEMR) could be some of the top performing companies out of the 2021 IPO class. Here’s why.
1. DigitalOcean: swimming in a lucrative space
DigitalOcean acts as a cloud provider for small and medium-sized businesses (SMB) by providing a simple, straightforward offering to accelerate cloud transformation. Big cloud companies like Amazon‘s AWS or MicrosoftAzure’s – although great for large …