Friday Money Mate — 1 Jan 2021
Expect a tsunami of IPOs in 2021 as a raft of small and mid cap companies rush to hit the boards.
There are at least six floats in January including resources company Medallion Metals ($20m) and tech stock Nexion ($8m).
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IPO bonanza
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The pandemic boost for global tech stocks
• Home order craft stocks like Redbubble and Etsy surge.
• Afterpay shares hit a record high during the year.
• Shares of online shopping site Kogan rise on COVID home deliveries.
Tech stocks around the world became the darlings for investors who sought to pick companies that might benefit from the pandemic.
As people shifted their behaviour to buy pretty much everything online, shares of digital shopping companies like Kogan surged to new record highs during the year.
People also got crafty with the likes of Etsy and Redbubble experiencing major growth in their share prices.
And how do you pay for all this stuff? Well, the buy now, pay later stock Afterpay hit a record high as well in 2020.
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