The U.K. based online food delivery company is going public at the end of the month. The Deliveroo IPO is expected to be the biggest Initial Public Offering (IPO) on the London Stock Exchange (LSE) in almost a decade. Backed by Amazon, and seeking a valuation of £8.8 billion ($12 billion), this IPO is something to get excited about. According to CNBC, Deliveroo says it will use the proceeds of the IPO to continue to invest in innovation and push deeper in on demand grocery deliveries.
There’s no doubt about it, the computer hardware industry came out on top during COVID-19. While people were stuck at home during the pandemic, there was a higher demand for computer hardware for people working at home. There was also more time for gamers to invest in better, faster gaming equipment. Using SimilarWeb’s alternative datasets, we can see that website traffic to the U.S. computer electronics hardware industry surged 48% year-over-year (YoY) in 4Q20. Indeed on a YoY basis, 1Q20 traffic dropped 4%, before rising 24% in Q2 and 32% in Q3.
If you’re happy 2020 is behind us, you’re not alone. The year the coronavirus pandemic started, was a year most people couldn’t wait to end. However it wasn’t all bad, with many initial public offerings (IPOs) coming to market including DoorDash (DASH), Airbnb (ABNB), Asana (ASAN), Snowflake (SNOW) and Palantir (PLTR). So what do we have to look forward to in 2021? IPOs, IPOs, and more IPOs.
On Feb. 23, Estée Lauder announced its plans to pay $1 billion for a majority stake in Deciem – a Canadian-based company that owns multiple beauty brands. The Ordinary, Deciem’s flagship D2C brand netted $460M in sales the past year and has developed a cult-like following. In this article, we’ll explore The Ordinary’s winning eCommerce strategy and provide tips to advance it to the next level.
Robinhood has been making headlines in recent weeks after a group of Reddit-inspired retail investors used the commission-free investing platform in an attempt to take down some of Wall Street’s top hedge funds, by investing in Gamestop (GME) and raising its share price. The news resulted in a further $2.4B investment for the company, taking total funding to date to $5.6B. No company could have planned this, but it definitely bodes well for the securities and exchange commission (SEC) regulated FinTech company ahead of its potential initial public offering (IPO) expected later this year. So, will Robinhood still go ahead with its planned IPO? It appears so.
The Coinbase initial public offering (IPO) is making headlines. Only the Coinbase IPO isn’t actually an IPO. Following in the footsteps of Slack and Spotify, the cryptocurrency trading platform opted to go public via a direct listing. With a direct listing, no new shares are created and there are no intermediaries – investment banks, brokerages, or underwriters. Once public, Coinbase shares will be available for trading on NASDAQ with the ticker CBASE. With a valuation expected to exceed $100 billion, there is a lot of hype around this company’s stock market debut.
Zoom Video Communications (ZM) is on the cusp of its fourth quarter earnings report for fiscal 2021 on March 1. Heading into the print, the key question for investors is: Will Zoom survive, or even thrive, in a post-pandemic world? Unsurprisingly, ZM shares have remained range-bound since the first vaccine was announced. Indeed on a three-month basis the stock is now trading down 5%.
WW International (formerly Weight Watchers) reports its Q4 and full year earnings on Feb. 25 after markets close. Ahead of the print, WW shares are flat on a three-month basis. Last quarter, the global wellness company reported mixed results with a revenue miss. WW cited declines in workshop fees and overall product sales as a result of COVID-19 pressures. Investors are also anxious about up-and-coming players like weight-loss app Noom and food-tracking monitor Lifesum.
Digital Heat is an easy-to-use heatmap to help you quickly identify at scale which industries and companies are most impacted by the current economic environment. The report tracks in near real-time year-over-year (YoY) weekly website traffic trends. On a macro level, it highlights directional trends – industries that are poised to benefit, and those that remain vulnerable. On a micro level, this monitor can help isolate differences within an industry.
Digital Heat is an easy-to-use heatmap to help you quickly identify at scale which industries and companies are most impacted by the current economic environment. The report tracks in near real-time year-over-year (YoY) weekly website traffic trends.
On a macro level, it highlights directional trends – industries that are poised to benefit, and those that remain vulnerable. On a micro level, this monitor can help isolate differences within an industry.
Expectations are high into the print after Etsy beat consensus revenue estimates over the past two quarters. Shares are now up over 300% (!) on a one-year basis. So will this hotshot eCommerce stock, beloved by Elon Musk, maintain momentum going forward?
Interest in mortgages skyrocketed in 2020 – a year defined by lockdowns and stay-at-home orders. Record-low interest rates in the U.S. and the real estate impact also likely helped boost demand. The result: Traffic to mortgage lender websites shot up by 71% from 2019 to 2020. The extraordinary rise in mortgage industry-related traffic outpaced the greater financial services industry, which climbed just 25% over the same time frame.
Unsurprisingly, Shopify (SHOP) is a clear COVID success story. The company has been on a tear since the pandemic, which sent demand for eCommerce solutions through the roof. Indeed, total revenue in Q3 was $767M, a 96% increase from the same quarter in 2019. Shares in SHOP are now up 172% on a one-year basis. But can the company, which enables anyone to set up and maintain an online store, sustain such dramatic growth?
Walmart (WMT) is heading into the fourth quarter on the back of a blowout Q3 and Q2 FY21 earnings report. And the star of the show is: eCommerce. The company’s U.S. eCommerce sales exploded 97% in Q2 and 79% in Q3, as customers continued to embrace online shopping during the pandemic. Q2 also received a boost from the first round of U.S. stimulus checks filtering down into increased spending on big-box retailers’ websites.
When they said all press is good press, they can use the recent Robinhood scandal as a case study. Looking at the digital traffic alone over the last 7 days, it’s clear that Robinhood is on fire. The online brokerage – and potential unicorn IPO – is at the epicenter of the surreal GameStop (GME) trading saga. It sparked outrage after banning, and then restricting, trades in so called meme stocks like GameStop, Nokia (NOK) and BlackBerry (BB).
As we head into 2021, we decided to carry out a deep dive into some of the biggest players in the UK supermarket business, namely: Tesco (TSCO), Morrisons (MRW), Ocado (OCDO), Asda (owned by Walmart, WMT), and Sainsbury’s (SBRY).
Petco re-entered the public markets on 14 January, raising $864M, and its stock price was up 55% in the moments after its third IPO. The company is now trading on the ticker WOOF, and the share price has stabilized following its initial surge. Whether you participated in Petco IPO or not, we used alternative data to gain insight into the online health and performance of the company.
With 2020 finally out the way, let’s take a look forward to 2021. We decided to put SimilarWeb’s powerful data to the test and pinpoint the top 10 digital stocks for the coming months. These are the stocks with strong digital trends that you should keep an eye on in 2021.
Nike stock has climbed over 40% in the last six months. The S&P 500 is up 18%. What will happen after Nike reports its earnings this Friday?This earnings season a key part of the equation is Nike’s digital health. Here’s why: At its last earnings report in September, Nike reported that digital sales exploded by 82%.
Shares in Lululemon have surged 57% year-to-date. That’s versus 14% for the S&P 500. Ahead of the Lululemon earnings call the big question for investors is: is there more room left to run? Here we explore LULU’s key digital trends to gain insight into its online health.
