Boutique Market Analysis (2019): For the second consecutive year, 2019 was the Year of Healthcare IPOs

For the Second Consecutive Year, 2019 was the Year of Healthcare IPOs. Here is my analysis (short report # 1):While there were few massive IPOs in the last year, mostly in the Consumer Services and Tech industries (e.g., Uber, Lyft, and Slack) at least 66 Healthcare companies went public in 2019, constituting about 41% of all IPOs in all industries (Figure 1). For the second consecutive year, the best performing IPOs were in the Healthcare industry. The average return of all healthcare companies, which went IPOs in 2019, was 42%, almost as good as the second and third industries combined (i.e., Consumer Goods [22%] and Technology [21%], respectively) (Figure 2). Six out of the top 10 IPO performers were Healthcare companies (and 2 Consumer Goods, 1 Tech, and 1 Financials). The total market cap of all companies that went IPOs in 2019 in all industries is over $387 billion. The market cap of all Healthcare companies at the end of the last year was over $80 billion. As expected, the first place went to Tech with an overall 109 billion market cap, while the second place went to Consumer Services with about 86 billion (Figure 3).

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