As 2024 quietly approaches its end, reflecting on this year's capital markets reveals both exciting breakthroughs and tumultuous moments; the main theme of AI ran throughout the year, and the Trump trade added brilliance to the second half.
How can new opportunities be seized in the upcoming year of 2025? Welcome to subscribe to the special topic."2024 Annual Review", let's look back at the past, solidify our experiences, and collectively welcome a new chapter in the future.
The IPO market in the USA is set to be a year filled with both vibrancy and challenges in 2024, as numerous companies step onto this stage of opportunities and challenges with dreams of growth and expectations of capital. From the frontier explorers of emerging technology to the reform pioneers of traditional industries, each listed company is writing its own story while outlining the complex dynamics of the market for investors.
According to the latest data from Dealogic and Nasdaq, as of November 2024, Nasdaq had completed a total of 160 IPO Trades, raising approximately 22 billion USD, while the New York Stock Exchange completed only 34 IPO Trades during the same period, raising nearly 17 billion USD. This data not only sets a new annual high for the past three years but also marks a strong recovery in the USA IPO market.
Specifically, based on the close of the US stock market on December 19, according to data from Futubull,$Destiny Tech100 (DXYZ.US)$Soaring nearly 650% this year, it's the strongest new stock in the USA this year! Nuclear energy company.$NANO Nuclear Energy (NNE.US)$Up nearly 500%; social media new star.$Reddit (RDDT.US)$Rising over 370%.
Real Estate Investment TrustNew star.$Sunrise Realty Trust (SUNS.US)$Defense Stocks$LIONHEART HOLDINGS (CUB.US)$"Little NVIDIA"$Astera Labs (ALAB.US)$Oil Asset Acquisition Company$LandBridge (LB.US)$All rose over 200%; Drone Manufacturing Company$Unusual Machines (UMAC.US)$Increased by nearly 200%.
Destiny Tech100
$Destiny Tech100 (DXYZ.US)$Since its establishment at the end of 2020, it has primarily invested in privately held technology companies supported by top venture capital, and successfully listed on the New York Stock Exchange on March 26, 2024. Its portfolio covers 100 of the most promising private technology companies, including SpaceX, and this is one of the reasons why Destiny Tech100 is attractive for investment, as these companies are generally not open for public investment.
According to the latest media reports, SpaceX, currently the most valuable private technology company in the world, has seen its valuation soar to about 350 billion dollars. As one of the Shareholders of SpaceX, the stock price of Destiny Tech100 has also 'risen with the tide' as SpaceX's valuation skyrockets!
Market analysis suggests that the soaring valuation of SpaceX can be seen as part of the 'Trump Trade'. With Trump winning the presidential election, Elon Musk, as a staunch supporter of Trump, has gained Trump's trust, which has led investors to show great enthusiasm for any assets under his name.
Since the US election (November 5), the stock price of Destiny Tech100 has soared more than 450%. According to publicly available information, the SpaceX shares held by Destiny Tech100 are valued at approximately 61.25 million dollars.
NANO Nuclear Energy
$NANO Nuclear Energy (NNE.US)$是2024年另一家备受瞩目的IPO公司。作为一家致力于开发新型核能技术的公司,NANO Nuclear Energy在全球能源转型的大背景下,吸引了众多关注。该公司的小型模块化反应堆技术(SMR)被认为是未来核能发展的重要方向,具有高效、清洁和安全等优点。
招股资料显示,其技术团队汇聚了全球顶尖核科学家,研发进程按计划稳步推进,首个示范项目已完成关键节点建设,吸引能源巨头战略投资意向。
上市初期,环保主义者与部分社区对核项目的潜在担忧曾引发舆论风波,造成股价短期波动,随着公司积极宣传其安全环保的技术能力,股价在后续几个季度随着项目落地确定性增强、商业化运营蓝图愈发清晰而稳步回升。
自10月14日,$Alphabet-A (GOOGL.US)$等AI巨头公司宣布其计划购买核电,以助力其数据中心运营以来;该公司累计升逾40%。
Reddit
As a globally renowned social platform,$Reddit (RDDT.US)$it will knock on the doors of the Capital Markets in 2024, becoming one of the largest Technology stock IPOs of the year.
Reddit's initial trading day performance was strong, with the stock price rising by 48% compared to the issue price. Years of accumulation have generated a vast amount of User Generated Content (UGC) and an active Community ecosystem, covering "interest groups" from Technology and Finance to Entertainment and Lifestyle. The IPO financing aims to strengthen the technological infrastructure and enhance user experience, especially focusing on video transformation and optimizing personalized recommendation algorithms.
With its unique community-driven growth model, advertisers have flocked in, resulting in significant potential for precise ad placements. In the first year after going public, ad revenue surged beyond Wall Street's expectations, causing stock prices to rise accordingly.
Reddit's financial performance in the third quarter of 2024 exceeded Analyst expectations, with third-quarter revenue increasing by 68% compared to the same period last year. The company became profitable, achieving a Net income of $29.9 million, compared to a Net loss of $7.4 million in the same period last year. It is expected that fourth-quarter revenue will be between $0.385 billion and $0.4 billion, higher than the average Analyst expectation of $0.3579 billion. Adjusted earnings for the fourth quarter are expected to be between $0.11 billion and $0.125 billion, exceeding the average expectation of $85.2 million.
The company also stated that in the third quarter, its daily active users increased by 47% year-on-year, reaching 97.2 million, better than the Analyst expectation of 96.5 million.
In addition, it plans to open new revenue streams through AI strategy, having reached a cooperation agreement with Alphabet for $60 million annually.
Sunrise Realty Trust
Real Estate Investment TrustNew star.$Sunrise Realty Trust (SUNS.US)$It was listed on July 9, 2024. The company has a substantial portfolio of quality properties in North America, renowned for its excellent management capabilities andreturn on investmentachieved an astonishing rise of over 223% on its first day of listing.
Despite facing certain economic downturn pressures in the real estate market, Sunrise Realty Trust has successfully attracted a large number of investors with its diversified investment portfolio and sound financial strategy. The company plans to use the funds raised from the IPO to further expand its property portfolio, especially in areas with high growth potential.
Astera Labs
Known as "the little NVIDIA"$Astera Labs (ALAB.US)$Completed its IPO in March 2024, with a current market cap of 20.9 billion USD. The company focuses on high-performance computing and datacenter solutions. With the rapid development of Cloud Computing and Big Data analytics, Astera Labs' technology plays an important role in enhancing system performance and reducing latency. Its successful listing highlights the strong market demand for high-performance computing and datacenter infrastructure.
Astera Labs currently has three main product lines: one is Aries PCIe/CXL retimers; the second is Taurus intelligent cable modules; and the third is Leo CXL intelligent memory controllers. Among them, PCIe retimers are Astera Labs' "cash cow", with major customers including chip giants such as NVIDIA, AMD, Intel, and tech giants like Microsoft, Google, and Amazon.
According to the latest third-quarter earnings report from Astera Labs, Q3 revenue was 0.113 billion USD, a year-on-year increase of 206%, and a quarter-on-quarter growth of 47%. Revenue exceeded Wall Street analysts' expectations by 15%, setting a new quarterly record; gross margin reached 78%, which is slightly higher than NVIDIA's gross margin of 75%.
At the same time, Astera Labs expects Q4 revenue to continue to reach new highs, estimated at 0.126-0.13 billion USD, with a median growth of 153% and an expected gross margin of 75%. The growth driver mainly comes from PCIe Retimer and AEC product lines. The company's management stated that performance visibility is very strong from both the backlog orders and design-in perspectives.
Unusual Machines
$Unusual Machines (UMAC.US)$It is a technology company headquartered in Orlando, Florida, focusing on the research, development, production, and sales of drone technology. It completed its IPO on February 14, 2024, issuing 1.25 million shares priced at $4 each.
In addition, the company has strengthened its position in the first-person view (FPV) drone technology sector by acquiring Fat Shark and Rotor Riot. Fat Shark is a leader in the FPV market, designing and manufacturing ultra-low latency video goggles for drone pilots, while Rotor Riot operates a drone-centric E-Commerce marketplace.
Notably, Unusual Machines has gained market attention due to the addition of Donald Trump Jr., the younger son of the future president of the USA, to its advisory board. This news resulted in the company's stock price soaring, with the price more than doubling over five trading days.
The addition of Donald Trump Jr. is seen as bringing unique expertise and experience that will help the company bring drone component manufacturing back to the USA.
2025 Outlook for IPOs in the US Stock Market
Market analysis predicts that 2025 may see another peak in IPO activity, with Technology and innovation continuing as key drivers of growth in the US IPO market.
Market focus is on several potential star companies going public, including payment processing giant Stripe, which has been in the spotlight and is expected to go public in 2025 with a valuation possibly exceeding $100 billion. Additionally, Elon Musk's space exploration company SpaceX may consider spinning off its Starlink division for an IPO, which could become one of the most anticipated IPOs of 2025. Meanwhile, despite multiple delays in its listing plans, grocery delivery platform Instacart may restart its IPO process in 2025. Furthermore, data and AI company Databricks has a private market valuation exceeding $40 billion and is also expected to seek public listing in 2025.
Looking back at 2024, how have the assets of mooers performed?
Have valuable rewards been gained because of making the right decisions.
Which stocks or industries do you think hold opportunities.
Come and show off your annual summary!
Editor/ping