Monthly Analysis

July 2021 IPO Scorecard

July 2021 IPO scorecard: 4 companies went public including Astra, Wise, Duolingo. Full cohort analysis, sector breakdown, and market context.

Companies IPO'd

$57.2B

Total Market Cap

$22.4B

Largest IPO: Robinhood

Fintech

Top Sector

IPO Class of July 2021

Company	IPO Date	IPO Price	Exchange	Market Cap	Total Funding	Sector	IPO Readiness Score
AstraASTR	Jul 1, 2021	Undisclosed	N/A	$2.1B	$500M	Defense Tech	51/100 C+
WiseWISE	Jul 7, 2021	Undisclosed	N/A	$14.2B	$1.3B	Fintech	67/100 B+
DuolingoDUOL	Jul 28, 2021	Undisclosed	N/A	$18.5B	$184M	N/A	77/100 A
RobinhoodHOOD	Jul 29, 2021	Undisclosed	N/A	$22.4B	$5.6B	Fintech	64/100 B

Fintech

2 IPOs (50%)

Defense Tech

1 IPO (25%)

Other

1 IPO (25%)

Fintech dominated — 2 of 4 IPOs from this sector
3 unicorn-class IPOs (≥$10B market cap): Wise, Duolingo, Robinhood
Fintech window active — 2 fintech companies went public this month
Total market cap at IPO: $57.2B across 4 listings
Peak IPO window: July 2021 was part of the historic 2020-2021 bull market IPO boom