There is no question that 2019 was a blockbuster year for U.S. IPOs. Rideshare giants have finally hit the public markets, while a wave of cloud and cybersecurity names, such as Datadog, CrowdStrike, and more, have shown just how fast modern software can scale. Consumer brands also stepped up, from plant-based meat to connected fitness.
Company Ticker IPO Price Current Price* Total Return CrowdStrike CRWD $34.00 $436.10 +1,182% Datadog DDOG $27.00 $136.50 +405% Zoom Video ZM $36.00 $83.98 +134% Uber UBER $45.00 $95.89 +113% PINS $19.00 $35.03 +84% Chewy CHWY $22.00 $34.66 +58% Peloton PTON $29.00 $7.58 –74% Lyft LYFT $72.00 $18.62 –74% Beyond Meat BYND $25.00 $2.68 –89% SmileDirectClub** SDC $23.00 $0.00 –100%
With several years of trading now behind them, the class of 2019 makes the trade-offs clear. Software platforms with sticky, recurring revenue generally compounded; capital-intensive and hyper-competitive consumer stories had a tougher road. The mix of winners and laggards offers a clean lens for evaluating the next wave of listings.
Below are 10 prominent 2019 IPOs ranked by total price return from offer → today (Sept 13, 2025), followed by quick, plain-English snapshots of each company’s model, a major success or challenge, and how the stock performed.
1. CrowdStrike (CRWD)
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CrowdStrike went public at $34 in 2019, offering a fresh take on cybersecurity through its cloud-first platform. Today, the stock trades around $436.10, a staggering +1,182% gain that makes it the standout of its class. It’s a textbook case of how recurring revenue and product expansion can turn into explosive returns.
2. Datadog (DDOG)
Datadog priced its IPO at $27, selling investors on the need for real-time monitoring of cloud applications. Shares now sit at $136.50, a +405% return, thanks to relentless growth and customers buying more tools over time. It shows the power of a sticky, usage-based software model.
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3. Zoom Video (ZM)
Zoom debuted at $36 and became a household name when remote work exploded in 2020. Even after cooling off, it’s still at $83.98, more than +134% above its IPO price. Its success proves that being the most reliable name in a fast-growing category can deliver lasting value.
4. Uber (UBER)
Uber’s IPO at $45 was one of the most anticipated of the decade. After years of losses, it now trades at $95.89, up +113%, with investors finally seeing progress toward profitability. Expanding into delivery and freight helped it evolve into more than just ridesharing.
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5. Pinterest (PINS)
Pinterest entered the market at $19 a share, betting that “visual search” could turn into a serious advertising business. At $35.03, investors who stuck with it are up +84%, a respectable return for a quieter consumer tech story. It’s carved out a loyal niche by blending inspiration with commerce.
6. Chewy (CHWY)
Chewy’s IPO came at $22, positioning itself as the go-to online shop for pet owners. The stock trades at $34.66 now, a +58% return, helped by subscription-style “autoship” orders that keep revenue steady. It may not be flashy, but steady growth has paid off.
7. Peloton (PTON)
Peloton listed at $29, selling investors on the idea of connected fitness hardware with recurring subscription revenue. But after pandemic demand cooled, shares collapsed to $7.58, a 74% loss from the IPO. It’s a reminder of how tough it is for hardware-heavy businesses to keep momentum.
8. Lyft (LYFT)
Lyft’s IPO at $72 came with sky-high expectations of disrupting transportation. Instead, the stock has fallen to $18.62, a 74% decline, as costs, competition, and regulation squeezed the business. It’s proof that scaling a great consumer app doesn’t always equal investor success.
9. Beyond Meat (BYND)
Beyond Meat started strong at $25, riding the hype of plant-based protein. Today, it’s down to $2.68, a –89% plunge, showing how competitive pressure and tough economics can crush a once-hot brand. Excitement alone wasn’t enough to sustain growth.
10. SmileDirectClub (Bankrupt)
SmileDirectClub was priced at $23, promising to disrupt orthodontics with mail-order aligners. Instead, it filed for bankruptcy, leaving the stock effectively at $0, a 100% wipeout for IPO buyers. It’s the harshest reminder from 2019 of just how risky some IPO bets can be.
What the 2019 IPO Winners Have in Common
The winners were overwhelmingly software platforms with sticky, recurring revenue and expanding product footprints (CRWD, DDOG, ZM). They grew into massive addressable markets and layered new modules to raise ARPU and retention. Capital-light economics plus operating leverage did the rest.
On the losing side, businesses with heavy physical complexity (hardware, logistics) or thin unit economics (rideshare, certain DTC models) struggled to sustain early expectations. The pattern matches other years: recurring revenue, product breadth, and discipline beat hype.
The class of 2019 delivered both soaring compounders and headline-grabbing disappointments. CrowdStrike and Datadog show how category-defining software can scale into multi-baggers in just a few years, while Zoom and Uber still posted strong gains after big post-pandemic resets. Even mid-pack names like Pinterest and Chewy quietly compounded.
By contrast, Peloton, Lyft, Beyond Meat, and SmileDirectClub underline the risks in hardware cycles, brutal competition, and regulatory exposure. If you’re sifting new IPOs, look first for sticky software models with room to expand and a clear path to cash generation. That’s the consistent edge across cohorts.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
