But from March through Friday, June 5, the index has surged nearly 78% as IPOs rush back to the market. That's roughly double the performance of the S&P 500 index in the same timeframe, according to the report.
IPOs have also done well on an individual level in the same timeframe, according to Bespoke Group. So far in 2020 through June 5, there have been 72 companies that've announced initial public offerings. Of those, 24 have started trading, and three have withdrawn. "On average, these stocks are up 76.39% from their IPO," Bespoke wrote in the report. "Fitting for a year with a global pandemic, the bulk of these IPOs have been Health Care names."
Here are the top 10 performing IPOs this year through June 5, ranked in order of lowest to highest gains, according to data from Bespoke Group.