<!–*/ */ /*–>*/ A host of high-profile private companies hit Wall Street this year, debuting across various prominent sectors. These “unicorns,” Wall Street’s term for a fast-growing startup company, definitely have the potential to make it big, given their impressive journey since their initial public offerings (IPOs). Although many well-known companies such as Uber Technologies, Inc. UBER, Lyft, Inc. LYFT and Pinterest, Inc. PINS have joined the long list of IPOs this year, their price performances failed to make an impact on the U.S. stock market. However, thanks to the better-than-expected performance of various other IPOs, the Renaissance IPO ETF (IPO), which is a basket of newly public companies, soared 33.8% on a year-to-date basis. The S&P 500, in comparison, has increased 28.4% in the same timeframe. According to Renaissance Capital, more than 50% of the newly listed companies were trading higher than their issue price at the end of the year, compared with about 40% last year. Taking a look at the price performances of some of the IPOs this year, one needs to consider the nature of products and services these companies offer and their respective bu...