5 Best IPO Stocks to Invest In Right Now

In this piece, we will take a look at the five best stocks that have recently had their initial public offering. If you want to find out about more stocks, head on over to 12 Best IPO Stocks to Invest In Right Now.

5. Ryan Specialty Holdings, Inc. (NYSE:RYAN)

Number of Hedge Fund Holders: 13

Ryan Specialty Holdings, Inc. (NYSE:RYAN) is an underwriting, product services, administration, and risk management services provider for the insurance brokerage industry. It is headquartered in Chicago, Illinois, the United States.

Ryan Specialty Holdings, Inc. (NYSE:RYAN) listed its shares on the stock market in July 2021 and raised $1.34 billion in proceeds. Since then, the shares have appreciated by 45%. By the end of its second fiscal quarter of 2022, each of the company’s business lines produced double digit annual growth, which in turn contributed to a 27% revenue growth rate.

RBC Capital raised Ryan Specialty Holdings, Inc. (NYSE:RYAN)’s share price target to $47 from $42 in August 2022, as it shared that the firm’s Q2 results saw industry leading growth. It however cautioned that future growth might already be reflected in the stock’s valuation premium. 13 of the 895 hedge funds part of Insider Monkey’s Q2 2022 survey had invested in the company.

Out of these, Stuart J. Zimmer’s Zimmer Partners is Ryan Specialty Holdings, Inc. (NYSE:RYAN)’s largest investor. It owns 5 million shares that are worth $197 million.

Cooper Investors mentioned the company in its Q2 2022 investor letter and outlined that:

“In terms of underlying businesses, the portfolio holdings are going well and largely reported solid numbers during earnings season with positive language around the outlook for 2022. Our insurance broker Ryan Specialty is a stand-out performer, delivering low-double-digit organic revenue growth at the same time as margin expansion – this is a business that benefit from higher interest rates, emerging risks and inflating premiums. While rising rates, supply chain constraints and war in Europe represent a myriad of challenges for many industries, our view is that our management teams are highly experienced focused operators. They are well equipped to deal with these challenges, having shown great resilience and flexibility during many crises, the most recent example (COVID) proving yet again the power of their business models.”