5 Biggest IPOs Hedge Funds Are Betting On

2. GreenSky (GSKY)

GreenSky (GSKY) is an Atlanta-based financial technology company founded back in 2006. The company developed a simpler solution for merchants and banks to grant home renovation loans for consumers. Thanks to Greensky (GSKY), such loans can now be attained through a smartphone app. It is one of the most valuable fintech companies in the U.S.

The company went public in May and raised $874 million. For its fiscal second quarter ended June 30, GreenSky (GSKY) reported revenue of $105.7 million, up by 28.3% from the second quarter of 2017. At the end of June, 25 smart money investors from Insider Monkey’s database were long the stock, collectively holding 3.40% of the company’s outstanding shares.

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