The 5 most anticipated IPOs of 2022

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Over the last year, the markets have contended with a global shipping crisis, the ongoing pandemic, and creeping inflation. Despite those risks, a huge number of companies made their public debuts in 2021.

We’re talking Coinbase (COIN), Rent the Runway (RENT), Robinhood (HOOD), and, of course, electric vehicle makers Lucid (LCID) and Rivian (RVIN). Not every company that went public performed well, though. While some 399 initial public offerings raised $142.5 billion in 2021, the majority of IPOs ended the year below their initial returns.

And while the 2022 market will start off slow thanks to the continuing pandemic and chip shortage, plenty of big-name firms are primed to hit the public markets this year.

Think Reddit, Flipkart, and Mobileye to name a few. And it doesn’t stop there. Yahoo Finance spoke with Avery Spear at Renaissance Capital, who gave us the lowdown on the hottest initial public offerings coming to the markets in 2022.

Vinfast

Vinfast will bring its vehicles to the U.S. in 2022. (Image: Vinfast)
Vinfast will bring its vehicles to the U.S. in 2022. (Image: Vinfast) · Vinfast

At the top of the 2022 IPO list is Vietnamese automaker Vinfast. A spinoff of Vingroup, a Vietnam-based conglomerate dealing in everything from real estate to health care, Vinfast is pivoting to electric vehicle manufacturing with its eyes on the U.S. and European markets.

“As you've seen with Rivian, [electric vehicles are] a very hot space right now,” Renaissance's Spear told Yahoo Finance. “They've already started taking preorders, which is kind of around where Rivian was when it was coming to the market.”

The company debuted two electric vehicles, the VF e35 and VF e36, at the Los Angeles Auto Show in November and plans to open a whopping 60 showrooms in the U.S. in 2022. The company plans to begin taking pre-orders for its vehicles in the first half of next year and have them on the road by the tail end of 2022.

With a projected $60 billion valuation, Vinfast will enter a U.S. market that’s riding a wave of EV investments — whether that’s Tesla (TSLA), which saw its valuation skyrocket in 2021 to $1 trillion, or Rivian, which IPO’d in November, raising nearly $12 billion.

Mobileye

A self-driving vehicle from Mobileye's autonomous fleet. (Credit: Mobileye, an Intel Company)
A self-driving vehicle from Mobileye's autonomous fleet. (Credit: Mobileye, an Intel Company) · Mobileye, an Intel Company

Sticking with the automotive industry, Intel (INTC) is planning to spin out its Mobileye business in 2022. Acquired by Intel in 2018 for $15 billion, Mobileye is focused on the development of advanced driver assistance systems (ADAS) with an eye toward developing the technology needed to power self-driving cars. The IPO could be valued at as much as $50 billion, and prove to be a boon for chip giant Intel.

In December, the company launched a robotaxi pilot program testing its autonomous capabilities on the streets of Paris. The move will allow employees of the Galeries Lafayette Paris Haussmann to request a ride to work via the robotaxis four days a week. A safety driver will be behind the wheel.