2 Hot IPO Stocks I Just Bought

Core Insights - The IPO market is experiencing a resurgence, with several companies going public to meet growing investor demand for newly listed shares [1] Company Summaries ServiceTitan - ServiceTitan completed its IPO late last year, providing cloud-based software for contractors in the trades industry, which generates an estimated $1.5 trillion in annual revenue in the U.S. [3][4] - The company currently serves a market that produces about $75 billion in revenue, indicating significant room for expansion as it aims to capture more businesses and extend services into additional trades [5] - ServiceTitan generates less than $900 million in annual revenue, with potential revenue from existing customers estimated to reach $1.5 billion. The company sees a $13 billion opportunity with its current platform and over $30 billion as it expands [6] - Revenue grew 25% in the fiscal second quarter of 2026 to $242 million, driven by strong customer retention and expansion, with a net dollar revenue retention rate exceeding 110% [7] - The company has substantial untapped market potential and an expanding customer base, suggesting a long path for revenue growth [8] Klarna Group - Klarna Group recently completed its IPO, focusing on buy now, pay later (BNPL) services and leveraging AI to enhance productivity and services [9] - The addressable market for Klarna's payments offering is $520 billion, of which it currently holds only 0.6%, indicating significant growth potential [10] - Management estimates over $100 billion of growth in existing markets and more than $400 billion in potential new markets, with the digital advertising market valued at $570 billion, where Klarna holds a mere 0.03% [11] - The company serves 790,000 merchants (a 34% year-over-year increase) and supports 111 million active customers (a 31% increase), contributing to a 20% revenue boost to $823 million [12] - Klarna's small market share in both payments and digital advertising suggests ample opportunity for rapid revenue growth as it expands into new sectors [13] Investment Outlook - Both ServiceTitan and Klarna are positioned to capitalize on their respective market opportunities through proprietary technology, indicating potential for game-changing returns [14]