Last year's Bill.com (NYSE: BILL) IPO was a resounding success that has led into a consistent first month of returns for investors. After selling 9.82 million shares starting at $22 and raising roughly $216 million for the company on a $1.6 billion valuation, buy-and-holders now enjoy an additional $16 per share cushion at the ticker's $38.00. The Bill.com process stands in stark contrast to the rocky roads of other 2019 high-profile billion dollar IPOs. Uber (NYSE: UBER) opened at $45 per share and has lost 30.29% since then. Its rival Lyft (NASDAQ: LYFT) didn't fare much better, opening at $72 and currently standing at a 40% loss. SmileDirectClub (NASDAQ: SDC) dropped from $23 to $8.38, a 63.6% loss. WeWork (no call sign yet:IPO cancelled) had to oust founder Adam Neumann and hasn't made its offering even into 2020. Can't forget Pinterest (NYSE: PINS), either. Pinterest is obviously super popular with Joe Average, but it's lost 3.36% since its $19 April IPO price – in a market with Joe Average blue chips skyrocketing across the board. What was the difference between Bill.com and these other 2019 "unicorns"? IMAGE SOURCE: GETTY IMAGES No Hype, All Performance First, Bill.com was nowhere near as hyped. The winners in the 2019 IPO game (and they were mostly winners; the overall IPO market more than doubled S&P returns over the year) came in under mainstream radar. The average retail investor's ears probably didn't prick up with talk of Luckin Coffee (NASDAQ: LK), software dev Zoom (NASDAQ: ZM), or CrowdStrike (NASDAQ: CRWD). Guess what? All winners if you snapped them up quickly on IPO day. [We are keeping in mind that many IPOs run up so fast Day1 that the average retail investor has very little chance to get in without some heavy duty gear and the timing execution of a seasoned pro.] No Pressure to Impress Second, Bill.com's accountants had no need to live up to commercial hype. As such, their books and trading multiple are both defensible. As popular as Uber is, who in their right mind would ever value it at $120 billion? Grab and Lyft hold monopolies in many emerging markets. And if you haven't understood the $47 billion WeWork valuation fiction that SoftBank tried to pull, that's a good case study to learn from before investing in any 2020 IPO. A Clear Destiny Third, Bill.com knows what it is. Its cloud-based platform is simple. It easily integrates into all major accounting platforms and automates rote payment tasks. The product is meant as a stand-alone bookkeeping consolidation platform for SMBs, and the company has not tried to prematurely overstep its boundaries in order to keep up with its competition. Based on its previous behavior, you probably won't find Bill.com trying to move into other aspects of financial services while leaving its core features behind. The big boys in the space, Paypal (NASDAQ: PYPL) and Stripe, don't really boast the efficiency, flexibility or security to specifically serve the business community at Bill.com's level. This leaves Bill.com market share in the clear for at least the next few years, although they could face potential threats from dedicated accounting software providers Xero (ASX: XRO) and Intuit (NASDAQ: INTU). What these companies should be most concerned about is that Bill.com seems unfazed by a need to impress anyone as it steps into its new responsibilities as a public institution. Slow, steady and secure wins the race in financial services, and right now, Bill.com does that better than anybody in its industry. 10 stocks we like better than Bill.com Holdings, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Bill.com Holdings, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Chris Davis has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Intuit, PayPal Holdings, Pinterest, and Zoom Video Communications. The Motley Fool owns shares of CrowdStrike Holdings, Inc., Luckin Coffee Inc., and Xero. The Motley Fool recommends Uber Technologies and recommends the following options: short January 2020 $97 calls on PayPal Holdings. The Motley Fool has a disclosure policy.Source