![]() Postmates' most recent round of funding fetched a $1.85 billion valuation, making it one of the smaller companies on this list. Like many of the aforementioned tech "unicorns" on this IPO list, food delivery app Postmates began exploring the process of going public in fall 2018, consulting several banks about the underwriting process. Potential 2019 IPO valuation: $7.6 billion In November, Robinhood hired Amazon's ( AMZN) vice president of finance Jason Warnick as its chief financial officer, making Robinhood one of the biggest IPOs to watch in 2019. Its latest funding round raised $323 million and gave Robinhood a $7.6 billion valuation. The service revolutionized trading and is a favorite among millennials, earning its money from interest on account balances, margin trading and selling order flow to stock exchanges. The no-fee trading platform Robinhood, which surpassed E-Trade ( ETFC) in user count in 2018 only five years after forming, now has more than 5 million accounts. Potential 2019 IPO valuation: $7 billion to $10 billion It also lost more than $250 million on those sales. Revenue more than doubled to over $900 million last fiscal year. The premium fitness retailer is apparently able to convince enough consumers to pay $2,000 for a connected stationary bike, $40 monthly for streaming classes and up to $4,000 for a connected treadmill. ![]() After filing to go public in late August, shares could debut as soon as September under the ticker PTON. Potential 2019 IPO valuation: $38 billionĮnter Peloton, the trendy maker of expensive stationary bikes and treadmills with built-in screens connecting users to streaming fitness classes. While it's still not too late for a 2019 Airbnb IPO, hoards of private venture money allows the company to bide its time if it pleases. It's currently worth more than both Hilton Hotels ( HLT) and Expedia ( EXPE). Airbnb already reportedly boasts quarterly revenue above $1 billion and may still be growing 30% annually. ![]() The hard work building a profitable, sustainable business is over, and Airbnb's powerful network effect and brand have cemented it as the leading global marketplace for renters and leasers. This makes more sense for Airbnb than for Slack, however, since Airbnb is regularly profitable on an EBITDA (earnings before interest, taxes depreciation and amortization) basis. One of the few upcoming IPOs in 2019 expected to join Slack by listing directly is home rental platform Airbnb. Recently, shares plummeted after Slack forecast - in its first earnings report as a public company - higher losses in the current quarter than analysts expected. Money-losing tech companies, it seems, just love going public. Revenue grew 65% to roughly $134 million in the first quarter, while losses grew 50% to about $39 million. While direct listings reduce Wall Street fees, it also means insiders, investors and employees sell shares to the public, while Slack itself didn't get any juicy IPO proceeds to reinvest in its business. The popular workplace messaging service openly planned its IPO since 2018, finally going public via a direct listing in June. Slack was always one of the hottest upcoming IPOs of 2019.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |