10 Hot Companies That Will Go Public In 2019
When a company goes public, they give what’s known as an IPO, or initial public offering. By definition, it is “a company’s flotation on the stock exchange.” The IPOs as they are called, are essentially the stocks one buys to acquire a percentage of a publicly traded company’s holdings.
In 2019, at least ten companies doing very well have plans for going public. Here’s a list of the companies you should consider buying stock in:
Uber is on track to be the biggest IPO in stock exchange history. With $20 billion already in their pocket, projections suggest they may be able to match that in the coming year. Their last quarter saw a 38% increase in revenue that amounted to about $2.95 billion.
Founded in 2008, the company is now focused on more than just ride-hailing. In addition to food deliver with UberEats, the company has also gone into freight and self-driving cars. If you consider the possibilities for growth, Uber may be a company worth investing in.
Similar to Uber in its ride-hailing, it has about 28% percent of the US market. Lyft was established a few years later, which is likely why the rival company has 70% of the market.
The Lyft and Uber IPOs may be getting rolled out at the same time, which may make it difficult to have the cash available for deals.
But growth for Lyft has been steady, with revenues climbing an admirable 88% to about $563 million. They have also sought out strategic partnerships with General Motors, Tata Motors, and Ford.
The company was co-founded by Steward Butterfield, who owned Flickr before selling it to Yahoo! In 2005.
With the core tech of his previous endeavor in mind, Tiny Speck, he used that knowledge to create Slack. This platform focused on team-based chat for the workplace. It gained so much popularity, it began to rival Google and Alphabet.
The platform currently has more than 8 million daily active users, 3 million of which are paid.
The estimated value of the IPO deal with underwriter Goldman Sachs is $10 billion.
Palantir was founded by Paypal co-founder Peter Thiel. He was also the first person to invest when Facebook went public. Thiel believes that using data mining and analytics can be used to fight fraud and terrorism.
In totally the company has raised about $2.5 billion since its inception in 2004. That being said, they are projected to reach a whopping $750 million in revenue.
Pinterest began in 2009 as a way for users to catalog favorite photos and recipes. The company’s website states: “Pinterest inspires you to discover and do what you love. It sparks your creativity, gets you trying new things, and allows you to be yourself.”
Revenue for Pinterest back in 2017 was an estimated $500 million. This year they are projected to reach about $1 billion. IPOs are expected pulled off in the second half of 2019.
The company began as a way for Brian Chesky and Joe Gebbia to find cheap lodging when a hotel room was too expensive. Revenues back in 2018 ranged from $3.5 billion to $4 billion. With their IPO, some believe they will take a ‘direct offering’ approach. This means the company will issue shares directly to the public instead of using an underwriter.
Postmates is a special platform that allows for the delivery of all kinds of packages. It serves 550 cities and makes monthly deliveries are about 3.5 million, using 250,000 merchants.
Tiger Global Management invested $300 million into Postmates in September 2018. At the time, the valuation was $1.2 billion
The mattress industry is a $16 billion dollar a year business with margins as high as 50%. Few innovations have been made in regards to the industry. Casper Mattress is an online operator focused on customer service and the product.
The company also has plans to establish a retail footprint. Founder Philip Krim affirmed in an interview the company would be market ready in 2019.
A cybersecurity firm established in 2011, the company seeks to protect information with the help of a sophisticated AI. The system itself is tasked with analyzing more than 1 trillion events each week in 176 countries.
With GS as their lead underwriter, the second half of 2019 is when the deal is expected to take off. There are talks the valuation may be more than $3 billion.
Founded in 2008 by Dustin Moskovitz, the co-founder of FB, Asana is a project management app. Last year the company had a round of $50 million at a $1.5 billion valuation.
With Asana having little trouble getting private capital, public offering seems the best way for the company