The Strategist

6 most expected IPOs of 2019


12/17/2018 - 14:37



The current year has brought quite a few large primary placements, but the next one promises to be fruitful in this regard. Now investors are most interested in what companies have the best chances to become the favorites of the market.



Public Domain Pictures
Public Domain Pictures
Among the most anticipated are IPOs of Uber Technologies Inc. and Lyft Inc. The rival companies engaged in similar activities will compete to receive money from the same investors. Many also look forward to debut of firms such as Airbnb, Slack and Pinterest. Total valuation of these projects on the market is about $ 100 billion.

Below, we will tell you more about the 6 largest primary placements planned for 2019.

1. UBER

Uber's IPO is among the most anticipated on Wall Street and in Silicon Valley. Earlier, Uber’s CEO Dara Khosrowshahi publicly announced his intention to conduct an initial public offering of the company in the second half of 2019. Nevertheless, there are opinions that the IPO date may be shifted as Khosrowshahi wants the company to become public in the first half of next year.

Uber, now founded in 2009, is considered one of the most expensive startups in the world - its latest valuation was about $ 76 billion. Morgan Stanley believes that the company can be valued at $ 120 billion during an IPO. According to Bloomberg, the taxi service has applied for pre-registration initial public offering of the company's shares on the stock exchange in early December.

2. PALANTIR

Palantir is a privately held American company that develops data analysis software for organizations. The main customers of the manufacturer are usually special services, investment banks and hedge funds.

The startup was founded in 2004 by Peter Thiel, creator of PayPal and colleague of Elon Musk. Currently, Palantir is estimated at $ 20 billion and, according to The Hill, plans to hold an IPO early next year. Nevertheless, the company is still undecided and may eventually remain private, according to the Wall Street Journal.

3. LYFT

Banks have estimated Lyft in the range of $ 18 billion to $ 30 billion, a price target of $ 25 billion. The company plans to go public in the first half of next year.

4. PINTEREST

Pinterest offers a visual discovery tool that helps users find ideas for various projects on the Internet. The platform allows posting content, including photos, comments, links, news and updates, as well as other materials.

Initially, the company planned to enter the IPO in 2018, but decided to postpone the deadlines after financial failures in 2017. Nevertheless, the situation has stabilized at the moment, mostly due to the growth in advertising revenue of the company. During the last round of financing in 2017, Pinterest was valued at $ 12.3 billion.

5. SLACK

Slack is a popular corporate chat, online service for conducting correspondence within the team. For many years, the company refused to negotiate acquisition with Microsoft and Salesforce. Slack is planning an IPO in early 2019. To prepare for the placement, the company hired Goldman Sachs Bank. According to Reuters, the cost of Slack can reach more than $ 7.1 billion.

6. AIRBNB

Airbnb is an online platform for hosting, searching and short-term rental of private housing around the world. In May, Airbnb CEO Brian Chesky announced that the company was ready to enter the market in 2019. The company's debut on the stock exchange is likely to take place in the middle of next year. Currently, Airbnb is estimated at about $ 31 billion.

source: ft.com




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