Technology companies are spending more time to reach their initial public offerings, with the median gap between their early financing and their IPOs reaching 10.1 years in 2017, compared to 6.9 years in 2013, according to a recent estimate. A robust supply of private capital is, it is said, one of the main reasons for this, together with corporate cultures adverse to public markets.
But relatively high share prices and access to more capital remain the first temptations and there is no doubt that 2019 will bring more than a few exciting and indicative IPOs. Among the most awaited are the IPOs that will impact on mobility-as-a-service and ride-landing ecosystems, on social media and on data analysis. There is no guarantee that it will happen, of course, even if some seem much more likely than others.
Here are the five potential IPOs related to payments, trade and digital technology that could occur within the next 12 months. Even if one or more of them do not materialize, the talks will continue on these IPOs, which in turn will help guide the thinking and moves of industry colleagues, competitors and innovators. After all, speculation and anticipation serve as the brush and the paper, the rapid-fire fuel of the bonfire known as economy.
Uber
This potential IPO is less speculative than most – in the middle of the holiday season, in fact, Uber has filed documents with the US Securities and Exchange Commission which sets the stage to make it public. Expectations were set in the first quarter of 2019 for the IPO Uber, which would be among the largest public offers related to the technology of all time, according to analysts, and which could enhance Uber up to $ 120 billion (the occupied territory from IBM like IBM and McDonald & # 39; s). Uber's planned move to raise capital on the public market comes when the company takes giant steps to repair its reputation from its sexual harassment scandals and not only build dominance in the distribution of food, scooters and autonomous cars, but create its own payment and trading ecosystem by launching a closed-circuit payment offer (for now) called Uber Cash.
Lyft
Lyft is also running towards an IPO, not happy to let Uber go away with all the capital. (Try the veal and tip your servers – we're here for the whole week!) By the end of 2019, the taxi vendor has declared "confidentially filed" a draft registration with the SEC – this deposit is among the necessary steps to list the actions and sell them on public exchanges. Observers generally expect that the IPO will determine a valuation for Lyft in excess of the $ 15.1 billion that had been observed at the start of the year. Lyft generally takes second place behind Uber when it comes to their activities, but both are heading towards their early public offers, a new study finds that Lyft is growing twice as fast as Uber. Together, Uber and Lyft control almost 98% of the consumer's ridesharing market in the United States.
Palantir
Wil Big Data and the big analyzes lead to a large IPO for Palantir, a US company that sells data analysis software (and that in 2016 bought the Silk data visualization company, another sign of Palantir's intentions)? Many technology observers are convinced yes, even though the company retains its reputation for secrecy (not surprisingly, as reportedly has or has served customers who make up most of the US government's defense and intelligence complex, including other companies and organizations). The data is supposed to be the oil of digital, the global economy, and this is what could help make this company – which in 2013 rejected the prospect of becoming public, apparently due to the difficulties of public scrutiny – an even more attractive target for investors. Reportedly, an 'IPO could occur in the second half of 2019. "Morgan Stanley estimated a public offering in 2020 between 36 and 41 billion dollars," according to The Wall Street newspaper.
This April could bring more than the blossoming of flowers – the beginning of spring could also see Pinterest become public. The social media platform, known for fashion, engagement and pet photos, inspirational quotes and other attributes, along with users who can purchase products they see there, hoped to select their IPO subscribers in January and then embark on a & # 39; public offering that could estimate the company at $ 12 billion or more. The move planned for public markets comes in the middle of a robust time for Pinterest. In September, Pinterest reached over 250 million monthly active users and is expected to generate more than $ 700 million in revenue this year – a 50% increase over 2017.
Airbnb
Well, will they do it or not? This is the question that has surrounded the IPO of Airbnb for more than awhile. L & # 39; last? The online service, which combines travelers with people with rooms, apartments or houses for short-term rental, wants to be ready to become public on June 30 next year and aims to have an IPO before 2020. Airbnb continues to fight for a larger number of markets share in the short-term and rental market for holidays and in the third quarter it has grossed more than $ 1 billion in revenues, according to a report that offers the first glimpse of the company's revenue. You can be sure that the attention will remain on this company for the whole year in order to capture any signs of an IPO that is about to happen.
That's not all, though.
The New Orleans PYMNTS office is dedicated to the ideal of lagniappe – a term that brings great weight to The Big Easy, and is defined as something that is given as a bonus or gift, like a thirteenth free donut in a dozen box – so here are some other possible IPOs from payments, trade and technology space to watch.
slack
Slack, the app focused on work, has recently been an example of how a company earns a high valuation by relying on private investment. The December reports had Slack's assumption of Goldman Sachs for an IPO, with a potential valuation of over $ 10 billion.
Instacart
The online food delivery service may have lost the Whole Foods business after the acquisition of Amazon, as reported by PYMNTS, and seems to have had little trouble recently in raising private capital. The company also continues to expand, recently announcing the national expansion of Instacart Pickup, a new food collection and sales service that offers customers more extensive delivery and / or withdrawal options, allowing them to order through Instacart and to collect groceries at retailers. Is an IPO in play? According to the CEO Apoorva Mehta in the recent comments, a public offering is "on the horizon", but Mehta has not given any timing.
Rackspace
According to observers, the cloud computing provider, taken in private by Apollo Public Management in 2016, appears once again in public markets. The company could have a valuation of $ 10 billion.
Much can – and will happen – between now and any major IPO related to technology in 2019, forcing changes to even the best plans. But it seems clear that some big names are really about to become public, and sooner or later.
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