In this article, we explore the IPOs anticipated to go public and make a big impact in 2019. In 2018 there was a burst of initial public offerings; however, 2019 looks even more alluring. There’s a handful of multibillion-dollar companies expected to go public. The following are the hottest upcoming IPOs to keep an eye on in 2019.
To no surprise, Uber is high on the list as one of the upcoming IPOs in 2019. Uber has confidentially filed to go public with the Securities and Exchange Commission early December. Uber’s goal is to beat their rival Lyft to Wall Street. Uber is expected to go public by the first half of 2019. Potential IPO valuation is expected at $120 billion.
Next on the list is Uber’s rival Lyft. Lyft isn’t just competing Uber with ride sharing, but they’re also competing them with the first to adopt self-driving cars and thus reducing labor costs in the hopes to break even. Lyft is also planning to go public in the first half of 2019. In fact, Lyft coincidentally confidentially filed to go public on the same day back in December. Lyft definitely has some major backers, which include General Motors Co., Alphabet, Icahn Enterprises and Fidelity. Lyft’s potential IPO valuation is estimated at $15 billion.
The third on the list is Airbnb. Unlike the two previous companies, Airbnb is reportedly pondering a “direct listing.” This move will cut out Wall Street underwriters and sell shares straight to the public. The negative side of this move is that the company doesn’t earn any of the proceeds. This approach allows insiders to cash out. The potential 2019 IPO valuation is estimated to be at $31 billion.
Finally, coming in at fourth is the company Slack. Slack is a hot startup company that is rushing to go public by the end of the year. Slack is a workplace messaging app. As they’re prepping to go public, they hired Goldman Sachs to assist with lead underwriting duties. Their daily users are impressive, boasting 8 million total users and 3 million paying subscribers in mid-2018. Since Slack is a messaging app, they do face strong competition from Microsoft, Alphabet, Cisco Systems and Facebook. Slack’s 2019 IPO estimated at $10 billion.