The biggest Industrial IPOs so far

2019 has been a very interesting year so far with major breakthroughs in the domains of technologies and industrial changes. The year also some of the very big names going public and going through a downfall from what they expected or turning out to be money making unicorns. Here are the top companies that were the talk of the town for their IPOs.

UBER

Uber was one of the companies to revolutionize ride hailing and has since been through a lot of ups and downs to reach the place that it is in today. On May 10th, 2019, Uber went public and raised 8.1 billion on its much awaited debut on the New York Stock Exchange.

With its initial offering at $45 a share, the stock opened at a lesser $41. The price itself was a third lower than what was predicted by the analysts last year. It still puts Uber at the third highest market capitalisation at IPO of all times behind Alibaba and Facebook.

Pinterest

Pinterest has had a successful public offering where it came to the marketĀ  at $19 per share in April 2019. It further went on to increase 27% to reach $24.13 by the mid day trading came up. It has also seen a steadily growing monthly user base which hit 285 million by the end of 2018 with a standing revenue of 755.9 million. With an increase from 447.29 million from the previous year, the company does hold some promises inspite of the continuous losses and cash burn.

 

ZOOM

Zoom was on of the unicorns which sky rocketed since its trading debut in April. The public trading started at $65 and reached as high as $66. Considering the IPO price of $36 this is almost a miracle. The company is thus now valued at more than $16 billion. The company encompasses both profitability and growth and has been attracting a truck load of investors and companies.

 

PAPERDUTY

Paperduty was one of the first enterprise software makers to public this year. At the closing, the shares were trading up by 59 percent of $38.25 on April 14 and the company was valued at 2.8 billion USD. The company currently counts over 10000 customers including companies such as IBM, Auto Trader and UK challenger bank Monzo.

 

 

LYFT

Lyft was the other unicorn to start trading publicly in march 2019. With an IPO of $70-72 the shares popped up by a total of 21% on the opening day to settle at a wholesome of $78.29. The company is thus evaluated at a massive total of 27$ billion. It is also very interesting to note as Lyft rising to be the alternative of Uber ( ethically conscious alternative as some say). However, Lyft does not have the global outreach of Uber and also, little technology differentiation, so it will be interesting to see how Uber stands in its listing towards the end of the year.

We will also be looking at some other companies which have filed for their IPOs and see how they fare.

  1. Slack
  2. Postmates
  3. Wework

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Story Conceived & Written by

Meghna Peer, Co-Founder & CMO, Insourcing Multiplier

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