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Uber, Pinterest, Slack: These are the next big tech IPOs

Melody Hahm
Senior Writer


High profile tech IPOs expected in 2019


Lyft (LYFT) began trading on the Nasdaq Friday morning at $87.24 per share, 21% above its IPO price of $72. The ride sharing company is now valued at about $30 billion. It’s the first to cross the finish line among the recent crop of high-profile, yet highly unprofitable unicorns, or startups valued at $1 billion or more.

Lyft had 30.7 million monthly active users last year, bringing in $2.2 billion in 2018, up from $1.1 billion in 2017. But its net loss also ballooned, reaching $911.3 million in 2018, up from $688.3 million the year before. It’s in good company, with tech titans like WeWork doubling its revenue — but also its net loss — last year.

Here’s a snapshot look at the tech juggernauts that are slated to go public this year:

Uber (UBER)

Filed confidentially with the SEC in December 2018

  • Currently valued at $76 billion but could end up going public at $120 billion.

  • 2018 revenue: $11.3 billion, up from $7.3 billion in 2017

  • 2018 net loss: $1.8 billion, down from $2.2 billion in 2017

  • Monthly active riders in 2018: 75 million

  • Expected debut date: April 2019 on the New York Stock Exchange (NYSE)

Pinterest (PINS)

Filed S-1 in March 2019

  • Last private valuation: $12 billion (in line with expectations)

  • 2018 revenue: $755.9 million, up from $472.9 million in 2017

  • 2018 net loss: $63 million, down from $130 million in 2017

  • Monthly active users: 265 million

  • Average revenue per user (ARPU): $3.14 (up 25% from 2017)

  • Expected debut date: April 2019 on the NYSE

Slack

Confidentially filed S-1 in February 2019

  • Last private valuation: $7.1 billion

  • 2018 revenue: $350 million, net loss unknown

  • Daily active users: More than 10 million

Postmates

Confidentially filed S-1 in February 2019

  • Last private valuation: $1.85 billion

  • 2018 revenue: $400 million, net loss unknown

  • 2017 revenue: $250 million

  • 2017 net loss: $75 million

Airbnb

Has not yet filed to go public

  • We don’t know revenue/net income numbers … The company has reportedly made money for two years in a row, including $93 million in profit on revenue of $2.6 billion in 2017.

  • Last private valuation: $38 billion

  • Guest arrivals to date: 500 million

Palantir

Has not yet filed to go public

  • Last private valuation: $20 billion (could be valued as much as $41 billion)

  • 2018 revenue: $900 million, net loss unknown

WeWork

Has not yet filed to go public

  • Last private valuation: $47 billion

  • 2018 revenue: $1.8 billion

  • 2018 net loss: $1.9 billion

  • Total paying members: 401,000 in 100 cities across 27 countries

We will continue to update this list.

Melody Hahm is a senior writer at Yahoo Finance, covering entrepreneurship, technology and real estate. Follow her on Twitter @melodyhahm.

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