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

Melody Hahm
·West Coast Correspondent
High profile tech IPOs expected in 2019
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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