All of the tech startups which have taken steps towards going public in 2019 — and people rumored to be eyeing an IPO

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 7, 2019.

  • 2019 was purported to be the “12 months of unicorns,” however market volatility and the 35-day authorities shutdown have brought about some firms seeking to go public to decelerate or delay their submitting processes.
  • Some firms, together with dueling ride-hailing opponents Uber and Lyft, have been taking their first official steps towards IPOs regardless of an unsure financial surroundings.
  • Listed below are all of the tech startups who’ve taken steps towards going public in 2019, in addition to firms which might be rumored to be gearing up for an IPO later this 12 months. 

Though the marketplace for tech IPO choices is being known as a “s—show” in 2019, that hasn’t stopped some startups from taking steps towards going public anyway.

However because of market volatility on the finish of 2018, in addition to the federal government shutdown in January that put public filings on maintain, 2019’s “banner 12 months” has began out sluggish. The down market has left many highly-anticipated tech IPOs to be delayed, and bankers are actually anticipating an inundation of IPOs within the second quarter of 2019, starting in March.

By way of the primary two months of 2019, there have solely been a handful of tech startups which have taken official steps towards going public. A number of the most highly-anticipated startups have made their first strikes already — Uber and Lyft are dueling it out to be the primary of the 2 multi-billion greenback ride-hailing platforms to go public.

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Listed below are the tech startups which have taken steps towards going public, and people which might be rumored to make their first strikes in 2019:

(Valuations and funding raised courtesy of PitchBook.)

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Table of Contents

Past Meat

Firm function: Animal-free meat merchandise

12 months based: 2009

Headquarters location: El Segundo, California

Valuation: $1.35 billion

Complete funding raised: $192.eight million

Reported income: $56.four million in first 9 months of 2018 (MarketWatch)

IPO standing: Past Meat filed to go public beneath the ticker BYND in November 2018. Nevertheless, the corporate has but to listing resulting from delays and inabilities to get paperwork accredited ensuing from the 35-day federal authorities shutdown that went by January.



Lyft

Firm function: Experience-hailing app

12 months based: 2007

Headquarters location: San Francisco, California

Valuation: $15.1 billion

Complete funding raised: $four.91 billion

Reported income: $909 million in first half of 2018 (The Data)

IPO standing: Lyft confidentially filed paperwork with the Securities and Trade Fee in December. A number of information shops have reported Lyft is readying to make its submitting public as quickly as the tip of February, with a roadshow starting the week of March 18.



PagerDuty

Firm function: IT incident administration platform

12 months based: 2009

Headquarters location: San Francisco, California

Valuation: $1.three billion

Complete funding raised: $173.7 million

Reported income: $100 million in “annual recurring income” as of September 2018 (Forbes)

IPO standing: PagerDuty reportedly confidentially filed to go public with the SEC in January, however has confronted delays because of the authorities shutdown.

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See the remainder of the story at Enterprise Insider

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