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Unicorns that might go for IPO in 2020

unicorns-that-might-go-for-ipo-in-2020
[Image Credit: Pixabay]

WORK LIFE

Unicorns that might go for IPO in 2020

We often hear the word “Going Public” and those who wonder what it is it? Let Tersebox help you in understanding it. Going public means, a privately held firm in going to be listed on stock market for first time through the process of IPO to raise fresh fund, these fresh funds can be used by firm for expansion, clearing debt or other identified purpose. History of IPO goes way back to 1600s, The Dutch East India Co. is said to be the first company that went public. Firm, who manage to go public not only get access to cheap capital as per requirements but also firm’s credibility boost up in eyes of public, customers and suppliers.

2019 was a great year of IPOs. Saudi’s Aramco IPO priced at $1.7 Trillion made debut in the stock market and became largest public company in the world followed by Chinese ecommerce giant Alibaba, which became second largest IPO with  valuation of around $12.9 billion. In USA, Uber went public but unfortunately performed a flop show on Wall Street like its competitor Lyft, which also went public in 2019 and flopped. Some of the other names in US IPO market were Pinterest, Levi-Strauss and Beyond Meat.

With New Year of 2020, we could see few well known silicon giants hitting the stock market with IPO this year. Few identified firms by market analysts to watch for in 2020 if they went public are:

  • Lemonade: The New York City-based insurance startup founded by Daniel Schreiber and Shai Wininger in 2015 is valued at around $2 billion. Lemonade is backed by Softbank and could make a market debut in 2020.
  • Airbnb: Home sharing tech giant founded by Brian Chesky, which has made our stay easy and affordable is among the top watch IPO candidate in 2020.
  • Instacart: San Francisco-based grocery delivery startup cofounded by Aproova Mehta told CNN at the beginning of last year that an IPO “is definitely on the horizon.”
  • Casper: Casper Sleep is a privately held, U.S.-based, e-commerce company that sells sleep products online and in retail locations. Eventough it is one of the most watch IPO in 2020 but investors seems to be worried with founder Philip Krim’s dream of $1 billion IPO, which could backfire.
  • Doordash: Softbank backed food delivery startup catering to more than 4,000 cities in the U.S., Canada, Puerto Rico, and Australia is on the list of potential IPO candidate.
  • Gitlab: Sid Sijbrandij, CEO and Cofounder for the Gitlab made an announcement on the website that they will be looking to go public in month of November of 2020.
  • ZoomInfo: Business database provider Zoominfo was acquired by DiscoverOrg in February of 2019. Last November, the company announced it had filed confidentially for an IPO with the SEC.
  • Instacart: San Francisco-based grocery delivery startup cofounded by Approva Mehta told CNN at the beginning of last year that an IPO “is definitely on the horizon.”
  • Olo: First non-tech firm on the list os Olo is preparing itself for $1 billion IPO launch this year.
  • Asana: Dustin Moskovitz, ex-Facebook cofounded workplace management software Asana. Like its competitor Smartsheet Inc Asana is looking for successful IPO this season.
  • Lemonade: The New York City-based insurance startup founded by Daniel Schreiber and Shai Wininger in 2015 is valued at around $2 billion. Lemonade is backed by Softbank and could make a market debut in 2020.
  • Oscar Health: Health insurance startup Oscar Health co-founded by Mario Schlosser, Kevin Nazemi, and Joshua Kushner is preparaing themselves from 2018 by hiring right people, who could help firm in launching successful IPO.
  • Postmates: The food-delivery startup made an announcement of an IPO last year but due to WeWork fiasco they recused themselves. Bastian Lehmann, cofounder confirmed the company put its IPO on hold, saying at a conference in October, “We will IPO when we believe we find the right time for the business and the right time in the markets.”

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