spot_img
28.6 C
Philippines
Friday, March 29, 2024

Uber, Lyft, Airbnb prepare IPO bids

- Advertisement -

New York—Investors have been priming themselves for a potentially huge influx of companies selling stock to the public for the first time, led by ride-sharing game changers Uber and Lyft, but the outlook is more uncertain with the vicious return of  volatility to the market.

For companies trying to raise capital, volatility is the enemy.

“We enter 2019 on uncertain footing,” said Renaissance Capital, a research firm focused on initial public offerings.

The market is coming off an outstanding 2018 for stock offers, with 231 companies going public and raising $61 billion, the best year since 2014 when Alibaba entered Wall Street, according to Dealogic.  

Waiting in the wings and expected to launch in 2019 are several prominent “unicorns”–a private company worth more than $1 billion.

- Advertisement -

This group includes ride-sharing service Lyft, which filed confidential papers to go public, and its archrival Uber, according to US business press.  

Others that are expected to go public include the lodging service Airbnb, messaging service Slack, content website Pinterest and data analytics company Palantir.

- Advertisement -

LATEST NEWS

Popular Articles