Biggest technology IPOs 2019 so far

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Biggest technology IPOs 2019 so far

This year is shaping up to be a big one for technology IPOs. Lyft, Pinterest and Uber have already gone public, and Slack, and Airbnb are expected to join them soon.

This year is shaping up to be a big one for technology IPOs. Lyft, Pinterest and Uber have already gone public, and Slack, and Airbnb are expected to join them soon.

Analysts expect a drop in the total number of IPOs this year, but the tech companies that are going public include some of the world’s biggest.

In 2018, Renaissance Capital tracked 190 companies going public in 2018, up 19 percent from the year before, according to MarketWatch, led by the likes of Sonos, Spotify and Dropbox and a raft of unicorns from Utah, hitting the public markets.

This year, a host of unicorns are likely to float, meaning it “could still be a big year for proceeds if not for deal count,” according to Renaissance. This prediction is supported by CB Insights, which estimates that “if Uber, Airbnb, Pinterest, and Slack were to go public at their rumoured IPO valuations, they would all rank among the 10 largest venture-backed tech IPOs since 2012.”

Here are the biggest technology IPOs of 2019 so far.

  • Dynatrace – raise $570 million in its initial public offering. This valued the company at $6.7 billion.
  • Slack – first day of trading at $38.62, up 48% from its reference price. This valued the company at $21 billion, which is around three times its last private valuation.
  • Crowdstrike – Mega debut with its stock price surging by as much as 97% on the first day. The vendor’s value rocketed to more than $11 billion, nearly four times as much as it was valued at its last funding round in June 2018.
  • Uber – raising $8.1 billion in its long-awaited debut on the New York Stock Exchange (NYSE). Valuation of $82.4 billion at IPO.
  • Pinterest – Pinterest had a successful start to public life. It came to market priced at $19 per share, giving the company a $12.7 billion valuation, and popped 27% to $24.13 by midday trading.
  • Zoom – Zoom styrocketed in its trading debut in April. The videoconferencing company began publicly trading at $65 and reached as high as $66, up significantly from the IPO price of $36, valuing the company at more than $16 billion.
  • PaperDuty – Shares were trading up 59% at the close of the first trading day at $38.25 on April 14. Valuing the Canadian company at $2.8 billion.
  • Lyft – Shares popped by as much as 21% on opening day, before settling nearer $78.29 a share, which was up 9% on its list price of $70-$72, giving the company a massive $27 billion valuation.

 

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