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This Year’s Hottest Tech IPOs: A New Wave of Tech Giants

Melisa R. H. Posted On May 7, 2019
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Yesterday, co-working giant WeWork (which recently rebranded to The We Company) announced that it confidentially filed for an IPO in December. WeWork will join a growing class of tech firms that have recently gone public. Uber, Lyft, and Pinterest are some who have recently announced plans to trade publicly.

Interest in technology companies is growing as they have huge growth potential. Still, most of the new tech IPOs companies have limited profitability and most still lose money.

Here are the technology companies that have recently announced or have just gone through an IPO.

💻 Technology

Lyft (LYFT-Q)
Uber’s biggest competitor. Their valuation has become reasonable and is considered a soft buy by analysts. They are currently hiring for their new Montreal office, and they are looking to expand their services to more Canadian locations. Their biggest competition, Uber, who will be going public this week, will put pressure on Lyft’s price.

Lyft (LYFT-Q) — Stockchase
Lyft (LYFT-Q) — Stockchase

Opinion about LYFT-Q: Is surprised with its weakness. Nobody talks about the costs of operating self-driving cars, like insurance, and the costs could be disastrous for Lyft.

stockchase.com stockchase.com

Zoom Video Communications Inc. (zm-q)
A communications company that offers remote conferencing services using cloud computing. It’s gained 120 per cent since its IPO in April, exceeding Pinterest and Lyft in evaluation.

Zoom Video Communications Inc. (ZM-Q) — Stockchase
Zoom Video Communications Inc. (ZM-Q) — Stockchase

Opinion about ZM-Q: Their last quarter was pretty good, and they have some good apps. His stepson worked there. They are doing a lot right, but it's taking a very long time.

stockchase.com stockchase.com

Pinterest Inc. (PINS-N)
Pinterest started trading publicly on the same day as Zoom Video Communications and has risen 49 per cent. They received a neutral grading following reports that the user base is particularly supportive of monetization. Analysts expect Pinterest to go towards e-commerce.

Pinterest (PINS-N) — Stockchase
Pinterest (PINS-N) — Stockchase

Opinion about PINS-N: It has been around a long time but many people don't realize that 2 1/2 years ago new management came in and really changed things. They improved the site and are using AI to make both the content and ads more relevant to the users. In the last quarter it had 16%…

stockchase.com stockchase.com

Slack (SK-N)
The workplace chat app applied to the SEC to begin publicly trading this month. They are doing a direct public offering, meaning that existing privately-held shares will be sold to the public, and the price will be determined as such.

Slack (WORK-N) — Stockchase
Slack (WORK-N) — Stockchase

Opinion about WORK-N: Mission is to eliminate email, to lead to higher productivity. Interesting product. Being acquired by Salesforce, in a huge deal. He worries about competition from MSFT Teams. Post-pandemic, businesses are going to be consolidating and eliminating vendors.

stockchase.com stockchase.com

Lightspeed POS (LSPD-T)
A Montreal based POS company that recently went public. They are considered a smaller Shopify. They have great revenue growth with good recurring revenue. A high growth company.

 Lightspeed Commerce Inc (LSPD-T) — Stockchase
Lightspeed Commerce Inc (LSPD-T) — Stockchase

Opinion about LSPD-T: A growth stock in tech, so it is twice as volatile as most stocks. More speculative than most, though not expensive right now. It made a low recently around $7, so it's move up a lot since then. Too risky for him. But if it re-test the recent low and holds, that's…

stockchase.com stockchase.com

Pagerduty (PD-N)
The DevOps software platform’s stock price has nearly grown 60 per cent since it’s IPO. They offers a subscription service that facilitates communication between software developers and operators. Investors are looking more closely to companies that serve the IT needs of businesses.

PagerDuty (PD-N) — Stockchase
PagerDuty (PD-N) — Stockchase

Opinion about PD-N: They recently put up great numbers, but this industry is so hated that they didn't matter.

stockchase.com stockchase.com

🛍 Consumer

Beyond Meat Inc. (BYND-Q)
The meat replacement product has just gone public last week. They specialize in vegan meat that is sold in the meat department in the grocery store. Their demand has been growing, especially with A&W offering the widely popular Beyond Meat burger.

Beyond Meat Inc. (BYND-Q) — Stockchase
Beyond Meat Inc. (BYND-Q) — Stockchase

Opinion about BYND-Q: Doesn't want this on her BBQ.

stockchase.com stockchase.com

Uber (UBER-N)
The ride-hailing service is preparing for the biggest IPO since Facebook in the US with 180 million shares, expected to bring in about $10.35 billion. The company also operates a food delivery service, business fleet, urban bike program, freight system, and research and development.

Uber (UBER-N) — Stockchase
Uber (UBER-N) — Stockchase

Opinion about UBER-N: Can continue to deliver solid topline growth. Good company, though he has questions about it and is watching. Worried about robotaxis. Waymo seems to have some serious traction right now. UBER has the distribution and the software. 

stockchase.com stockchase.com

🚚 Industrials

Airbnb (AIRBNB-Q)
The hospitality service startup is preparing for their IPO and should debut on the stock market by the end of the year. They have experienced a great rate of growth. The estimated evaluation for the IPO is at 30 billion dollars.

Airbnb (ABNB-Q) — Stockchase
Airbnb (ABNB-Q) — Stockchase

Opinion about ABNB-Q: Share hit a high after last month's surprise quarter, prompting upgrades. But shares have since lost those gains. Is cheap now. Is a long-term secular winner. It's the prefferred way for young people to travel.

stockchase.com stockchase.com

WeWork – A coworking and workplace rental company. Last year, they doubled their revenues although it’s been unable to continue at the same rate in 2019. They announced that they are preparing to trade publicly, and investors are watching closely as the growth potential is immense.

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