{"id":68915,"date":"2019-05-07T16:27:32","date_gmt":"2019-05-07T16:27:32","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=68915"},"modified":"2019-05-07T16:27:32","modified_gmt":"2019-05-07T16:27:32","slug":"this-years-hottest-tech-ipos-a-new-wave-of-tech-giants","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/this-years-hottest-tech-ipos-a-new-wave-of-tech-giants\/","title":{"rendered":"This Year’s Hottest Tech IPOs: A New Wave of Tech Giants"},"content":{"rendered":"

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<\/a>, Lyft<\/a>, and Pinterest<\/a> are some who have recently announced plans to trade publicly.<\/p>\n

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.<\/p>\n

Here are the technology companies that have recently announced or have just gone through an IPO.<\/p>\n

💻 Technology<\/strong><\/p>\n

Lyft (LYFT-Q)<\/a>
\nUber\u2019s 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\u2019s price.<\/p>\n

\n\t\t\t
\n\t\t\t\t\n\t\t\t\t\t\"Lyft\t\t\t\t<\/a>\n\t\t<\/div>\n\t\n\t
\n\t\t\n\t\t\tLyft (LYFT-Q) \u2014 Stockchase\t\t<\/a>\n\t<\/div>\n\t
\n\t\t\n\t\t\t

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.<\/p>\n\t\t<\/a>\n\t<\/div>\n\t

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Zoom Video Communications Inc. (zm-q)<\/a>
\nA communications company that offers remote conferencing services using cloud computing. It\u2019s gained 120 per cent since its IPO in April, exceeding Pinterest and Lyft in evaluation.<\/p>\n

\n\t\t\t
\n\t\t\t\t\n\t\t\t\t\t\"Zoom\t\t\t\t<\/a>\n\t\t<\/div>\n\t\n\t
\n\t\t\n\t\t\tZoom Video Communications Inc. (ZM-Q) \u2014 Stockchase\t\t<\/a>\n\t<\/div>\n\t
\n\t\t\n\t\t\t

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.<\/p>\n\t\t<\/a>\n\t<\/div>\n\t

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Pinterest Inc. (PINS-N)<\/a>
\nPinterest 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.<\/p>\n

\n\t\t\t
\n\t\t\t\t\n\t\t\t\t\t\"Pinterest\t\t\t\t<\/a>\n\t\t<\/div>\n\t\n\t
\n\t\t\n\t\t\tPinterest (PINS-N) \u2014 Stockchase\t\t<\/a>\n\t<\/div>\n\t
\n\t\t\n\t\t\t

Opinion about PINS-N: Growth rates are impressive, with expectations for mid-teens EPS growth. Well over 500M monthly active users (400M outside NA, which is interesting). A social platform, which all have taken over the world. Big competition, but a lucrative area. Reasonable multiple.\u00a0No strong opinion against taking a position. However, wonders how wide their standalone…<\/p>\n\t\t<\/a>\n\t<\/div>\n\t

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Slack (SK-N)<\/a>
\nThe 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.<\/p>\n

\n\t\t\t
\n\t\t\t\t\n\t\t\t\t\t\"Slack\t\t\t\t<\/a>\n\t\t<\/div>\n\t\n\t
\n\t\t\n\t\t\tSlack (WORK-N) \u2014 Stockchase\t\t<\/a>\n\t<\/div>\n\t
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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.<\/p>\n\t\t<\/a>\n\t<\/div>\n\t

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Lightspeed POS (LSPD-T)<\/a>
\nA 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.<\/p>\n

\n\t\t\t
\n\t\t\t\t\n\t\t\t\t\t\"\t\t\t\t<\/a>\n\t\t<\/div>\n\t\n\t
\n\t\t\n\t\t\t Lightspeed Commerce Inc (LSPD-T) \u2014 Stockchase\t\t<\/a>\n\t<\/div>\n\t
\n\t\t\n\t\t\t

Opinion about LSPD-T: Former darling, now struggling in a hyper-competitive space. Management changes mean morale's not great. Chart doesn't show much reason to be optimistic. Lots of rumours, nothing's come to fruition. Never want to be too early on a big turnaround; need to see a few quarters of positive momentum.Cheap, but that's not always…<\/p>\n\t\t<\/a>\n\t<\/div>\n\t

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Pagerduty (PD-N)<\/a>
\nThe DevOps software platform\u2019s stock price has nearly grown 60 per cent since it\u2019s 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.<\/p>\n

\n\t\t\t
\n\t\t\t\t\n\t\t\t\t\t\"PagerDuty\t\t\t\t<\/a>\n\t\t<\/div>\n\t\n\t
\n\t\t\n\t\t\tPagerDuty (PD-N) \u2014 Stockchase\t\t<\/a>\n\t<\/div>\n\t
\n\t\t\n\t\t\t

Opinion about PD-N: They recently put up great numbers, but this industry is so hated that they didn't matter.<\/p>\n\t\t<\/a>\n\t<\/div>\n\t

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🛍 Consumer<\/strong><\/p>\n

Beyond Meat Inc. (BYND-Q)<\/a>
\nThe 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.<\/p>\n

\n\t\t\t
\n\t\t\t\t\n\t\t\t\t\t\"Beyond\t\t\t\t<\/a>\n\t\t<\/div>\n\t\n\t
\n\t\t\n\t\t\tBeyond Meat Inc. (BYND-Q) \u2014 Stockchase\t\t<\/a>\n\t<\/div>\n\t
\n\t\t\n\t\t\t

Opinion about BYND-Q: Trevor Rose\u2019s Insights - Trevor\u2019s most-liked answers from 5i Research Once closed (it is approved), debt holders will own 88% of the stock, and 316 million new shares will be issued. While the restructing gets the company a better ability to 'survive' it does not really set it up to 'prosper'. The…<\/p>\n\t\t<\/a>\n\t<\/div>\n\t

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Uber (UBER-N)<\/a>
\nThe 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.<\/p>\n

\n\t\t\t
\n\t\t\t\t\n\t\t\t\t\t\"Uber\t\t\t\t<\/a>\n\t\t<\/div>\n\t\n\t
\n\t\t\n\t\t\tUber (UBER-N) \u2014 Stockchase\t\t<\/a>\n\t<\/div>\n\t
\n\t\t\n\t\t\t

Opinion about UBER-N: (A Top Pick Oct 02\/24, Up 27%) A story of growing cashflow, which will continue to grow. Mixed analyst estimates for next year. Long-run story is intact. Stock's behaving very well. But in general, his firm is reducing exposure to the consumer.<\/p>\n\t\t<\/a>\n\t<\/div>\n\t

\n\t\t\"stockchase.com\"\t\tstockchase.com\t<\/div>\n<\/div>\n

🚚 Industrials<\/strong><\/p>\n

Airbnb (AIRBNB-Q)<\/a>
\nThe 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.<\/p>\n

\n\t\t\t
\n\t\t\t\t\n\t\t\t\t\t\"Airbnb\t\t\t\t<\/a>\n\t\t<\/div>\n\t\n\t
\n\t\t\n\t\t\tAirbnb (ABNB-Q) \u2014 Stockchase\t\t<\/a>\n\t<\/div>\n\t
\n\t\t\n\t\t\t

Opinion about ABNB-Q: Trevor Rose\u2019s Insights - Trevor\u2019s most-liked answers from 5i Research ABNB will likely do fine over the longer-term but currently, competition has been increasing and pricing has become less competitive vs alternatives. We also might question whether the experience is much better than hotels at this stage after extra fees and host…<\/p>\n\t\t<\/a>\n\t<\/div>\n\t

\n\t\t\"stockchase.com\"\t\tstockchase.com\t<\/div>\n<\/div>\n

WeWork – A coworking and workplace rental company. Last year, they doubled their revenues although it\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":9,"featured_media":70205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[17],"tags":[],"class_list":["post-68915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lists"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/68915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=68915"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/68915\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/70205"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=68915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=68915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=68915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}