Two major companies are coming to market as investors await some of the highest-profile technology deals ever.
Ride-sharing giant Lyft will file for an initial public offering (IPO) as early as next week, according to The Wall Street Journal and Bloomberg. Management would reportedly have its roadshow with investors in the second half of March, followed by pricing in early April.
Then late yesterday, The Wall Street Journal reported social media giant Pinterest is on track to do its IPO as early as June.
“This is anticipated to be a year with a number of high-profile tech companies slated to go public,” said ClickIPO CEO Scott Coyle. His company’s teamed up with TradeStation to give individuals access to a market once accessible only to wealthy individuals and institutions.
Press reports suggest Lyft may be valued at $20-25 billion, while Pinterest could be worth about that amount. Remember, those would be the total company valuations — not the amount of shares sold in the IPOs.
Other big names expected to follow potentially include Lyft rival Uber, apartment-sharing firm Airbnb, discount brokerage Robinhood, data-intelligence company Palantir Technologies and office-space provider WeWork.