Here Comes Lyft and Other Major IPOs

Here Comes Lyft and Other Major IPOs

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.

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David Russell is Global Head of Market Strategy at TradeStation. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.