Here are the mega IPOs so far in 2019

iStock; Peabody/YouTube; Samantha Lee/Business Insider
  • Initial public offerings have rebounded in early 2019 after a slow end to last year.
  • Levi Strauss, Lyft, and Tradeweb have already gone public while Uber and Pinterest are exploring IPOs.
  • Trading among the companies was mixed with Levi and Tradeweb up sharply with Lyft struggling to rise above IPO price.

Tradeweb last week was the third mega initial public offering in the US this year, raising nearly $US1.1 billion. Of the three, Tradeweb and Lyft each raised more than $US1 billion through the sale of stock while Levi raised over $US600 million.

This year looks to be a banner one for the listing of so-called unicorns, or private tech companies with valuations over $US1 billion. Pinterest began its IPO road show on Monday with a planned valuation of up to $US11.3 billion -notably below the last private valuation ($US12.3 billion) of the company. This could be due to wariness of “unicorn” valuations following the choppy trading of Lyft, which is currently below its IPO price.

In what is expected to be the largest IPO of 2019, Uber is expected to hit the public markets later this month with a valuation of over $US100 billion.

Check out the details of three big US IPOs this year:


Levi Strauss

Hollis Johnson/Business Insider

Ticker: LEVI

Description: Iconic maker of denim jeans.

IPO Price: $US17

Opening trade: $US22.22

Opening premium to IPO price: 31% premium

Performance since IPO price: 25% increase

Valuation at IPO: $US6.6 billion

Amount raised in IPO: $US623 million


Lyft

Ticker: LYFT

Description: Ride-sharing company.

IPO Price: $US72

Opening trade: $US87.24

Opening premium to IPO price: 21% premium

Performance since IPO price: 1% decrease

Amount raised in IPO: $US2.7 billion

Valuation at IPO: $US23.4 billion

[chart]


Tradeweb

Ticker: TW

Description: Electronic trading platform for bonds.

IPO Price: $US27

Opening trade: $US36.24

Opening premium to IPO price: 27% increase

Performance since IPO price: 42%

Valuation at IPO: $US6.0 billion

Amount raised in IPO: $US1.1 billion


PagerDuty

PagerDuty

Ticker: PD

Description: cloud-based software-as-a-service company

IPO Price: $US24

Opening trade: $US41.95

Opening premium to IPO price: 75%

Performance since IPO price: 62%

Valuation at IPO: $US1.8 billion

Amount raised in IPO: $US250 million


Pinterest

Ticker: PINS

Description: Social-media company where users share their interests, such as recipes or redecorating strategies, through “pinning” photos or articles for other readers.

IPO Price: $US19

Opening trade: $US23.75

Opening premium to IPO price: 25%

Performance since IPO price: 26%

Valuation at IPO: $US10 billion

Amount raised in IPO: $US1.4 billion


Zoom

Ticker: ZM

Description: Cloud-based remote video conferencing provider

IPO Price: $US36

Opening trade: $US65

Opening premium to IPO price: 81%

Performance since IPO price: 67%

Valuation at IPO: $US5 billion

Amount raised in IPO: $US751 million


SEE ALSO:

Business Insider/Andy KierszHigh-profile tech valuations at time of IPO.

Lyft went public at a $US24 billion valuation. Here’s how that compares to other high-profile tech companies dating back to the dotcom bubble.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.