With 2019 on the horizon it is only right for me to release my list of the Top 3 Stocks whose IPO I will be on the look out for.These 3 companies are huge and projected to have very strong initial public offerings.
My TOP 3 Stocks IPO To watch (2019 List:
Uber Stock IPO:
With a Market cap of $72 billion, Uber has one of the largest private market caps in the tech sector. Toyota has invested 500 Million into Uber for the development of autonomous cars.The Toyota sienna will be the first autonomous car to hit the streets according yo Toyota(TM).The so called “Robotaxi” is set to make trillions by 2050.
Uber CEO Dara Khosrowshahi said the company is still on track to go public in the second half of 2019.
Uber has also appointed a new CFO (Chief Financial Officer) Mr. Nelso J Chai. 53. He used to be and executive for Merrill Lynch.
Mr. Chai has prior IPO experience. He was there for the merger of the comapny Archipelago and the New York Stock Exchamge back in 2004.
Uber Stock ipo CONS:
Uber has been steadly losing money though, posting a loss of $891 Million in its second quarter report for 2018.
Some experts are projecting Uber’s ipo as a bubble. Looking at total Valuation of the company and Losses they keep taking, in forms of promotions.
Autonomus Transportation Technology still has to be worked on,after a self driving car struck and killed a woman in Arizon this year.
Uber has a 72 Bilion Market Cap,along with toyota motor(TM) investing $500 Million into the company.This will be used to do more research on self driving taxis. Robotaxis could generate trillions by 2050
Lyft Stock IPO Pros:
Lyft is set go public in March, April of 2019.
•They have hired Class V Group public advisor.They worked on Google’s 2004 IPO, ran by former banker, Lise buyer.
Lyft i set to trade publicly first between the two companies
•Lyft does not disclose its financial earnings like Uber, which i also stated in the video i felt was a good thing.
Airbnb Stock IPO Pros:
•Airbnb is sitting on $31 Billion Market Cap
•Set to trade publicly (June 30 – No later 2020)
•Raised $4.4B as private company.
•Airbnb CEO Brian Chesky gave employees a cash bonus.
•Grant stock (shares owned by the company which are sold at a cheaper price to employees, of that company, but the employee must keep employed for fixed time period)