Companies That Had Their IPO In 2019
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Summary:
In 2019, several big-name companies went public and made history. Uber, which provides ride-hailing and food delivery services through its platform, raised $8.1 billion through an initial public offering (IPO). Pinterest, a social media platform that allows users to discover and save ideas, raised $1.4 billion. Beyond Meat, which produces plant-based meat alternatives, raised $241 million. An IPO is the initial sale of a private company’s stock to the public, allowing the company to raise capital by issuing shares.
Initial public offerings (IPOs) are a big deal for the companies that manage to reach such a stage. IPOs are a major step for a company to be able to access funding, helping them to grow their business to the next level.
Every year there are a number of exciting companies that go public with their company shares. Here we’ll explore the most notable IPOs of 2019
Notable IPOs of 2019
Uber Technologies
Uber had its IPO on May 10, 2019. The company priced 180 million shares at $45 per share and closed at $41.57. Uber raised $8.1 billion from the IPO.
Uber is a technology company that provides ride-hailing and food delivery services through its platform. The company connects riders with drivers through its app and also offers a variety of other transportation services.
Groupon
Groupon went public on March 29, 2019. They offered 32.5 million shares at a cost of $72 per share. The stock closed at $78.29 per share. Which helped raise the company $2.34 billion.
Groupon is an American e-commerce company that offers discounts and coupons for a variety of products and services, including travel, beauty and spa treatments, and food and drink. The company partners with local businesses and offers them a platform to advertise their products and services, often at a discounted rate, to Groupon’s large user base.
Pinterest had an IPO on April 18, 2019. They priced 75 million shares at $19 per share, which closed at $24.40. Pinterest would raise $1.4 billion from the IPO.
Pinterest is a social media platform that allows users to discover and save ideas for various topics, including recipes, home decor, and fashion. The platform also provides advertising services to businesses.
Zoom Video Communications
Zoom had its IPO on April 18, 2019. The company priced 20.9 million shares at $36 per share, which closed at $62. The company’s IPO day would raise $751 million for the business.
Zoom is a video conferencing company that provides remote communication services through its platform. The company’s services include video conferencing, web conferencing, and virtual meeting rooms.
PagerDuty
PagerDuty had an IPO on April 11, 2019. They priced 9.07 million shares at $24 per share. The company’s IPO day would close with the stock at $38.25. PagerDuty raised $218 million from the IPO.
PagerDuty is a cloud computing company that provides a platform for incident management and real-time operations. The company’s platform allows businesses to quickly detect and resolve issues and provides integrations with a variety of other software tools.
Beyond Meat
Beyond Meat went public on May 2, 2019. They offered 9.63 million shares at a cost of $25 per share. The stock jumped on IPO day and closed at $65.75 per share. Which helped raise the company $241 million.
Beyond Meat is a food company that produces plant-based meat alternatives. The company’s products include burgers, sausages, and ground beef, and are sold in a variety of retail and restaurant locations.
Slack Technologies
Slack debuted its stock shares on June 20, 2019. Offering 118.4 million shares at a price of $26 per share. The company made a big impact on IPO day and closed well above the opening price at $38.62 per share. Slack raised about $3.4 billion from the IPO.
Slack is a software company that provides a cloud-based collaboration platform that enables teams to communicate, share files, and work together on projects. The Slack platform offers a range of features, including messaging, voice and video calling, file sharing, and integration with other popular business software tools such as Salesforce, Google Drive, and Trello.
What is an IPO?
An IPO is the initial sale of a private company’s stock to the public, enabling the company to raise capital by issuing shares. It allows investors to buy ownership in the company. The IPO process usually involves investment banks underwriting the offering and assisting in the sale of the shares. IPOs are important for companies as they offer access to capital for growth, allow early investors to sell their shares, and provide a return on their investment.
Benefits and disadvantages of an IPO
Making an IPO is very big for any company, giving them the chance to grow, build their wealth, and boost their public profile. It also adds a certain level of credibility to the company name. However, there are also some serious disadvantages to consider.
On the plus side, going public can bring a level of credibility and prestige to a company’s name. By being listed on a major stock exchange, it can help attract new investors, customers, and business partners, as well as provide a way to raise more capital for expansion and innovation.
A major downside of IPOs is the cost and complexity of the IPO process itself, which can be both time-consuming and expensive. Public companies also face greater monitoring and regulation, as they are required to disclose financial information and meet reporting requirements to shareholders and regulatory bodies. Also, public companies may experience pressure from shareholders to prioritize short-term profits over long-term growth and innovation.
What is the largest IPO in history?
The largest IPO (initial public offering) in history was the IPO of Saudi Arabian oil company, Saudi Aramco, which was launched in December 2019. The company raised $29.4 billion by selling 1.5% of its shares on the Saudi stock exchange, the Tadawul. The IPO surpassed the previous record held by Chinese e-commerce giant Alibaba, which raised $25 billion in its IPO in 2014.
What happened to the stock market in 2019?
2019 was a strong year for the US stock market. The S&P 500 index, which tracks the performance of the 500 largest publicly traded companies in the US, had a total return of 31.5%. The highest gain since 2013. The Dow Jones Industrial Average, a closely watched benchmark for the US stock market, also posted gains of 22.3% over the course of the year. These gains were largely driven by a strong economy, low unemployment, and favorable interest rates.
How many companies had their IPO in 2019?
There were 232 initial public offerings (IPOs) in the United States in 2019.
Key takeaways
- IPOs (Initial Public Offerings) allow companies to raise capital by issuing shares to the public, and are a major step in accessing funding to grow the business.
- Some of the most notable IPOs of 2019 included Uber, Groupon, Pinterest, Zoom Video Communications, PagerDuty, Beyond Meat, and Slack Technologies.
- Going public through an IPO has benefits such as attracting new investors and customers, and raising more capital for expansion and innovation, but also has disadvantages including the cost and complexity of the IPO process and greater monitoring and regulation.
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Allan Du is a personal finance writer passionate about helping people take control of their finances. Allan strives to present readers with the right knowledge and tools, so they can make informed decisions about their money and build wealth. When he is not writing about finance, Allan enjoys pursuing his other interests, including powerlifting, kickboxing, and investing. He is an active follower of economic and political trends, always keeping watch on the latest developments that could impact the financial world.
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