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2019 IPO calendar: Four offerings expected this year

By Connor Freitas

4 firms that could appear on the IPO calendar in the coming months, along with the upsides and downsides to their mooted flotations

It has been a blockbuster year for initial public offerings, with highs and lows along the way. The jeans maker Levi Strauss returned to the stock market after more than 30 years – raising a whopping $623 million – while ride-sharing app Lyft has disappointed traders after shares dwindled from their original price of $72 a share.

Many big names have made their stock market debut – and there are still a few upcoming IPOs in 2019 that investors are getting excited about. Here are four firms that could appear on the IPO calendar in the coming months, along with the upsides and downsides to their mooted flotations.

1. Airbnb

Like Uber and Lyft, Airbnb is a darling of the sharing economy, allowing travelers to connect with people letting out spare rooms in their homes. From humble beginnings, there are now six million listings across 100,000 cities in 191 countries. Airbnb is worth an estimated $38 billion – almost as such as Expedia and Hilton combined. During a Business Insider interview in March, co-founder Nathan Blecharczyk hinted an Airbnb IPO was being prepared for 2019, but cautioned that this could be delayed if the timing isn’t right.

Upside: According to CNBC, Airbnb is already profitable, unlike Uber

Downside: Cities including Los Angeles and New York are cracking down on Airbnb amid fears it is driving up house prices and putting hotels out of business

2. Aramco

An Aramco IPO has been in the pipeline for some time, but the Saudi oil giant’s plans have suffered extensive delays since first being announced in 2016. Crown prince Mohammed bin Salman has been pushing for a whopping $2 trillion valuation, but critics have claimed the company’s accounts don’t justify such an exorbitant figure. One of the main sticking points has been agreeing which exchange Aramco would launch on – with London and New York among those in the running.

Upside: Aramco has the potential to be the world’s biggest IPO

Downside: Attitudes towards Saudi investments have soured since the murder of journalist Jamal Khashoggi

3. Peloton

The cutting-edge fitness company announced it had filed for an initial public offering back in June but said the number of shares on offer – and their price range – are yet to be determined. According to Bloomberg, a Peloton IPO could result in a valuation in excess of $8 billion. Since launching in 2012, the company has focused on selling high-end bikes and treadmills and charging a monthly subscription for virtual fitness classes.

Upside: Peloton is set to make more than $700 million in revenue this year

Downside: Its expensive machinery could put off consumers and affect demand

4. Casper

Investors have been dreaming about a potential Casper IPO. The American mattress company has already attracted investment from the likes of 50 Cent and Leonardo DiCaprio. It emerged in March that the company has hired underwriters to explore an initial public offering. Despite enjoying growing demand and changing the way mattresses are purchased, a lack of profitability and clear financials could turn its planned stock market debut into a nightmare.

Upside: Casper has captured the imagination of millennials, with A-list endorsements from the likes of Kylie Jenner crashing its website

Downside:

There’s a lot of competition in the “bed in a box” industry – and some brick-and-mortar mattress specialists are going under

Tokenised securities are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how tokenised securities and leverage work and whether you can afford to take the high risk of losing your money. Nothing in the above article should be regarded as a recommendation to trade generally, to trade on a particular platform or to trade in a particular asset. Asset prices can go down as well as up and past performance is not a guide to future performance. Investors and traders should thoroughly research an asset or strategy before making any trading or investment decision and if necessary seek professional advice.

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