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This startup uses data to forecast which companies are ready to go public - here are its 16 predictions for 2019
This startup uses data to forecast which companies are ready to go public - here are its 16 predictions for 2019
Becky PetersonNov 15, 2018, 20:30 IST
EquityZen
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It's not always clear which companies are preparing to go public. From raising venture capital, to confidential filings and mandated silent periods, it can take years of planning before a company lets it slip that it has its eye on a big exit event.
EquityZen is a secondary markets platform that lets startup employees sell their equity to institutional investors before a company goes public.
Around 125 companies currently work with EquityZen, according to CEO Atish Davda. The means the startup has a strong grasp on which startups are in demand with big investors, and which private companies are commanding the biggest premiums for their shares.
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"When we take a look at how the private market is treating a company ahead of a potential exit, it's generally a reasonable indicator of what kind of demand there might be on the public market," Davda told Business Insider.
To create its predictions, Davda said, EquityZen looked at which companies spoke publicly about big exits, which ones recently hired a chief financial officer, and who had been in the news a lot lately. But the team also looked at one piece of data that's not generally available: how much investor interest there is in buying a slice of the company.
"For us, it isn't truly validated until we're seen an increase in demand," he said. "Not only is that a signal that a planned exit is imminent, but it also helps us understand how an IPO might fare in the public markets."
Afiniti, a startup that uses AI to match customers with customer service agents, announced an $130 million funding round in October. That round valued the startup at $1.6 billion.
Airbnb
Airbnb is a poster child for highly valued, venture backed startups. With a valuation of nearly $30 billion, the 10-year-old startup has faced some anxiety and frustration from its employees who want liquidity — so much so that Airbnb came right out and promised its staff it would go public between June 2019 and late 2020.
AvidXchange
A $300 million Series F round of funding in June 2017 valued AvidXchange at $1.4 billion.
CloudFlare
Cloudflare was last valued at $1.8 billion in a 2015 funding round. In October, Reuters reported that the startup is preparing for an IPO which could value the company around $3.5 billion.
CrowdStrike
CrowdStrike has hired Goldman Sachs to lead an IPO in early 2019, according to Reuters, and it's aiming for a $3 billion valuation.
DoorDash
DoorDash was valued at $1.4 billion in a $535 million funding round in March. Then in August it nearly tripled its valuation to $4 billion after getting another $250 million in a Series E.
Grail
Grail, a biotech company which aims to detect cancer early, was last valued over $3 billion in a $300 million Series C in May. In February 2018, Bloomberg reported that Grail plans to go public in Hong Kong.
Lyft
Lyft has hired JP Morgan to lead a potential $15 billion IPO, CNBC reported in October. The ride hailing platform raised $600 million at a $151 billion valuation in June.
Medallia
Founded in 2001, Medallia is one of the oldest unicorn companies that could go public in 2019. The enterprise customer experience management platform is backed by Sequoia Capital. Its last funding round, a $150 million Series E in 2015, valued the company at around $1.25 billion.
Peloton Interactive, the tech-powered indoor bicycle exercise machine company, was last valued at $4.15 billion in an August venture capital round.
Postmates
The food delivery platform Postmates was last valued at $1 billion in a September Series E.
Rubicon Global
Rubicon Global is a sustainable waste and recycling startup, described by some as the "Uber of Trash." The startup was last valued at $1 billion in a May funding round.
Slack
Slack, a workplace productivity platform that lets teams collaborate on a single messaging platform, was last valued at $7.1 billion in a $427 million Series H in August. The company is preparing to go public in the first half of 2019.
Uber
Uber, the ride hailing service whose culture became notorious last summer, could go public with a whopping $120 billion valuation, according to the Wall Street Journal.
WalkMe
WalkMe, a software company that helps users navigate through web-based services, was valued at $1 billion in a $40 million funding round in September.
