Lyft is going public today. Here are all the tech startups that have taken steps toward going public in 2019 — and those rumored to be thinking about it.

Lyft cofounders Logan Green, left, and John Zimmer. Green is Lyft's CEO and Zimmer its president.

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Lyft cofounders Logan Green, left, and John Zimmer. Green is Lyft’s CEO and Zimmer its president.
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John Zimmer

  • This year was supposed to be the “year of unicorns,” but market volatility and the 35-day government shutdown have caused some companies looking to go public to slow or delay their filing processes.
  • Some companies, including dueling ride-hailing competitors Uber and Lyft, have been taking their first official steps toward IPOs despite an uncertain economic environment.
  • Here are all the tech startups that have taken steps toward going public in 2019, as well as companies that are rumored to be gearing up for an IPO later this year.

Although the market for tech IPO offerings is being called a “s—show” in 2019, it hasn’t stopped some startups from taking steps toward going public anyway.

But thanks to market volatility at the end of 2018, as well as the government shutdown in January that put public filings on hold, 2019 as a “banner year” has started out slow. The down market has left many highly anticipated tech IPOs to be delayed, and bankers are now anticipating an inundation of IPOs in the second quarter of 2019, beginning in March.

Through the first three months of 2019, there have been only a handful of tech startups that have taken official steps toward going public. Some of the most highly anticipated startups have made their first moves already: Uber and Lyft have been duking it out to be the first of the two multibillion-dollar ride-hailing platforms to go public, with Lyft winning the race. The company will go public on March 29 at a whopping $21 billion valuation.

Here are the tech startups that have taken steps toward going public, and those rumored to make their first moves in 2019:

(Valuations and funding raised courtesy of PitchBook.)


Beyond Meat

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Ethan Brown, founder and CEO of Beyond Meat.
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Courtesy of Beyond Meat

Company role: animal-free meat products

Year founded: 2009

Headquarters location: El Segundo, California

Valuation: $1.35 billion

Total funding raised: $192.8 million

Reported revenue: $56.4 million in first nine months of 2018 (MarketWatch)

IPO status: Beyond Meat filed to go public under the ticker BYND in November 2018. However, the company has yet to list because of delays tied to market volatility and the 35-day federal-government shutdown that continued through January.


Lyft

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Lyft cofounders John Zimmer, left, and Logan Green. Zimmer is president and Green is CEO.
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Stephen Lam/Reuters

Company role: ride-hailing app

Year founded: 2007

Headquarters location: San Francisco

Valuation: $15.1 billion

Total funding raised: $4.91 billion

Reported revenue: $2.16 billion in 2018, up 111% year-over-year

IPO status: Lyft is set to go public Friday. Lyft has priced its IPO at $72 a share, giving the company a valuation of about $21 billion. The ride-hailing company will list on the Nasdaq under the symbol LYFT.


PagerDuty

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Jennifer Tejada, CEO of PagerDuty.
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PagerDuty

Company role: IT incident-management platform

Year founded: 2009

Headquarters location: San Francisco

Valuation: $1.3 billion

Total funding raised: $173.7 million

Reported revenue: $100 million in “annual recurring revenue” as of September 2018 (Forbes)

IPO status: PagerDuty confidentially filed to go public with the SEC in January but has faced delays because of the government shutdown, Bloomberg reported.


Pinterest

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Ben Silbermann, CEO of Pinterest.
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Hollis Johnson/Business Insider

Company role: social content sharing platform

Year founded: 2008

Headquarters location: San Francisco

Valuation: $12.3 billion

Total funding raised: $1.47 billion

Reported revenue: Pinterest generated $755.9 million in revenue in 2018, up 60% from $472.9 million in 2017. However, the company is still losing money, and reported a net loss of $63 million last year.

IPO status: Pinterest officially filed a S-1 to go public in late March. The company will list on the New York Stock Exchange under the symbol “PINS,” and its IPO could take place as soon as April.


Postmates

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Bastian Lehmann, cofounder and CEO of Postmates.
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John Phillips / Getty

Company role: on-demand-food-delivery app

Year founded: 2011

Headquarters location: San Francisco

Valuation: $1.85 billion

Total funding raised: $680 million

Reported revenue: $250 million in 2017 (Recode)

IPO status: Postmates announced in early February that it had filed paperwork with the SEC to go public.


Slack

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Stewart Butterfield, cofounder and CEO of Slack.
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Slack

Company role: workplace messaging and communication platform

Year founded: 2009

Headquarters location: San Francisco

Valuation: $7.13 billion

Total funding raised: $1.22 billion

Reported revenue: $221 million in fiscal year 2017 (CNBC)

IPO status: Slack announced in early February that it had confidentially filed to go public with the SEC. Slack is planning to go public through a direct listing rather than an IPO, following in the footsteps of Spotify, The Wall Street Journal reported. Its public debut is expected for the second quarter in 2019.


Uber

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Dara Khosrowshahi, CEO of Uber.
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Getty

Company role: ride-hailing service

Year founded: 2009

Headquarters location: San Francisco

Valuation: $72 billion

Total funding raised: $19.94 billion

Reported revenue: $11.4 billion in net revenue in 2018 (Bloomberg)

IPO status: Uber reportedly confidentially filed to go public in December. It’s reported that the company has chosen the NYSE for its IPO, the rival to the Nasdaq stock exchange chosen by Lyft.

But in an interview with The Wall Street Journal in January, Uber CEO Dara Khosrowshahi said the company is in no rush to go public and will “do it when we’re ready.”


Zoom

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Eric Yuan, founder and CEO of Zoom.
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Zoom/Youtube

Company role: video-conferencing software

Year founded: 2011

Headquarters location: San Jose, California

Valuation: $1 billion

Total funding raised: $160.8 million

Reported revenue: The company is profitable, an anomaly for 2019’s IPO candidates. Zoom reported $7.5 million in profits in 2019 after a money-losing 2018.

IPO status: Zoom publicly filed its S-1 form for an IPO on March 22. The news confirms earlier reporting from Business Insider that the company is aiming to go public as soon as April. The S-1 shows that Zoom will list on the Nasdaq under the ticker symbol “ZM.”


While the above companies have all taken steps toward filing to go public, there are other tech startups that are anticipated to soon follow. Here are some of the startups rumored to go public in 2019:


Airbnb

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Brian Chesky, CEO of Airbnb.
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Mike Nudelman/Business Insider

Company role: short-term property-rental marketplace

Year founded: 2008

Valuation: $31 billion

Total funding raised: $4.4 billion

Source: Business Insider


Bumble

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Whitney Wolfe Herd, founder and CEO of Bumble.
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Cindy Ord/Getty Images for Girlboss Media

Company role: dating and networking app known for its feature where women make the first move to message matches

Year founded: 2014

Valuation: $1 billion

Total funding raised: Undisclosed

Source: The Wall Street Journal


Cloudflare

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Cloudflare cofounders Michelle Zatlyn and Matthew Prince. Prince is CEO and Zatlyn COO.
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Cloudflare

Company role: content-delivery network services provider

Year founded: 2010

Valuation: $1.8 billion

Total funding raised: $182 million

Source: Business Insider


CrowdStrike

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George Kurtz, cofounder and CEO of CrowdStrike.
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Crowdstrike

Company role: cloud-based cybersecurity platform

Year founded: 2011

Valuation: $3.35 billion

Total funding raised: $481.2 million

Source: Reuters


Grail

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Jennifer Cook, CEO of Grail.
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Grail

Company role: cancer-detection testing

Year founded: 2015

Valuation: $3.2 billion

Total funding raised: $1.61 billion

Source: Bloomberg


Health Catalyst

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Steve Barlow and Tom Burton, cofounders of Health Catalyst.
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Health Catalyst

Company role: healthcare-data platform

Year founded: 2008

Valuation: $1 billion

Total funding raised: $391.35 million

Source: Business Insider


Medallia

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Leslie Stretch, president and CEO of Medallia.
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YouTube/CallidusCloudVideos

Company role: enterprise customer-experience software

Year founded: 2001

Valuation: $1.25 billion

Total funding raised: $268 million

Source: Forbes


Palantir

Company role: data-analytics platform

Year founded: 2004

Valuation: $20.5 billion

Total funding raised: $2.75 billion

Source: Business Insider


Peloton

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John Foley, CEO of Peloton.
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Peloton

Company role: at-home fitness equipment and programming

Year founded: 2012

Valuation: $4.15 billion

Total funding raised: $994 million

Source: Business Insider


Robinhood

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Vlad Tenev, left, and Baiju Bhatt, cofounders and co-CEOs of Robinhood.
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Robinhood

Company role: stock-investment platform

Year founded: 2013

Valuation: $5.6 billion

Total funding raised: $538.9 million

Source: Business Insider


The We Company (WeWork)

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We Company cofounders Miguel McKelvey, left, and Adam Neumann.
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WeWork

Company role: coworking-space provider

Year founded: 2010

Valuation: $47 billion

Total funding raised: $8.39 billion

Source: CNBC