2019: The Year Tech IPOs Defied Expectations

Of the 14 most prominent tech IPOs in 2019, only four newly minted stocks—Zoom Video, Pinterest, Fastly and Cloudflare—were above their first-day opens at the end of September.

Source: WSJ

On October 1, both Uber and Lyft’s stocks reached their lowest prices since they began trading earlier this year… Uber’s market cap is now at $49.6 billion and Lyft is at $11.6 billion, according to Yahoo Finance. The two companies were worth a maximum of $72 billion and $15.1 billion respectively according to private investors, before they went public.

Source: Crunchbase

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