There’s talk that a special purpose acquisition company wants to buy Postmates with the goal of taking it public. Nasdaq
But the firm's revenue growth and valuation have some investors overlooking some major flaws. Postmates has not yet determined the size or price range of its offering, but investors will get more information as its IPO approaches. The popularity of the service could be profitable to shareholders. He regularly writes about initial public offerings, technology, and more.
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This would have the company trading its shares on the Nasdaq using the stock ticker “MATE.”. At the same time, the company is considering acquisition offers. This was a big deal since it directly challenged companies like Amazon.com Inc. (NASDAQ: AMZN) in a niche way. There's certainly a chance it could offer enough value that it would be worth a speculative investment. The company has a value of $1.5 billion and filed with the U.S. Securities and Exchange Commission to. Through Postmates' online app, folks can have everything from gift cards, shoes, food, and even tech products delivered to their doorstep from local stores. Let's take a look at what exactly Postmates is, how it got its $2.4 billion valuation, and whether it's worth a buy at its IPO date.
In April of this year, during the height of the Covid-19 downturn, the company, Snowflake, a cloud-based data-warehousing start-up that was founded in 2012 in San Mateo, California, quietly filed papers to go public in June of this year.
Postmates IPO: 13 Things for Potential Investors to Know Postmates could file for the IPO next week By William White , InvestorPlace Writer Jul 2, 2020, 3:35 pm EDT July 2, 2020 We'll even show you how emerging firms like Postmates are benefitting another industry. Your email address will not be published. Personal Finance CMG. Postmates IPO: What Investors Need to Know … Your email address will not be published. Professional basketball player Kevin Durant put a little under $1 million into Postmates. In 2019, the company hired Dave Stephenson, a 17-year veteran of Amazon (NASDAQ:AMZN), to be its CFO and lead Airbnb to the public markets. He earned a Bachelor's degree from Towson University. Now, Postmates has become one of the most popular delivery apps, with a huge valuation of $2.4 billion.
Connect with friends faster than ever with the new Facebook app. All rights reserved. Required fields are marked *, Sign me up for the Money Morning newsletter. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. After that, the firm only released its revenue in its 2018 financials. But if you're interested in the Postmates IPO, you'll want to know every detail of the company before putting your hard-earned money behind it. Postmates, folks will pay a delivery fee between $0.99 and $3.99.
It’s worth pointing out that Postmates was considering an IPO late last year, but decided against it due to market conditions. Learn how to spot IPOs that can actually make you money – and leave the flops to the masses – by asking five simple questions. Look for Airbnb to go public in the third or fourth quarter. It also acquired last-minute booking website HotelTonight and short-term meeting space rental platform Gaest.com. Postmates also joins peers Uber and Lyft in entering the market as the two ride-hailing companies made confidential IPO filings late last year with plans for a 2019 debut. Save my name, email, and website in this browser for the next time I comment. This suggests the company is still not close to profitability, especially because CEO Bastian Lehmann cited market choppiness as a big reason for the delay. It's also expanded to 3,500 cities across all 50 U.S. states. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. If a business is a partner with. Postmates Revives IPO Plans Amid Takeover Interest By Reuters , Wire Service Content June 29, 2020 By Reuters , Wire Service Content June 29, 2020, at 7:18 p.m. When Postmates first launched, it upset the traditional delivery industry by enabling local small businesses to deliver their products to local customers. All of this could ramp up Uber’s efforts to acquire the company and bolster its own food-delivery service.
Postmates IPO: 13 Things for Potential Investors to Know, 5 Keys to Find Small Stocks With 10X Potential, The Slide in Netflix Stock Is a Great Investment Opportunity, Louis Navellier and the InvestorPlace Research Staff, Trump vs. Biden: Stocks to Buy No Matter Who Wins the White House, 7 Monster Growth Stocks With Double-Digit Upside, 7 Dividend Stocks To Buy For Big Returns In Your Bank Account, Plug Workhorse Stock into Your Trading Portfolio Because It Is Electric, DiamondPeak Stock Is Revving Up Ahead of Its Lordstown Merger, Why Nio Stock Could Head to Over $40 Next. Rumors claim that JPMorgan Chase and Bank of America will be leading the IPO for the company.
Once the firm goes public, it could soar even higher. Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. In 2017, Postmates posted a loss of $75 million. Celebrities have also taken an interest in Postmates. To date, the company, which is named after its co-founders love of winter sports, has raised more than $1.4 billion in venture capital with a current, Last on my list of upcoming IPOs is Asana, a web and mobile app that helps teams organize their work. Article printed from InvestorPlace Media, https://investorplace.com/2020/07/postmates-ipo-things-to-know/. Postmates is also competing in a highly saturated market against companies like DoorDash and UberEats. Data is currently not available. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The food delivery service is allegedly looking to file its IPO as early as next week. Postmates also reported that it now works with 500,000 restaurants as well as major companies like Apple Inc. (NASDAQ: AAPL) and Walmart Inc. (NYSE: WMT). Now, Postmates has delayed its IPO indefinitely after several other big public offerings from unprofitable firms like WeWork completely fell through. That kind of growth has investors excited. Copyright © Click here to jump to comments…. It makes over 5 million deliveries per month. Protected by copyright of the United States and international treaties. if (location.search.indexOf("continueReading=1") >= 0) { jQuery(window).load(function() { jQuery(window).scrollTop(jQuery("#continueReading").offset().top - 35); });}, Join the conversation. Comment on This Story Click here to cancel reply. A source close to the company said that customers spend about $3,000 a year on deliveries from the app as well. 1125 N. Charles St, Baltimore, MD 21201. Choose from the topics below to receive our money-making recommendations in real time. Postmates may have transformed retail delivery, but that doesn't mean you should buy Postmates stock once it goes public. Or to contact Money Morning Customer Service, click here. And Airbnb has been laying the groundwork for its IPO for more than a year. Even though these two aren't profitable either, it still has to go against the $886 billion juggernaut that is Amazon. By Daniel Smoot, Associate Editor, Money Morning • November 8, 2019. The on-demand delivery firm has raised a little over $681 million from companies like Blackrock Inc. (NYSE: BLK), Spark Capital, Tiger Global, Harmony Partners, Founders Fund, and GPI Capital.
Postmates is reportedly planning for an initial public offering (IPO) that could take place incredibly soon. With an estimated value of more than $30 billion, Airbnb's IPO would be a blockbuster.
Airbnb, the online marketplace for short-term rentals and experiences, is looking to go public.
Perhaps it will get a break, and investors won't hold it responsible for its results in the year's first half. Between Postmates' 2017 losses, its delayed IPO, lack of financial information, and the series of poor IPOs we've seen recently, it's hard to get excited about Postmates stock right now. Like us on Facebook to see similar stories, University of Utah settles with family of murdered student Lauren McCluskey and renames its violence prevention center in her honor, Workers who lost jobs because of COVID-19 find new careers in these fields. The company could be valued at $1.85 billion. © Source: Daniel J. Macy / Shutterstock.com, © Source: Tero Vesalainen / Shutterstock.com, Incredible Blanket Puts Humans In A Deep Sleep, Melting Stress Away, 7 Dividend Stocks to Buy for Beginners to Income Investing, re-branding itself as "Rocket Companies,", raised $200 million by issuing convertible debt, 10 SPAC IPO Stocks to Buy as They Grow in Popularity, Why Everyone Is Investing in 5G All WRONG, Top Stock Picker Reveals His Next 1,000% Winner, Look What America’s Richest Family Is Investing in Now. And with many investors anticipating its IPO, its valuation could grow even more once the firm goes public. Get our free IPO guide.
Postmates’ IPO could pay off well for investors. That could also change depending on the Postmates' IPO price once it gets closer to an IPO date. That's translated into a huge boost in revenue. However, that may not be enough to acquire the company with estimates valuing it at $3.9 billion. Postmates' revenue was $400 million in 2018, up 60% from 2017's $250 million. Data is currently not available. What’s still unknown at this point is the price of shares in the IPO and how many shares will be up for grabs.
But it's not just any kind of delivery service – it started the United States' movement for deliveries from small businesses. These acquisitions helped secure the company's dominance in the home sharing space. These investments helped propel Postmates' valuation to $2.4 billion. As of this writing, William White did not hold a position in any of the aforementioned securities. 1125 N. Charles St, Baltimore, MD 21201. And it's a trend that could make you a lot of money too.
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