2018 IPO Prospects: Lyft Appears to be Changing Gears to List

According to a Goldman Sachs report, the global ride-hailing market is expected to grow from $36 billion in 2017 to $285 billion by 2030. The average number of ride-hailing trips a day globally are expected to grow from 15 million in 2017 to 97 million by 2030. The ride-hailing companies are expected to charge an average 23% commission on the gross sales, translating to net revenues of $65 billion by 2030 for the industry. While Uber continues to remain the market leader in the industry, its recent troubles have helped drive usage for competitors, such as Lyft, to higher levels. Lyft may even beat Uber to an IPO listing this year.

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Billion Dollar Unicorns: Competition Heats up for Slack

According to a MarketsandMarkets report, the enterprise collaboration market is expected to grow from $26.68 billion in 2016 to $49.51 billion by 2021 at a CAGR of 13.2% driven by widespread usage of social media and mobile devices. Billion Dollar Unicorn Slack is a leading player in the market that has recently raised funding from the Softbank Vision Fund. >>>

Billion Dollar Unicorns: CarGurus Bootstraps its Way to an IPO

It is hard to find a company these days that has stayed away from venture funding. Used car marketplace CarGurus is one such rarity. It recently went public on the NASDAQ under the ticker CARG. >>>

Billion Dollar Unicorns: Roku Streams a Successful IPO, for Now

According to a an eMarketer report published earlier this year, nearly 38.9 million viewers in the US would have streamed a video program at least once a month this year using Roku. The number of users for Roku are estimated to have grown 19% over the year this year. Alphabet’s Chromecast and Amazon’s Fire TV are close competitors with Chromecast expected at 36.9 million users and Amazon at 35.8 million users. Recently, Roku (Nasdaq: ROKU), a Billion Dollar Unicorn club member, went public. It has had a good run so far.

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Billion Dollar Unicorns: Razer IPO – Yet Another Story of a Non-Profit Stock

According to a Newzoo report, the global gaming market grew 7.8% to $108.9 billion in 2017 driven by a 19% growth in gaming on mobile devices. Recently, San Diego-based gaming company Razer, a proud member of the Billion Dollar Unicorn club, went public on the Hong Kong Stock exchange.

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For Adobe, Cloud Gains have Just Begun

If there is one stock that has managed to figure out how to transform itself to adapt to the cloud business, it is Adobe (Nasdaq: ADBE). Since Adobe began transitioning its offerings onto a SaaS model, the stock’s performance has steadily climbed. It has climbed nearly 80% since a year ago, and analysts believe that there is more to come.

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AI Player Veritone Lists Despite Weak Financials

According to a MarketsandMarkets report, the global artificial intelligence (AI) market will be worth $16.06 billion by the year 2022. The researcher estimates the industry to grow at a phenomenal rate of 62.9% annually over the period 2016 to 2022. Earlier this year, AI-driven media services provider Veritone (Nasdaq: VERI) went public. It had a rather lackluster start to the listing, but the stock has done fairly well thereafter.

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Tintri’s IPO Fails to Spark Interest

According to a Research and Markets report, the global cloud storage market is expected to grow from $25.171 billion in 2017 to $92.488 billion by the year 2022, at an annualized growth rate of 29.7%. The growth is expected to be driven by the increasing adoption within the BFSI, healthcare, and media and entertainment verticals. But despite the high growth in the industry, recently listed Tintri (NASDAQ: TNTR) is failing to generate interest in itself.

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