Companies That Had Their IPOs in 2019

The year 2019 marked another dynamic chapter for IPO activity, with 232 companies going public and generating gross proceeds totaling $28.9 billion. 2019 had some of the most high-profile public offerings in a while, although several of them, including Uber, Lyft, and SmileDirectClub, underperformed. Despite the year’s decline in IPO volume and the underperformance of some highly anticipated companies, U.S. IPOs raised more money in 2019 than the year before. The year also stood out for some of the most talked-about tech unicorns, or start-ups valued at $1 billion or more. Companies across sectors like technology, healthcare, and consumer goods attracted strong investor interest.

The Biggest IPOs of 2019 Included:

- Uber Technologies, Inc. (UBER) - $8.1 billion
- Avantor, Inc. (AVTR) - $3.3 billion
- Lyft, Inc. (LYFT) - $2.5 billion
- XP, Inc. (XP) - $2.2 billion
- Pinterest, Inc. (PINS) - $1.6 billion
- SmileDirectClub (SDCCQ) - $1.3 billion
- Peloton Interactive, Inc. (PTON) - $1.16 billion
- Chewy, Inc. (CHWY) - $1.1 billion
- Zoom Video Communications, Inc. (ZM) - $864 million
- Beyond Meat, Inc. (BYND) - $241 million

The Biggest U.S. VC-Backed IPOs of 2019 Included:

Uber Technologies, Inc. (UBER) - $8.1 billion
Lyft, Inc. (LYFT) - $2.5 billion
Pinterest, Inc. (PINS) - $1.6 billion
Zoom Video Communications, Inc. (ZM) - $864 million

2019 IPO Notables

Uber Technologies’ IPO was the largest of the year, drawing significant attention despite mixed post-IPO performance.

Pinterest’s IPO highlighted the ongoing appeal of social media platforms—even those that aren’t used by billions of people.

Beyond Meat made waves as one of the most successful and unique IPOs of the year, with its stock price soaring post-debut, reflecting the growing interest in plant-based foods.

Zoom Video Communications became a standout performer, as its IPO price quickly surged, marking it as a strong early success and demonstrating the demand for cloud-based communication tools even before the COVID-19 pandemic increased their use.

Top IPOs by Capital Raised in 2019

Among the companies that raised the most capital, several have continued to drive innovation and deliver value to investors:

Uber Technologies, Inc.
Lyft, Inc.
Pinterest, Inc.
Avantor, Inc.
XP, Inc.

Conclusion

Although the volume of IPOs was less in 2019 than in years before, the range of innovative and high-growth companies that did go public in 2019 drove a profit increase. From technology disruptors to unique consumer brands, the year delivered a range of investment options with the potential for long-term returns.

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