1. 2019’s Most Highly Anticipated
In 2019, we can expect to see the most US-based tech IPOs of this century. Candidates include: Uber, Lyft, Airbnb, and Slack Messenger. The last time we saw this many corporations go public was 2000, the leading IPO that year was AT&T’s wireless subsidiary. The tech industry has never been stronger than it is now. As a point of comparison, in 2018, global tech IPOs accounted for stock sales of an estimated $42B. Of course, these are all predictions and aren’t guaranteed, but investors are willing to bet during this opportune time, so should you?
(Source: Bloomberg)
2. E-Scooter Company Lime Expanding their Line?
Watch out Lyft and Uber, Lime is here to stay with their take on the car-sharing industry. Called “LimePods”, the San-Francisco-based company plans to debut their “free-floating” car sharing program before the end of this year. The concept is just as easy as the Lime bikes and scooters–users use the app to find an available car (Fiat), unlock it for $1, and pay a flat fee of $0.40 per minute. Seems like Car2Go and Zipcar have some competition.
(Source: The Hustle)
3. Brexit Tensions Continue
Brexit has thrown the government of the UK into yet another frenzy. Multiple UK officials announced their resignation this Thursday and the British Pound took a large hit as its value took a drastic plunge. Coincidentally, US stock prices rose quickly, finally improving after six consecutive days of share prices plunging. It should be noted that despite all of the uncertainty surrounding the UK and Brexit, the US has been a key stable player in the mix, as communicated from the Central Bank. But what does this mean for us? While the UK’s economy is down right now, the market is looking bull-ish. Our advice: “keep calm and carry on.”
(Source: Bloomberg)
