Tags: Schaefer | IPO | Uber | 2015

Forbes' Schaefer: Uber Could Lead a Big Parade of 2015 IPOs

By    |   Tuesday, 23 December 2014 01:46 PM

Ride-sharing juggernaut Uber might lead a parade of high-profile IPOs in 2015, according to a look-ahead at likely stock debuts by Forbes writer Steve Schaefer.

Investors could become more discerning on which fledgling issues to back during the new year, but the sheer numbers of companies on the tarmac waiting for takeoff is expected to be robust.

In addition to Uber, other brand-name IPO candidates include tech-related firms Pinterest and Shapchat.

"We've never been busier," Neil Dhar, who runs the capital markets business at PwC, told Schaefer. "I'm bullish about momentum. The good news is because there's so much competition it's a bit of survival of the fittest."

Schaefer suggested Uber could be the big defining IPO deal for 2015, just as Facebook was in 2012 and Alibaba was in 2014.

"Uber may go public in 2015, but it won't be because it needs the money," he wrote. The on-demand car company raised $1.8 billion in private investments, at a $40 billion valuation, in early December.

Research firm Renaissance Capital said there were 273 U.S. IPOs through Dec. 17 of this year, with $85 billion in proceeds — a 55 percent jump from 2013. However, returns from IPOs declined to "only" 16 percent from 41 percent in 2013, while still outdistancing the S&P 500's estimated return of about 9 percent, according to Schaefer.

Paul Bard, director of research at Rennaissance, suggested two financial names — peer-to-peer lender Prosper and student loan specialist SoFi — could be among the 2015 IPOs.

Said Schaefer: "GoPro showed a real appetite for name-brand consumer devices, more than doubling after its June IPO, and the forthcoming Apple Watch may go a long way toward finally bringing wearables to the fore in the way techies have been predicting for years."

Among wearable makers, he said Fitbit and Jawbone could be among 2015 IPO candidates.

Other IPO possibilities for next year include cloud-storage play Box and restaurant name Shake Shack, according to Schaefer, as well as some aspirants who didn't quite make it out the door in 2014, like online marketing software firm Yodle and domain name seller GoDaddy.

The Motley Fool predicted luxury fashion retailer Tory Burch is another high-profile potential IPO to watch for in 2015.

Blackberry Stocks said other possible candidates looking to come public next year include more tech names such as Etsy, Dropbox, Foursquare and Hulu.

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Ride-sharing juggernaut Uber might lead a parade of high-profile IPOs in 2015, according to a look-ahead at likely stock debuts by Forbes writer Steve Schaefer.
Schaefer, IPO, Uber, 2015
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2014-46-23
Tuesday, 23 December 2014 01:46 PM
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