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Home Business & Finance As Uber hunts for a deal, can Postmates leverage an IPO? –...

As Uber hunts for a deal, can Postmates leverage an IPO? – TechCrunch

Document Analysis NLP IA

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positive
sentiment

Sentiment0.1578869047619
objective
redaction

Subjectivity0.46024404761905
probably it's an affirmation
Affirmation0.34701492537313

Highlights

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FREQ, RAKE or TFIDF
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Key Concepts (and relevance score)

Summary (IA Generated)

It’s been a busy last 24 hours or so for on-demand delivery company Postmates.

For Postmates, a company caught somewhere between DoorDash’s cash-fueled rise and Uber’s ability to lose hundreds of millions on its Uber Eats delivery service every quarter, multiples options are likely welcome.

Postmates first filed to go public in early 2019, but its IPO failed to materialize.

The company was also reported to be pursuing a sale in 2019 after it had filed to go public.

It’s a commonly known fact that the public markets have favored technology companies this year, especially software companies.

For Postmates, it’s a slightly different equation, as its margins won’t match those of software companies, nor will its revenue recur in a similar fashion.

But, there are IPOs from this year that we can point to featuring companies that also do not feature strong margins or recurring revenue that did great.

So, there is an IPO path for venture-backed startups and unicorns to go public even if they are not software entities.