Postmates has quietly revived its plans to go public amid a surge of food delivery deals during the pandemic

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• Food delivery company Postmates has quietly revived plans for an initial public offering, people familiar with the matter told Reuters on Monday.
• Postmates confidentially filed its IPO plans with the SEC in February 2019, but didn't proceed with a stock market debut at that point.
• But recent deals in the industry, including Grubhub's planned merger with European delivery giant Just Eat Takeaway, convinced Postmates to move ahead with a public offering.
• The sources said Postmates could make its IPO registration public as early as July.
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Postmates has revived plans for an initial public offering following a string of dealmaking in the US online food delivery service sector, people familiar with the matter said on Monday.

Postmates registered its IPO confidentially with the US Securities and Exchange Commission in February 2019, but did not proceed with a stock market debut. Just Eat Takeaway.com's $7.3 billion deal to acquire Grubhub earlier this month, as well as recent fundraisings by peers, convinced it that the time had come to press ahead, the sources said.

See the rest of the story at Business Insider

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• Lemonade's IPO plan will destroy one quarter of its $2 billion valuation. But analysts think the latest SoftBank startup could avoid WeWork's fate.
• Softbank-backed Lemonade wants to raise up to $286 million in an IPO — valuing the 'insurtech' firm at about 25% less than its latest funding round

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