Will the Postmates IPO Deliver A Profit?

By Peter Bosworth $225 million and $2.4 billion.
Those two numbers are dominating headlines ahead of the Postmates IPO. The private food delivery company just raised $225 million from the private equity firm GPI Capital. This recent round of funding came at the eleventh hour and pushed Postmates’ valuation to $2.4 billion.
After confidentially filing to go public in February, Postmates is being patient with its public offering. The feeling now, however, is that a Postmates IPO is just around the corner.
What is Postmates?
For those unfamiliar, Postmates is a goods and food delivery service. All you have to do is open the app on …read more

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