“On Demand Anything” Platform Postmates Has Filed for an IPO

Last week, three healthcare companies went public, raising $527.4 million in funding. Gossamer Bio (NAS: GOSS), Harpoon Therapeutics (NAS: HARP) and Alector (NAS: ALEC) all went public on the Nasdaq exchange and raised $276 million, $75.6 million and $175.8 million, respectively.

​Last week, Postmates, the food delivery platform headquartered in San Francisco, said it filed confidentially to go public. The company, last valued at $1.2 billion, competes directly with Uber Eats and Grubhub, established players in the mobile food delivery space. A unique proposition of Postmates is its willingness to deliver not just food, but anything from local restaurants and stores. Its current partners include Walmart for grocery delivery and Ford for self-driving cars.