The 2019 IPO class will create a ton of new wealth. Will their billions go to mansions or missions?

Silicon Valley is used to minting millionaires. But this many? When tech’s highest-valued companies finally go public next year, they will unleash billions of liquid dollars into the market and make 2019 a year of incredible wealth creation.

And that’ll shape the world in which we live, even if you’re not making a single penny in a banner year of IPOs. An early employee might use some of the $20 million he makes to buy a new home and price you out of a neighborhood. Or a startup co-founder might set up a charitable foundation that makes a difference in your life.

Startup darlings like Uber, Pinterest and Slack are expected to headline the best IPO year in recent memory, allowing investors and rank-and-file employees to eventually sell their shares and turn stock into real money. The companies will likely together be worth more than $100 billion – and it’s got to go somewhere.

There’s a lot of focus on the Travis Kalanicks of the world, but much of the real wealth next year will be bestowed upon people who are decamillionaires but not centimillionaires – people with at least $10 million, but not $100 million, in stock.

That’s why the wealth advisory world is anticipating next year – and the non-wealthy should be, too. Because the decisions that the rich make in 2019 will shape the real estate, philanthropy and startup worlds for years to come.

The first to bend: The Bay Area housing market.

Read the full story at ReCode. 
Up Next

Dreaming big with God

Read Now
Editor's note: Stories appearing on NCF's website from third-party contributors are intended for informational purposes only, and we do not endorse or approve the content, services, products, or theological teachings they contain. Any questions or concerns may be directed to the original publisher of such third-party content.

Sign up for our
Saturday 7 email digest

Join close to 50,000 subscribers who receive our email digest of
the week's top stories from We call it Saturday 7.

Read our privacy policy