As the government shutdown is taken off the table, at least temporarily, blockbuster IPO filings for 2019 are back under the microscope.
Duncan Davidson, General Partner at Bullpen Capital, told TheStreet he is looking forward to numerous IPOs, specifically Airbnb, Slack, Lyft, and Uber.
On the two ride-sharing companies, Davidson noted that he much prefers Lyft to Uber.
"I am afraid that Uber goes out and it's not a high value and won't do that well in the IPO in terms of popping. Lyft on the other hand has got a much cleaner cap table and I think it's undervalued," he explained. "I'm long Lyft and short uber to use market parlance. Lyft to me is the more important offering."
Still, Davidson was wary of the temporary nature of the government shutdown, as it adds uncertainty to the IPO timeline and could significantly delay the expected offerings.
"The shutdown did not really affect the schedule too much," Davidson said. "What I'm worried about now is that if we do a second shutdown, that would really screw up the IPOs."
To hear Davidson's full comments on the IPO expectations, check out the video above.