The 2020 IPO pipeline is about to burst open - despite a bunch of downers from 2019. One Medical ($ONEMEDICAL) made its market debut Friday January 31, after pricing at the lower end of its' range. Still, IPOs - and startups - are back with investors. 

And, it's on a tear: One Medical job postings are up more than 85% over the last 12 months, according to alternative data.  

One Medical's job postings chart paints a far more optimistic picture of its outlook than 2019 market debuts from Lyft, Uber, or WeWork. Each of those startups was forced to reduce headcount, or job openings, or both as they were forced to recalibrate growth plans as market expectations began to take priority over mounting quarterly losses. 

One Medical runs in nine cities but plans to expand to other markets, according to its S-1. And, as that happens, both of the charts above should signal growth. Because so many younger consumers of healthcare don't have (or, choose not to have) a primary care physician, One Medical's addressable market is big - and growing. Even in spite of LinkedIn ($NASDAQ:MSFT) Headcount falling a bit at the end of 2019 - not due to layoffs, but to what appeared to be a system-wide elimination of duplicate accounts and bots - but One Medical staffing figures still reflect YoY growth of nearly 25%. 

2020's IPO pipeline is loading up with startups and disruptive concepts galore; there's Topgolf ($TOPGOLF), which successfully melded together the concepts of a driving range, and a bar, and video games, all into one appetizing offering. Consumer staple Reynolds ($PRIVATE:REYNOLDSGROUPHOLDINGS) will likely wrap up an offering in the months ahead; and for those still bent on buying into the next big disruptor, sleep startup Casper's ($SLEEPCASPER) mattress IPO is also expected in early 2020

About the Data:

Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales, and app ratings - and creates data sets that measure factors like hiring, revenue, and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales. 

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