附近上门

A choppy market for growth companies is to blame for not dropping its S-1 yet, according to CEO .

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The startup submitted a confidential IPO filing in February, and there were reports that its S-1 would come out in September. But September has passed, and people (read: journalists) are asking: where is Postmates鈥� S-1?

鈥淚鈥檓 asking myself the same question every day,鈥� Lehmann said at TechCrunch鈥檚 annual Disrupt conference on Friday.

鈥淭he reality is that we will IPO when we believe we find the right time for the business and the right time in the markets,鈥� Lehmann said.

He cited public market conditions–he called them鈥渃hoppy鈥� especially for growth-focused companies–as the reason for Postmates taking its time with its IPO. He wouldn鈥檛 say if the IPO would come in 2019, but said it depended more on the 鈥渕acro鈥� than the company鈥檚 own particular readiness to go public.

This year has seen many high-profile startups go public (, , ) and Postmates was expected to be among the Class of 2019. But many of those startups have seen lackluster results on the public market. Uber and Lyft stocks set record lows earlier this week, and WeWork pulled its IPO after a string of problems came to light last month.

Postmates has , according to 附近上门. It most recently raised $225 million in September in a private equity round led by . The company, which was founded in 2011, counts and among its investors.

Lehmann said the company knows internally when it will be profitable, and that its most recent investment from GPI Capital was an 鈥渙pportunistic鈥� round.

Friday also marked Lehmann鈥檚 return to TechCrunch鈥檚 Disrupt conference after several years of absence. He Wednesday that he hadn鈥檛 been back to Disrupt since 鈥渢otally butchering鈥� Postmates鈥� battlefield demo in 2011. (He returned at least once in between, in London.)

The on-demand delivery startup is also looking to have robots make deliveries. It debuted its robot, named Serve, last year and in August Postmates received a permit to test it in San Francisco, according to the . Postmates is already testing Serve in the Los Angeles area and would like to test it in New York, Lehmann said.

Postmates didn鈥檛 spend as much on developing robotics as one would think, Lehmann said. Postmates spent less developing it in-house than it would have by acquiring another company.

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