What’s Crippling The IPO Unicorns?

There was much excitement surrounding the IPO market heading into 2019, particularly when it came to the stable of “unicorns” set to IPO this year – and while a number of unicorns that IPO-ed in the first half of the year (e.g. Beyond Meat, CrowdStrike) saw their share prices surge in the first few months of trading (and still remain above the IPO price), the author of today’s article observes that “the same can’t be said for more recent listings such as Uber, Lyft and Peloton which sank on their first day and continued on a downward path.” What does he point to as “the main issue underlying the recent troubles” – and what’s the lesson for IPO investors? CLICK HERE.