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2019 was supposed to be a banner year for IPOs but now it’s turning into a ‘shitshow’
01/12/2019 General World News
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  • This year was supposed to be the year of the unicorn IPO, with massively funded private startups like Uber, Lyft and Slack all preparing to go public.
  • Now just two weeks into the year, bankers say it’s turning into a “shitshow.”
  • The federal government shutdown has left the SEC closed, which means most companies cannot move forward with going public.
  • Market volatility is also roiling markets and creating an unstable environment for soon-to-be public companies.

Ask any banker which of the multi-billion dollar startups will go public first in 2019 and the answer is a sigh of resignation.

Back in December, 2019 was set read more >>>

Source:: BusinessInsider.Com

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