2019 was supposed to be a banner year for IPOs but now it’s turning into a ‘shitshow’
- 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