2019 was expected to be a stellar year for Initial Public Offerings (IPOs) as a stable full of private companies, including many well-known ‘unicorns,’ came to the public market.
But instead of being welcomed with buying that would catapult valuations into the stratosphere, investors took a hard pass sinking shares into the abyss. Some companies, most notably WeWork, failed to launch.
The first… Continue reading at StockNews.com