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

Continue reading...