Why Are Tech Unicorns Delaying Their IPOs?

Why Are Tech Unicorns Delaying Their IPOs?

2017 was not an excellent year for tech company IPOs. Snap, for example, had a quick run-up from its IPO price of $17 a share to almost $30, but its share price plummeted almost as fast as it rose. The company’s stock price has yet to rebound to its IPO value. A...
Snap Shares Sink Below IPO Price

Snap Shares Sink Below IPO Price

When Snap, the parent company of social app Snapchat, made its IPO on March 2, it had a banner day. When the stock market opened, Snap shares were already trading higher than their IPO price of $17 per share. It closed the day at $24.48 per share and made its founders...
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