The eagerness by companies to list may signal a scramble to tap public markets before things go south.
Billion-dollar private companies are stampeding to go public this spring. But fear, not excitement, may be driving the herd.
Uber, with a jaw-dropping $120 billion target valuation, is planning to release its filing and kick off an IPO roadshow in April, according to Reuters. Slack and Palantir are also on deck in 2019. Larry McDonald, managing director of ACG Analytics, said Silicon Valley clients he has spoken with behind the scenes regretted not listing before the December dip.
The Dow closed more than 400 points lower Friday following the Federal Reserve's cautious outlook earlier in the week. Larry Haverty, managing director at LJH Investment Advisors said the first-quarter rush to go public is"greed more than fear."
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