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With Economy Uncertain, Tech ‘unicorns’ Rush Toward Ipos

by posted 10months ago 98 views
Lyft isn’t the only Bay Area tech company that might be speeding up its plans to go public. Uber has also hastened its initial public offering clock. The San Francisco company had once said it was looking to fall 2019, but has pushed that timing up because of concerns that a recession might be coming, said two people familiar with the plans. Uber could now go public as soon as April, they said. Investment banks have told the company it could be worth as much as $120 billion in an IPO.

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