UPDATE 1-Fund managers waiting out high-profile unicorn IPOs after string of flops
A deep disconnect between
private market valuations of companies and the prices their
shares fetch on the open market is pushing more mutual fund
managers to the sidelines during high profile IPOs, anticipating
the newly listed stocks will inevitably fall.
private market valuations of companies and the prices their
shares fetch on the open market is pushing more mutual fund
managers to the sidelines during high profile IPOs, anticipating
the newly listed stocks will inevitably fall.
Posted by Reuters
