Are unicorns on the verge of extinction?
April 1, 2016 - Uncategorized
It’s clear that public markets don’t always share Silicon Valley’s sunny optimism at IPO time. One recent and much-discussed example is flash data storage company Pure Storage, which raised $425 million in its highly anticipated IPO but then fell back to earth on the first day of trading, when the stock closed almost six percent below the IPO price. San Francisco-based Square priced its IPO shares at values about 40 percent lower than its last private funding round. It would be a mistake to view this as merely a unicorn problem, though – an issue that only affects tech startups valued at $1…
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Source: The Next Web