At stake may be Uber's ability to attract talent, avoid more customer boycotts and go
public at a higher valuation.
Not exact matches
Investors in highly valued start - ups have been concerned about the willingness of
public market investors buy into those companies
at or above those
high valuations, said Smith, also an IPO exchange - traded fund manager.
The company plans to sell shares
at between $ 12 and $ 14, which Fortune calculates would place Twilio
at a
public market capitalization of around $ 1.07 billion, which is
higher than its last private market
valuation.
Only Wayfair (W) and New Relic (NEWR) are currently trading
at higher valuations than before they went
public.
Technology companies have increasingly deferred initial
public offerings (IPO), electing to raise sizable amounts of capital from private markets
at high valuations.
These giant funds, which are supposed to pay for
public and private employees in retirement, are piling into stocks
at record
high valuations.
Dropbox earlier this week said it would price its initial
public offering in a range between $ 18 and $ 20 per share, settling on a
valuation near $ 8 billion
at the
high end of the range (or closer to $ 8.75 billion, based on its fully - diluted share count).
Spotify, Apple Music's main competitor, this morning opened on the New York Stock Exchange
at $ 165.90 per share, valuing the company
at $ 29.5 billion.When Spotify filed to go
public in February, CNBC estimated the company's
valuation at ~ $ 23 billion based on private trades that had reached as
high as $ 132.50.
This suggests that NTRs may offer a better option for investors who are concerned about rich
public REIT
valuations that may overstate underlying asset value, especially now, when traded REIT prices are
at historic
highs and yields are near historic lows.