Tech unicorns like Airbnb, which just announced plans to go public next year, may have some extra explaining to do before they hit the public market, reports WSJheard. WSJWhatsNow
The clock appears to be ticking on the days in which technology companies losing billions of dollars are valued at tens of billions in the public market. That realization may be forcing the hand of today’s unicorns—for better or for worse.
On Thursday, lodging company Airbnb confirmed plans to go public next year. The timing of that announcement—coming the same week WeWork parent We Co. postponed its own public offering—was telling.
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