See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Lyft, Inc. (LYFT) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Lyft, Inc. (LYFT) - free report >>
The Private Markets Once Again Misvalue An Investment
Casper Sleep CSPR went public today at half the valuation of its last round of private funding. The public equity markets are becoming wary of “Unicorn” start-ups.
2019 saw a number of unprofitable start-ups tank in the public markets. Chewy (CHWY - Free Report) , Lyft (LYFT - Free Report) , Uber (UBER - Free Report) , and Slack have all seen a substantial price drop since they entered the markets last year.
WeWorks was preparing to go public but after review of its financial statements investors valued it at less than half its last round of funding. The IPO failed and initial investors had to write down this asset to fractions of what they valued it at.
There is good reason for investor’s apprehensiveness towards the private market’s valuation of start-up “Unicorns”. This public market apprehensiveness may be putting impending IPOs on hold. Companies will be waiting for a resurgence in IPO allure before thinking about debuting shares.
Which Stocks are Zacks Experts Talking About?
While we share information like what you saw in this video with the public, our top recommendations are reserved for selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF and options moves...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy).
Click here for all Zacks trade >>