Employees of unicorns are cashing out before their start-up goes public. It shows how rocky this year’s big IPOs have been.
|06/17/2019||Posted by BusinessMediaguide.Com under General World News||
- Some Slack employees are selling their stakes in the start-up in the month leading up to an expected IPO, data from secondary marketplace Forge show.
- The rocky public debuts of Lyft and Uber have spooked some employees in Silicon Valley, who want to get cash before the market potentially devalues their shares, according to Forge.
- It’s another symptom of the explosion in private market capital, which has kept large companies private for longer and pushed investors like hedge funds into private equity and venture capital-like investments.
- Click here for more BI Prime stories.