Technology IPOs May Face Delays, Lower Values After Stock Rout
- Analysts expect listing delays, valuations to be lowered
- Major companies such as Uber are expected to debut next year
Photographer: Kevin Frayer/Getty Images
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The months-long sell-off in technology stocks has started to cast doubts on the prospects of companies that have yet to go public.
While initial public offerings in the tech sector have performed better than new issues overall in 2018, analysts surveyed by Bloomberg said recent volatility could result in lower valuations for names expected to debut in 2019. The high-profile group of IPO candidates includes such "unicorns" as Uber Technologies Inc. and Slack Technologies Inc. Smaller companies may even delay their offerings until the market environment is seen as safer, they said.