https://www.businessinsider.sg/initial-public-offering-how-unprofitable-companies-fared-2019-3/
Lyft went public Friday at a valuation of more than $20 billion despite recording heavy losses ahead of its initial public offering.
Several other money-losing tech companies, like Uber and Pinterest, are preparing IPO filings.
Markets Insider has compiled several examples of money-losing tech firms going public – they range from bankruptcies at Pets.com and Webvan to huge gains at Amazon.
Submitted March 30, 2019 at 09:48AM by coolcomfort123 https://ift.tt/2YDGAV5
