aster.cloud aster.cloud
  • /
  • Platforms
    • Public Cloud
    • On-Premise
    • Hybrid Cloud
    • Data
  • Architecture
    • Design
    • Solutions
    • Enterprise
  • Engineering
    • Automation
    • Software Engineering
    • Project Management
    • DevOps
  • Programming
    • Learning
  • Tools
  • About
  • /
  • Platforms
    • Public Cloud
    • On-Premise
    • Hybrid Cloud
    • Data
  • Architecture
    • Design
    • Solutions
    • Enterprise
  • Engineering
    • Automation
    • Software Engineering
    • Project Management
    • DevOps
  • Programming
    • Learning
  • Tools
  • About
aster.cloud aster.cloud
  • /
  • Platforms
    • Public Cloud
    • On-Premise
    • Hybrid Cloud
    • Data
  • Architecture
    • Design
    • Solutions
    • Enterprise
  • Engineering
    • Automation
    • Software Engineering
    • Project Management
    • DevOps
  • Programming
    • Learning
  • Tools
  • About
  • Tech

2019: A Fairytale Gone Bad For Unicorns

  • root
  • November 26, 2019
  • 2 minute read

In an attempt to soar higher in terms of growth, a few unicorns have decided to go public, only for their hopes to be shattered by their poor IPO performances.

Source: https://www.statista.com/chart/19966/change-in-unicorn-market-capitalization-since-ipo/

 


Partner with aster.cloud
for your next big idea.
Let us know here.



From our partners:

CITI.IO :: Business. Institutions. Society. Global Political Economy.
CYBERPOGO.COM :: For the Arts, Sciences, and Technology.
DADAHACKS.COM :: Parenting For The Rest Of Us.
ZEDISTA.COM :: Entertainment. Sports. Culture. Escape.
TAKUMAKU.COM :: For The Hearth And Home.
ASTER.CLOUD :: From The Cloud And Beyond.
LIWAIWAI.COM :: Intelligence, Inside and Outside.
GLOBALCLOUDPLATFORMS.COM :: For The World's Computing Needs.
FIREGULAMAN.COM :: For The Fire In The Belly Of The Coder.
ASTERCASTER.COM :: Supra Astra. Beyond The Stars.
BARTDAY.COM :: Prosperity For Everyone.

Going downhill

Lyft went public last March 29, with their IPO valuation set at $24.30B. Their stock fell quickly to $13B, a sharp decline of 45.72%. Lyft went public a month before its rival, Uber. The anticipation over Uber going public has greatly contributed to the downfall of their stock.

Nevertheless, going public has turned out real ugly for Uber as well. The company went public May 10 this year, with an initial IPO valuation of $80B, one of the highest valuations to have ever hit the market.  It has since gone down to a $45.59B, a tremendous dip.

According to Jordan Hiscott, a chief trader trader at Ayondo Markets in an interview with The Guardian, “I find it intriguing that investors would want to participate with this valuation as high as $82B, while still being a loss-making company.”

A month later, Slack Technologies also decided to go public through a direct listing. Starting with an initial valuation of $23B, their stock has plummeted to $11.93B, down by 48.13%. Microsoft Team’s  continuous growth is the biggest hurdle in Slack’s way, having pulled in over 20 million active users now — way ahead of Slack’s estimated 12 million.

Pinterest is another unicorn which debuted this year, with an IPO valuation of $12.70B. While Pinterest started out smooth sailing, it has since experienced losses, with their stock now only with $11.70B.

Read More  Want Multi-Cluster Kubernetes Without All The Cost And Overhead? Here’s How

A healthy dose of ambition

The current market environment is more volatile than usual for IPOs. We have the on-going US-China trade war, the slowdown in economic growth, and the upcoming 2020 US Presidential elections. With so much more factors to consider, there really is no wonder why there is hesitation to invest on companies going public, especially those who are primarily driven by further growth rather than gaining actual profit.

With so much tech companies involved in these slumps in the stock market, we can expect the performance of tech companies going public in the future to be equally affected.

The stock market has never been a forgiving environment. Going public propelled some companies, it has caused the fall of the others.

While a healthy dose of ambition is needed in order to reach new heights, some level of caution must be exercised in going public. As it turns out, not even those at the very top are safe.


For enquiries, product placements, sponsorships, and collaborations, connect with us at [email protected]. We'd love to hear from you!

Our humans need coffee too! Your support is highly appreciated, thank you!

root

Related Topics
  • IPO
  • Lyft
  • Pinterest
  • Slack
  • Uber
  • Unicorns
You May Also Like
Getting things done makes her feel amazing
View Post
  • Computing
  • Data
  • Featured
  • Learning
  • Tech
  • Technology

Nurturing Minds in the Digital Revolution

  • April 25, 2025
View Post
  • Tech

Deep dive into AI with Google Cloud’s global generative AI roadshow

  • February 18, 2025
Volvo Group: Confidently ahead at CES
View Post
  • Tech

Volvo Group: Confidently ahead at CES

  • January 8, 2025
zedreviews-ces-2025-social-meta
View Post
  • Featured
  • Gears
  • Tech
  • Technology

What Not to Miss at CES 2025

  • January 6, 2025
View Post
  • Tech

IBM and Pasqal Plan to Expand Quantum-Centric Supercomputing Initiative

  • November 21, 2024
Black Friday Gifts
View Post
  • Tech

Black Friday. How to Choose the Best Gifts for Yourself and Others, Plus Our Top Recommendations.

  • November 16, 2024
zedreviews-Apple-iPhone-16-Pro-finish-lineup-240909
View Post
  • Featured
  • Gears
  • Tech
  • Technology
  • Tools

Apple debuts iPhone 16 Pro and iPhone 16 Pro Max

  • September 10, 2024
zedreviews-Apple-iPhone-16-Apple-Intelligence-240909
View Post
  • Featured
  • Gears
  • Tech
  • Technology

Apple introduces iPhone 16 and iPhone 16 Plus

  • September 10, 2024

Stay Connected!
LATEST
  • college-of-cardinals-2025 1
    The Definitive Who’s Who of the 2025 Papal Conclave
    • May 7, 2025
  • conclave-poster-black-smoke 2
    The World Is Revalidating Itself
    • May 6, 2025
  • 3
    Conclave: How A New Pope Is Chosen
    • April 25, 2025
  • Getting things done makes her feel amazing 4
    Nurturing Minds in the Digital Revolution
    • April 25, 2025
  • 5
    AI is automating our jobs – but values need to change if we are to be liberated by it
    • April 17, 2025
  • 6
    Canonical Releases Ubuntu 25.04 Plucky Puffin
    • April 17, 2025
  • 7
    United States Army Enterprise Cloud Management Agency Expands its Oracle Defense Cloud Services
    • April 15, 2025
  • 8
    Tokyo Electron and IBM Renew Collaboration for Advanced Semiconductor Technology
    • April 2, 2025
  • 9
    IBM Accelerates Momentum in the as a Service Space with Growing Portfolio of Tools Simplifying Infrastructure Management
    • March 27, 2025
  • 10
    Tariffs, Trump, and Other Things That Start With T – They’re Not The Problem, It’s How We Use Them
    • March 25, 2025
about
Hello World!

We are aster.cloud. We’re created by programmers for programmers.

Our site aims to provide guides, programming tips, reviews, and interesting materials for tech people and those who want to learn in general.

We would like to hear from you.

If you have any feedback, enquiries, or sponsorship request, kindly reach out to us at:

[email protected]
Most Popular
  • 1
    IBM contributes key open-source projects to Linux Foundation to advance AI community participation
    • March 22, 2025
  • 2
    Co-op mode: New partners driving the future of gaming with AI
    • March 22, 2025
  • 3
    Mitsubishi Motors Canada Launches AI-Powered “Intelligent Companion” to Transform the 2025 Outlander Buying Experience
    • March 10, 2025
  • PiPiPi 4
    The Unexpected Pi-Fect Deals This March 14
    • March 13, 2025
  • Nintendo Switch Deals on Amazon 5
    10 Physical Nintendo Switch Game Deals on MAR10 Day!
    • March 9, 2025
  • /
  • Technology
  • Tools
  • About
  • Contact Us

Input your search keywords and press Enter.