It’s all but certain that Uber, Lyft and several other private companies will go public in 2019. What is far less clear is how public market investors, in a potentially jittery market, will receive them.
These companies, and their venture capital investors, represent the Silicon Valley bulls who believe public investors will rally behind them. This theory banks on the idea that there is “pent up demand” for the next Facebook. (Not Facebook today, but what Facebook was to investors in 2012, excluding the actual botched IPO. Ok. I digress.)
