Although lift-sharing company Uber's May 9 initial public
offering (IPO) is likely to go down as one of the
worst-performing in history, for any sector - not just for a
tech unicorn with this much hype - it may yet have a positive
impact on an already buoyant market.
Shares lost around eight percent in value on the first day
of trading, with investors in the IPO losing hundreds of
millions of dollars. Similarly, investors in market rival Lyft
have lost as much as 35% since its offering in March.
Rather than being alarm, lawmakers and lawyers appear
confident that these performances will have a positive impact
on the US IPO market and, instead of spooking potential
listers, will spur them on to go public sooner.
"It shouldn’t have any adverse effect on the
IPO market or on the desire of companies to go public.
Certainly in Silicon Valley this hasn't put...