News Snapshot:
Many startups dream about going public. It allows them to raise much more capital than from private equity investors and venture capital firms. Equity mutual funds in the US alone manage US$8.4 trillion domestically- that’s six times the comparable value handled by buyout funds and 18 times what venture capital oversees. Recently, there seems to be a rush for an initial public offering among tech startups. Among US companies, some of the biggest-ever tech IPOs by capital raised took place in 2020. Food delivery platform DoorDash and vacation rental firm Airbnb listed last December, while software provider Snowflake went public...
