The IPOs of Uber and Lyft have set a precedent for other tech companies planning for IPO. They have shown that despite not being profitable at the time of their IPOs, companies can still go public and achieve a high market valuation. However, they also highlighted the risks associated with such a move, as both companies faced significant drops in share prices post-IPO. This has led to a more cautious approach from other tech companies, with many choosing to delay their IPOs in order to achieve profitability first.
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