What do this year’s tech unicorns have in common? Tons of cash, huge valuations and little to no profits
Several tech unicorns—privately held startups valued at more than $1 billion—are preparing to go public this year at eye-popping valuations. They range from Peloton Interactive Inc.
, the exercise-bike company that is targeting a roughly $4 billion valuation, to Uber Technologies Inc., whose initial public offering could value the ride-hailing giant at more than $120 billion, far above the $72 billion of according to Dow Jones Venture Source data.To Read the Full Story
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