US companies planning to launch initial public offerings (IPOs) in the coming weeks are hoping that August's bout of stock market volatility will ...
NEW YORK: US companies planning to launch initial public offerings in the coming weeks are hoping that August's bout of stock market volatility will subside this month, according to investment bankers and capital markets lawyers advising them.
WeWork owner The We Company, food delivery platform Postmates Inc and fitness startup Peloton Interactive are among the companies expected to launch IPOs by the end of the year. Representatives for the three companies declined to comment on their IPO plans. While the shares of this year's two most high-profile IPOs, Uber Technologies Inc and Lyft Inc , have performed poorly after their flotation, most IPOs have fared well in 2019.
"We are urging companies to be ready as soon as possible because the IPO windows have been so unpredictable," said Andrew Fabens, partner at Gibson, Dunn & Crutcher and co-chair of the law firm's capital markets practice.
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