Begun, the Mark Downs Have
The Irrelevant Investor
MARCH 15, 2022
The washout in high-growth stocks continues. At least in the public markets. One-third of tech companies that went public in the last four years are trading below their last pre-IPO private round valuation. It's getting harder for privately-held public companies* to stay marked at the same spot they were at their last round considering that they'd be cut in half if their shares were traded on an exchange.
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