France 24: “Big IPOs eyeing a brittle Wall Street in 2019”By admin_45 in IN THE NEWS
Excerpt from France 24 quoting DataTrek's Nick Colas:
.... "Companies have even been known to accelerate a plan to go public if they anticipate even greater volatility down the road.
Still, the market turmoil could affect how much money companies raise.
"If current market conditions presage a US economic slowdown in 2019, investors may want to haircut valuations to incorporate slower earnings growth," said Nicholas Colas, co-founder of DataTrek Research, who noted that Uber, Lyft and Airbnb are all dependent on consumer spending, while Slack and Palantir rely on corporate spending.
"None have been tested by a US recession in their current forms," Colas said"....
Read the full article here on France 24!