Turning Silicon into Gold: The Strategies, Failures, and Evolution of the Tech Industry

© Griffin Kao, Jessica Hong, Michael Perusse and Weizhen Sheng 2020

G. Kao et al.Turning Silicon into Goldhttps://doi.org/10.1007/978-1-4842-5629-9_13

13. Tech IPO Flops

Why It Seems Like Tech Companies Fall Hardest in the Public Market

Griffin Kao¹ , Jessica Hong², Michael Perusse³ and Weizhen Sheng⁴

(1)

Wynnewood, PA, USA

(2)

Edina, MN, USA

(3)

Cambridge, MA, USA

(4)

Markham, ON, Canada

 

In the Spring of 2019, the world’s eyes were on Uber as the ride-hailing giant geared up to debut on the open market at $45 a share. Investors, on the edge of their seats, were simultaneously nervous and hopeful that the shares offered in the initial public offering (IPO) would experience that first day jump in value caused by a rush of individual investors trying to get ...