in part because of how high-growth companies were being viewed by public markets.
Food-delivery company DoorDash had confidentially filed S-1 paperwork to go public earlier this year. When Business Insider spoke with , he said that the company didn't necessarily have to go public this year, and that he was focusing on factors he could control amid the coronavirus pandemic.
Last year, SoftBank had a number of high-profile IPO issues, from WeWork's shelved attempt to go public to offerings from companies including Uber and Vir Biotechnology, which traded down after their offerings. Vir shares have since ticked back up. To be sure, the investor has also seen public-markets successes in the past couple of years, including Guardant Health and 10x Genomics, which both have traded up since their IPOs. that Indian ride-hailing company Ola was looking to begin its IPO process by the end of March 2021 and had hired consultants from McKinsey and EY to work on its efforts. Equity is the new debt, with Corporate America selling record amounts of stock to stockpile cash. Here's what prompted the sudden shift.
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