BlackRock CEO Larry Fink says companies should go public sooner as the market rebels against the likes of Uber and WeWork

Companies should be going public sooner, BlackRock CEO Larry Fink said on CNBC Tuesday. The head of the largest asset manager said there was too much money being poured into private growth valuations, and now they're being"reset." Several cash-burning companies like Uber raised billions in private venture funding reaching massive valuations before stumbling in the public markets following their initial public offerings.

Companies should be going public sooner, BlackRock CEO Larry Fink said on CNBC Tuesday. The head of the largest asset manager said there was too much money being poured into private growth valuations, and now they're being"reset." Several cash-burning companies like Uber raised billions in private venture funding reaching massive valuations before stumbling in the public markets following their initial public offerings.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

RJ Watches CEO Marco Tedeschi credits his success to passion and luck - Business InsiderThe millennial CEO at the head of one of the most controversial luxury watch brands in the world credits his success to two key factors: passion and luck
Source: BusinessInsider - 🏆 729. / 51 Read more »