Why unicorn IPO, WeWork flops are a good thing for the stock market - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

The chief strategist at a $1.2 trillion investing titan explains why pain for Uber, Peloton, and WeWork is good news for the stock market — and helping fend off another tech bubble

Kristina Hooper

"I've taken a lot of comfort from what's happening in the IPO market just because this feels very different than the IPO market of the late 1990s," she told Business Insider in an exclusive interview. While investors are upbeat about the potential of new technologies, she says they're not assuming all of the companies working with those technologies are bound for success. That unbridled enthusiasm is what made the tech bubble so dangerous, in her view.

It's unquestionably true that investors in the private market were willing to assign far greater valuations to these companies than the public has been. But Hooper says this doesn't reflect "irrational exuberance" that leads to bubbles as much as it reflects the amount of money that private equity investors have to spend.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines