GMV The Future, page-4

https://www.cnbc.com/2019/06/13/ipos-are-one-of-the-hottest-trades-of-the-year-so-far-doubling-the-markets-return.html?&qsearchterm=ipo%20market
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Key Points

• IPO watchers were fearful an avalanche of IPOs would cause a crash in the market, but the big tech unicorns have been winners so far.
• “If you’ve got extremely fast growth and a market opportunity, investors are comfortable knowing that profits will come later,” says Matt Kennedy, who analyzes IPOs for Renaissance Capital.
• Kennedy says four of these companies — Beyond Meat, Zoom, CrowdStrike and PagerDuty — exhibited these characteristics.

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