Tech
Valuations of recent IPOs, relative to the companies' revenue, are at their highest levels since the dot-com era, sparking concerns among investors (Wall Street Journal)
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Wall Street Journal:
Valuations of recent IPOs, relative to the companies’ revenue, are at their highest levels since the dot-com era, sparking concerns among investors — DoorDash and Airbnb both rocketed in their public debuts. Now, Roblox has pulled its offering as questions mount about soaring valuations.
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