Wall Street not yet sold on some of city’s tech unicorns

Some of New York’s hottest tech unicorns are struggling to win over Wall Street.

Six of the 13 New York-based tech companies to launch initial public offerings this year have lost share value compared to their offering price, Crain’s found. Those public offerings have come as part of a record surge in New York tech firms going public in recent months.

The share price for tech-driven insurer Oscar Health was down more than half from the $39 price it debuted on the New York Stock Exchange on March 3, as of market closing Thursday. Real estate brokerage Compass was down about 24% on Thursday

→ Continue reading at Crain's New York Business

[ufc-fb-comments url="http://www.newyorkmetropolitan.com/news/wall-street-not-yet-sold-on-some-of-citys-tech-unicorns"]

Latest Articles

Related Articles