A rocky relationship between Silicon Valley and Wall Street may be getting worseMay 18, 2017
The initial public offering has for decades been the favored means by which fast-growing technology companies have raised their cash and credibility.
Yet the relationship between the IPO and the CEOs of today’s most-valuable tech start-ups more resembles a frosty glance than a warm embrace.
Those who care about financial transparency may want to root for this rocky marriage of Silicon Valley and Wall Street to survive. Whatever may replace the traditional IPO could result in technology investors — even large ones, like hedge funds and giant mutual funds — having even less say in how these inherently risky companies are run. Read on…