{"id":7034,"date":"2025-02-18T16:05:40","date_gmt":"2025-02-18T16:05:40","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/"},"modified":"2025-02-18T16:05:40","modified_gmt":"2025-02-18T16:05:40","slug":"theyve-been-waiting-years-to-go-public-theyre-still-waiting","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/","title":{"rendered":"They\u2019ve Been Waiting Years to Go Public. They\u2019re Still Waiting."},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Turo, a car rental start-up in San Francisco, has been trying to go public since 2021. But a volatile stock market in early 2022 delayed its listing. Since then, the company has waited for the right moment.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Last week, Turo pulled its listing entirely. \u201cNow is not the right time,\u201d Andre Haddad, the company\u2019s chief executive, said in a statement.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">For months, investors have eagerly anticipated a wave of initial public offerings, spurred by President Trump\u2019s new administration. Since his election victory in November, which ended a tumultuous campaign season, Corporate America and Wall Street have heralded the start of a pro-business, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/02\/13\/business\/trump-deregulation-firing.html\" title=\"\">anti-regulation<\/a> period. The stock market <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/11\/05\/business\/election-stock-markets.html\" title=\"\">soared<\/a> ahead of an expected bonanza of deal making.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">But the administration\u2019s tariff announcements and rapid-fire regulatory changes have created uncertainty and volatility. Worsening inflation has set off <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/02\/12\/business\/stock-market-inflation.html\" title=\"\">market jitters<\/a>. And the emergence of the Chinese artificial intelligence app DeepSeek <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/02\/12\/technology\/deepseek-ai-chip-costs.html\" title=\"\">last month<\/a> caused investors to question their optimistic bets on U.S. tech, leading to a <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/01\/27\/business\/deepseek-nvidia-ai-chips.html\" title=\"\">drastic sell-off among A.I.-related stocks<\/a>.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">All that has affected initial public offerings. \u201cThe calendar just went from fully booked to being wide open in a span of like three weeks,\u201d said Phil Haslett, a founder of EquityZen, a site that helps private companies and their employees sell their stock.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">So far this year, the pace of public offerings is ahead of last year\u2019s, with companies raising $6.6 billion from listings, up 14 percent compared with this time last year, according to Renaissance Capital, which manages I.P.O.-focused exchange traded funds.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Yet there are no signs of the I.P.O. wave that many had anticipated, especially from big-name companies that had spent the past two years waiting to go public. Apart from Turo\u2019s canceled listing, Cerebras, an A.I. chip company that <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/09\/30\/technology\/cerebras-ai-chips-ipo.html\" title=\"\">filed its investment prospectus this past fall<\/a>, has also delayed plans to go public.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">It is too early to know if macroeconomic concerns about inflation, interest rates and geopolitical risks will cause other companies to change their plans, I.P.O. advisers and analysts said. More listings are expected in the second half of the year.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cWe do need to allow a little more time to see where the administration starts to land on some of these key topics that are driving some of the uncertainty,\u201d said Rachel Gerring, the I.P.O. leader for Americas at EY, an accounting and professional services firm. \u201cI.P.O. planning is still very much occurring.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Klarna, a lending start-up, and eToro, an investment and trading provider, have confidentially filed to list their shares in recent months. But many of the most valuable private tech companies, including Stripe and Databricks, have indicated that they plan to stay private for now by raising capital from the private market instead.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">David Solomon, the chief executive of Goldman Sachs, said last month that one reason I.P.O. activity had been slow was that start-ups could get the capital they needed from private investors. Goldman helped Stripe, the payments start-up valued at $70 billion, raise billions of dollars last year, he said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThat\u2019s a company that never would have been a private company today, given their capital needs, but today you can,\u201d he said at a <a class=\"css-yywogo\" href=\"https:\/\/www.ciscoaisummit.com\/on-demand\/capital-markets-ai-david-solomon-goldman-sachs.html\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">conference<\/a> organized by Cisco.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">To further ease the pressure to go public, Stripe has let its employees and shareholders sell some of their stock on a regular basis for the past few years, allowing them to cash out so they do not pressure the company to list. The transactions, known as tender offers, also resolve the problem of employee shares expiring and help workers pay tax bills related to the sales.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The number and size of tender offerings grew in 2024, according to <a class=\"css-yywogo\" href=\"https:\/\/carta.com\/data\/tender-offers-q3-2024\/#offering-sizes-are-increasing-in-2024\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">Carta<\/a>, a site that helps start-ups manage their shareholders. Carta\u2019s customers did 77 tender offers in 2024, up from 68 in 2023. They raised $3.5 billion last year, more than double the $1.7 billion raised in 2023.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-3\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Databricks, an A.I. data company, raised $10 billion <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/12\/17\/technology\/databricks-funding-venture-capital-deals.html\" title=\"\">from investors in December<\/a>. Part of the money went toward operations, but Databricks said some of it would also be used to let current and former employees cash out and pay their taxes.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Also in December, Veeam, a data company, said it raised $2 billion in funding that went to existing investors. This year, Plaid hired Goldman Sachs to raise up to $400 million in a tender offer that would allow shareholders to cash out, according to a person familiar with the matter.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Solomon said he has often told start-up founders there are three reasons to go public, and two of them \u2014 raising money and letting shareholders sell their stock \u2014 have been solved by the private markets.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">He advised founders to go public \u201cwith great caution,\u201d since doing so will change the way they run their businesses. \u201cIt\u2019s not fun being a public company,\u201d he said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Companies that want to go public have been waiting. Many postponed their plans in early 2022 when interest rates rose and the war in Ukraine rattled markets.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-4\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Justworks, a payroll and benefits software provider, was days away from pitching public investors about a listing in January 2022 when it decided to delay. Mike Seckler, the chief operating officer at the time, said it was tempting to push through and list the shares anyway, since so much work had gone into preparing for a public offering.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">But as 2022 wore on, the market volatility and poor performance of companies that listed proved Justworks made the right call, he said. Justworks did not need the capital \u2014 it had $125 million in the bank \u2014 and it was profitable.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cIt started to feel like we\u2019d be forcing something, as opposed to capitalizing on a moment of great enthusiasm for our business,\u201d said Mr. Seckler, who became chief executive in late 2022.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Justworks eventually scrapped its listing plans and does not plan to try again anytime soon. \u201cOur time will come,\u201d Mr. Seckler said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Navan, a travel and expense management software maker, confidentially filed to go public in 2022 but later pulled its plans, a person familiar with the matter said. The start-up recently went on a \u201cnon-deal\u201d roadshow to meet investors and lay the groundwork for a listing in the second half of the year, the person said.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-5\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">StubHub, the ticketing company, which filed to go public in 2022, is also aiming to list its shares sometime this year, a person familiar with the matter said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">With the volatile market, bankers have pushed tech companies, which are often unprofitable, to find a way to make money, people familiar with the conversations said. Bankers want start-ups to generate at least $200 million in annual revenue to appeal to public investors. If a company is smaller or losing money, investors want to see high revenue growth, the people said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThe bar went up for the type of companies that can be public,\u201d said Amy Butte, Navan\u2019s chief financial officer. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">Sanjay Dhawan, the chief executive of SymphonyAI, a software company, said bankers have told him to hit $200 million to $300 million in revenue before going public. The company surpassed $400 million last year and turned a profit, he said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Dhawan added that he had been waiting for clarity from the election before making I.P.O. plans.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cNow everyone knows what the economic policies will look like,\u201d he said.<strong class=\"css-8qgvsz ebyp5n10\"> <\/strong>\u201cEveryone is feeling a bit relieved to start planning.\u201d The volatility from DeepSeek was only a short-term reaction, he added.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-6\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">At least one tech company recently made it to the public markets. On Thursday, SailPoint Technologies, a cybersecurity company backed by the private equity firm Thoma Bravo, raised $1.38 billion in a public offering that valued it at around $12 billion. But its stock fell 4 percent below its I.P.O. price of $23 a share on its first day of trading.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">For the public offering market to really get going, \u201cit\u2019s going to take a few brave companies to come out,\u201d Mr. Haslett of EquityZen said.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/02\/18\/technology\/tech-ipo-delays.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turo, a car rental start-up in San Francisco, has been trying to go public since 2021. But a volatile stock<\/p>\n","protected":false},"author":1,"featured_media":7035,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[123,649,1047,2657,2660,782,305,2658,2659,111,1046],"class_list":["post-7034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-computers-and-the-internet","tag-david-m","tag-entrepreneurship","tag-initial-public-offerings","tag-solomon","tag-start-ups","tag-stocks-and-bonds","tag-stripe-inc","tag-turo-inc","tag-united-states-politics-and-government","tag-venture-capital"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>They\u2019ve Been Waiting Years to Go Public. They\u2019re Still Waiting. - World News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"They\u2019ve Been Waiting Years to Go Public. They\u2019re Still Waiting. - World News\" \/>\n<meta property=\"og:description\" content=\"Turo, a car rental start-up in San Francisco, has been trying to go public since 2021. But a volatile stock\" \/>\n<meta property=\"og:url\" content=\"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/\" \/>\n<meta property=\"og:site_name\" content=\"World News\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-18T16:05:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg\" \/>\n<meta name=\"author\" content=\"News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/\"},\"author\":{\"name\":\"News\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/person\/1d8ae7348e048cb7984f26b4dd818ff2\"},\"headline\":\"They\u2019ve Been Waiting Years to Go Public. They\u2019re Still Waiting.\",\"datePublished\":\"2025-02-18T16:05:40+00:00\",\"dateModified\":\"2025-02-18T16:05:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/\"},\"wordCount\":1333,\"publisher\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#organization\"},\"image\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1\",\"keywords\":[\"Computers and the Internet\",\"David M\",\"Entrepreneurship\",\"Initial Public Offerings\",\"Solomon\",\"Start-ups\",\"Stocks and Bonds\",\"Stripe Inc\",\"Turo Inc\",\"United States Politics and Government\",\"Venture Capital\"],\"articleSection\":[\"Technology\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/\",\"name\":\"They\u2019ve Been Waiting Years to Go Public. They\u2019re Still Waiting. - World News\",\"isPartOf\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1\",\"datePublished\":\"2025-02-18T16:05:40+00:00\",\"dateModified\":\"2025-02-18T16:05:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1\",\"width\":1050,\"height\":550},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/site.itshrt.com\/worldnews\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"They\u2019ve Been Waiting Years to Go Public. They\u2019re Still Waiting.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#website\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/\",\"name\":\"World News\",\"description\":\"World News\",\"publisher\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/site.itshrt.com\/worldnews\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#organization\",\"name\":\"World News\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/wp-content\/uploads\/sites\/13\/2025\/01\/cropped-download.png\",\"contentUrl\":\"https:\/\/site.itshrt.com\/worldnews\/wp-content\/uploads\/sites\/13\/2025\/01\/cropped-download.png\",\"width\":581,\"height\":581,\"caption\":\"World News\"},\"image\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/person\/1d8ae7348e048cb7984f26b4dd818ff2\",\"name\":\"News\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"They\u2019ve Been Waiting Years to Go Public. They\u2019re Still Waiting. - World News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/","og_locale":"en_US","og_type":"article","og_title":"They\u2019ve Been Waiting Years to Go Public. They\u2019re Still Waiting. - World News","og_description":"Turo, a car rental start-up in San Francisco, has been trying to go public since 2021. But a volatile stock","og_url":"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/","og_site_name":"World News","article_published_time":"2025-02-18T16:05:40+00:00","og_image":[{"url":"https:\/\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg","type":"","width":"","height":""}],"author":"News","twitter_card":"summary_large_image","twitter_image":"https:\/\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg","twitter_misc":{"Written by":"News","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/#article","isPartOf":{"@id":"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/"},"author":{"name":"News","@id":"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/person\/1d8ae7348e048cb7984f26b4dd818ff2"},"headline":"They\u2019ve Been Waiting Years to Go Public. They\u2019re Still Waiting.","datePublished":"2025-02-18T16:05:40+00:00","dateModified":"2025-02-18T16:05:40+00:00","mainEntityOfPage":{"@id":"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/"},"wordCount":1333,"publisher":{"@id":"https:\/\/site.itshrt.com\/worldnews\/#organization"},"image":{"@id":"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1","keywords":["Computers and the Internet","David M","Entrepreneurship","Initial Public Offerings","Solomon","Start-ups","Stocks and Bonds","Stripe Inc","Turo Inc","United States Politics and Government","Venture Capital"],"articleSection":["Technology"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/","url":"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/","name":"They\u2019ve Been Waiting Years to Go Public. They\u2019re Still Waiting. - World News","isPartOf":{"@id":"https:\/\/site.itshrt.com\/worldnews\/#website"},"primaryImageOfPage":{"@id":"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/#primaryimage"},"image":{"@id":"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1","datePublished":"2025-02-18T16:05:40+00:00","dateModified":"2025-02-18T16:05:40+00:00","breadcrumb":{"@id":"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/#primaryimage","url":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1","contentUrl":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1","width":1050,"height":550},{"@type":"BreadcrumbList","@id":"https:\/\/site.itshrt.com\/worldnews\/theyve-been-waiting-years-to-go-public-theyre-still-waiting\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/site.itshrt.com\/worldnews\/"},{"@type":"ListItem","position":2,"name":"They\u2019ve Been Waiting Years to Go Public. They\u2019re Still Waiting."}]},{"@type":"WebSite","@id":"https:\/\/site.itshrt.com\/worldnews\/#website","url":"https:\/\/site.itshrt.com\/worldnews\/","name":"World News","description":"World News","publisher":{"@id":"https:\/\/site.itshrt.com\/worldnews\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/site.itshrt.com\/worldnews\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/site.itshrt.com\/worldnews\/#organization","name":"World News","url":"https:\/\/site.itshrt.com\/worldnews\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/logo\/image\/","url":"https:\/\/site.itshrt.com\/worldnews\/wp-content\/uploads\/sites\/13\/2025\/01\/cropped-download.png","contentUrl":"https:\/\/site.itshrt.com\/worldnews\/wp-content\/uploads\/sites\/13\/2025\/01\/cropped-download.png","width":581,"height":581,"caption":"World News"},"image":{"@id":"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/person\/1d8ae7348e048cb7984f26b4dd818ff2","name":"News","url":"https:\/\/site.itshrt.com\/worldnews\/author\/admin\/"}]}},"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=150&resize=150,150&ssl=1","medium":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=300&resize=300,300&ssl=1","medium_large":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=768&resize=768,0&ssl=1","large":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=1024&resize=1024,1024&ssl=1","1536x1536":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=1536&resize=1536,1536&ssl=1","2048x2048":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=2048&resize=2048,2048&ssl=1","colormag-highlighted-post":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=392&resize=392,272&ssl=1","colormag-featured-post-medium":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=390&resize=390,205&ssl=1","colormag-featured-post-small":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=130&resize=130,90&ssl=1","colormag-featured-image":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=800&resize=800,445&ssl=1","colormag-default-news":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=150&resize=150,150&ssl=1","colormag-featured-image-large":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=1400&resize=1400,600&ssl=1","colormag-elementor-block-extra-large-thumbnail":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=1155&resize=1155,480&ssl=1","colormag-elementor-grid-large-thumbnail":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=600&resize=600,417&ssl=1","colormag-elementor-grid-small-thumbnail":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=285&resize=285,450&ssl=1","colormag-elementor-grid-medium-large-thumbnail":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=575&resize=575,198&ssl=1"},"magazineBlocksPostAuthor":{"name":"News","avatar":"https:\/\/secure.gravatar.com\/avatar\/e85cf08852547781a5f631f3713dbb5197ed4b54e32ae19c7d5769b8c8504897?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":false,"magazineBlocksPostExcerpt":"Turo, a car rental start-up in San Francisco, has been trying to go public since 2021. But a volatile stock","magazineBlocksPostCategories":["Technology"],"magazineBlocksPostViewCount":69,"magazineBlocksPostReadTime":7,"magazine_blocks_featured_image_url":{"full":["https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1",1050,550,false],"medium":["https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=300&resize=300,300&ssl=1",300,300,false],"thumbnail":["https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/02\/18\/business\/00tech-ipo\/00tech-ipo-facebookJumbo.jpg?w=150&resize=150,150&ssl=1",150,150,false]},"magazine_blocks_author":{"display_name":"News","author_link":"https:\/\/site.itshrt.com\/worldnews\/author\/admin\/"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/e85cf08852547781a5f631f3713dbb5197ed4b54e32ae19c7d5769b8c8504897?s=96&d=mm&r=g","magazine_blocks_category":"<a href=\"#\" class=\"category-link category-link-39\">Technology<\/a>","_links":{"self":[{"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/posts\/7034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/comments?post=7034"}],"version-history":[{"count":0,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/posts\/7034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/media\/7035"}],"wp:attachment":[{"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/media?parent=7034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/categories?post=7034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/tags?post=7034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}