When Dropbox went public last week in the first major tech initial public offering of 2018, a number of people were thinking, “It’s about time.”
The company’s public debut was hotly anticipated in an environment where tech IPOs have not been common.
In recent years, a handful of high-profile unicorns were expected to go public but didn’t. Airbnb, Spotify, Palantir Technologies, Stripe, Pinterest and Uber Technologies, for example, have all been on “most anticipated IPOs” lists going back as far as 2014—if not longer.
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