Carlo Allegri/Reuters
Uber CEO Dara Khosrowshahi.
Hello!
The IPO market is picking up steam. Pinterest started its IPO roadshow on Monday, targeting a lower valuation than it achieved in its last private funding round. On Thursday, PagerDuty soared on its debut. And later that day, Uber filed for its own long-awaited listing.
By some estimates, more than 100 tech unicorns could hit the public markets this year. We'll be keeping a close eye on the winners and losers over the coming months.
You can read all of our extensive coverage on the Uber IPO here, but here are some of the highlights.
What would you like this email to include? What have we missed? You can reach me at mturner@businessinsider.com.
-Matt
Quote of the week
"I'll say I am looking for a short-term futures guy with Python [coding abilities] and two years' experience, and once you narrow that down, there's really only like five or 10 guys out there that fit the bill." - Michael Graves, a hedge fund manager starting his own fund, on the battle for quant talent with Silicon Valley.
In conversation
- Marley Jay talked to Peter Mallouk, CEO of Creative Planning and one of the top-ranked US wealth managers in recent years, about the five ways he says you can invest like "the millionaire next door."
- Rich Feloni talked to Roger Duguay, a managing partner and global practice leader for CEO and board services for Boyden, about the three key traits he looks for in CEO candidates.
- Shona Ghosh talked to Patrick Studener, Bird's most senior exec outside the US, about the company's expansion in Europe, and how you stop someone wielding a scooter as a riot weapon.
- Lisa Eadicicco talked to Ring founder Jamie Siminoff about how he's bringing his entrepreneurial spirit to Amazon a year after selling to the tech giant for $1 billion.
- Rosalie Chan talked to Mark Templeton, CEO of cloud computing startup DigitalOcean, about the "cult following" that helped it grow a $225 million business even under the shadow of Amazon Web Services.
- Meghan Morris talked to Byron Sorrells, chief operating officer at SAY, about how the fintech platform is trying to make voting and other corporate governance processes more accessible to individual investors.
- Kate Taylor talked to José Cil, the new CEO of Restaurant Brands International, the parent company of Burger King, Tim Hortons, and Popeyes, about his plans for the future of the chains.
- Dennis Green talked to Bonobos' new CEO, Micky Onvural, about how the retailer is helping Walmart make a crucial strategic shift.
- Lydia Ramsey talked to Flatiron Health CEO and co-founder Nat Turner, a year after the health-tech company sold to Roche in a $1.9 billion deal, about his advice for other founders who want to stay on after an acquisition.
- Tanya Dua talked to Procter & Gamble chief brand officer Marc Pritchard about why he thinks his crusade to overhaul digital advertising is working.
Finance and Investing
Tech, Media, Telecoms
Healthcare, Retail, Transportation
Creating a new drug takes a decade and costs a fortune. Investors have poured almost $1 billion into startups trying to change that
Making drugs is a notoriously slow and costly proposition.
Ikea exec reveals how opening a new kind of location will help it win in e-commerce
How does Ikea plan to adapt to the increasingly omnichannel world of retail? Well, the furniture-store chain's new planning studio in Manhattan may offer up some important clues.