2018 has been a great year for IPOs and we believe the same for 2019. Several large unicorns, including Palantir, plan to go public next year. Having operated as private firms for several years, these companies focused on growth, not profitability. However, investors increasingly want to see a path to profits for these large, late stage companies. Evidence suggests Palantir could be profitable by its IPO as the company continues to shift its revenue from government services to enterprise subscriptions.
The SharesPost Private Growth Index is designed to measure the performance of a broad array of VC-backed private growth companies. The companies span multiple technology-driven sectors, including Consumer Internet, Enterprise Software, Energy, Health Care, and Financial Services.
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