Why the IPO Market’s Swoon Shouldn’t Scare Investors

Hedge funds invested in private companies have lately cashed out of their investments while sidestepping the wobbly public markets.

Harry's disposable razor blades (II photo)

Harry’s disposable razor blades

(II photo)

Have Uber and Lyft’s stock slides spooked investors in private companies?

Market observers are raising concerns about the ability of hedge funds and other investment firms to cash out of so-called unicorns — private companies with valuations of $1 billion or more — and other private companies.

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