2018 was initially anticipated to be a "monster" IPO year. However, some of the companies investors were most excited to have go public like Uber, AirBnB, and Pintrest, have already announced they will not go public in 2018. But not all hope is lost. Spotify and Dropbox have filed to go public. How will 2018 measure up to 2017 for IPOs?
Barrett Daniels is the CEO of Nextstep Advisory Services and he joins Cheddar to explain why he thinks 2018 could still be a great year for tech IPOs. Daniels says investors will be looking towards Dropbox to set the tone for IPOs in 2018.
Daniels explains that investors have become more intelligent when it comes to big-name IPOs. Tech companies can no longer expect to go public with a flashy name and brand recognition. That is why Daniels is more confident in Dropbox. Daniels believes in Dropbox's strong margins and profitability.
Paul Knopp, the U.S. chair and CEO of accounting giant KPMG, joined Cheddar News to discuss key issues such as global cooperation on technology and ESG investing from the World Economic Forum in Davos.
Mike Dooley, Co-founder and CEO of Labrador Systems, joins Cheddar News to discuss the company's 'Labrador Retriever' personal robot, aiming to support caregivers and help people with health issues live independently.
Volkswagen U.S. CEO Pablo Di Si joined Cheddar New to discuss record quarterly electric vehicle sales and his reaction to Tesla trimming prices on some vehicles by 20% last week. “We'll continue with our pricing strategy, we're not cutting prices on the vehicle's quality over quantity and product content,” he said.
