With economy uncertain, tech ‘unicorns’ rush toward IPOs

Lyft isn’t the only Bay Area tech company that might be speeding up its plans to go public.
Uber has also hastened its initial public offering clock. The San Francisco company had once said it was looking to fall 2019, but has pushed that timing up because of concerns that a recession might be coming, said two people familiar with the plans. Uber could now go public as soon as April, they said. Investment banks have told the company it could be worth as much as $120 billion in an IPO.
The moves by the ride-hailing companies indicate how tricky it can be to decide when to go public at a time when stock markets have been turbulent and the broader economic picture is muddied.