The Tech I.P.O. Comes Roaring Back in the Pandemic
Now that the stock market has largely shrugged off the coronavirus, start-ups are scrambling to go public.
As the coronavirus spread in March, Vroom, a start-up that sells used vehicles online, shelved its plans to go public and rushed to shore up its operations.
But with many dealerships closed under shelter-in-place orders, people started buying more cars online, benefiting Vroom with record sales in March and April, the company said.
Read more here: https://www.nytimes.com/2020/06/17/technology/ipo-pandemic.html