When Uber begins trading on Friday, it will cap one of the largest ever tech I.P.O.s and join a crowd of big-name start-ups making their stock market debuts this year.
Not since the dot-com boom have so many richly valued tech companies gone public in such short succession: Shares of Lyft and Pinterest are now trading, and Slack, WeWork and Palantir are expected to follow soon.
But this crop of tech companies is markedly different from those that came up during the late 1990s.
Many rode the rise of mobile connectivity and cloud computing in the last decade to multibillion-dollar valuations. They are more mature, having spent years as private companies building their businesses. But a number remain deeply unprofitable, and the time they spent in the private markets, increasing in size and value, has ultimately raised questions about where they go from here.
View the feature here: https://www.nytimes.com/interactive/2019/05/09/business/dealbook/tech-ipos-uber.html