Venture Capital Journal
Tim Harris, managing partner of Morrison & Foerster’s Palo Alto office and a partner in the Emerging Companies and Venture Capital Group, was quoted regarding the IPO market in the article, “IPOs Spring Back to Life,” published by Venture Capital Journal in December 2016.
The companies going out next year aren’t likely to be the big unicorns, but smaller ones, said Mr. Harris. They will want to create paths for employee liquidity and to benefit from the publicity they get from going out.
“You have to say the IPO market is looking better,” he said.
But if this is not the top of the cycle then it is close in terms of valuations, and “this means that some private companies have likely outgrown the IPO market,” he said. “These companies, I suspect, will remain private companies for a long, long time.”