Corporate Partner Sze- Hui Goh was quoted in the Business Times article titled "Uber, Lyft IPOs could bring healthy dose of reality to South-east Asian tech valuations"
Eversheds Harry Elias Corporate Partner Sze- Hui Goh comments in the Business Times article titled "Uber, Lyft IPOs could bring healthy dose of reality to South-east Asian tech valuations". The article was first published on 11 May 2019.
Uber, Lyft IPOs could bring healthy dose of reality to South-east Asian tech valuations
Below is an excerpt from the article which features comments from Sze- Hui:
The conservative pricing in the Initial Public Offering (IPO) of Uber, coupled with the lacklustre stock market performance of rival Lyft, could bring sky-high unicorn valuations back to earth as more head for the public markets, including in South-east Asia.
But recent macroeconomic uncertainty, prompted by fresh trade tensions, could hasten the rush for unicorns to list, industry watchers caution. More broadly, this could also prompt a rethink of the traditional eight to 12-year lifespan of venture funds.
"To be absolutely practical, a lot of these (startups) are not going to start making money within a 10-year period. You need a longer run. I think that's what the funds are going to try and do... Instead of 10 years, I think they are going to have to change their strategy a little, and change the period of the fund to a longer period," said Sze-Hui Goh, a partner at Eversheds Harry Elias.
Full article can be found here.
Source: The Business Times
Author: Sharanya Pillai