The Next Big IPO is Upon Us

We have previously touched upon how, despite lackluster starts for Uber and Lyft, the overhyped unicorn IPO will not suddenly become a thing of the past. Investors (and the media) still can’t help themselves from salivating over the potential next big thing. The latest to take up that mantle is The RealReal, a digital marketplace for luxury goods. The start-up plans to sell 15 million shares at an expected price of $17 to $19 a share, which at the high end could give them a market valuation of nearly $1.6 billion. After several of the aforementioned hyped IPOs failed to meet expectations, we’ll be watching this one closely to see how the market reacts.