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Unicorns get haircuts in a year of IPO disappointments

This year was supposed to be one of the best ever for IPOs, but then investors suddenly started focusing on profits

Lyft CEO Logan Green (C) and President John Zimmer (left C) ring the Nasdaq opening bell celebrating the company's initial public offering in March
Lyft CEO Logan Green (C) and President John Zimmer (left C) ring the Nasdaq opening bell celebrating the company's initial public offering in March Photo: Getty Images

After years of waiting, public investors in 2019 finally got the chance to put their money into a class of US startups famed for transforming industries over the past decade.

They balked.

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