Snap Inc. and Blue Apron Holdings Inc. were supposed to herald a return of the great technology IPO. They have instead become vehicles of market dismay. Both companies now trade well below their initial public offering prices. More disturbingly for venture-capital investors, those prices are below what some paid for their pre-IPO stakes. The result is renewed doubt about valuations across Silicon Valley’s private companies, whose...

Source: Wall Street Journal August 01, 2017 10:52 UTC