A New Crop of Fintech IPOs Will Face Skeptical Investors

While there’s no shortage of financial technology startups, few have been brave enough to enter the public market in the U.S. That’s likely to change in the next 12 to 18 months. There are now close to 30 private fintech startups with valuations at or above $1 billion, according to data platform PitchBook. The question now is what happens to those billion-dollar-plus valuations when the public gets a look at the companies’ financials and growth projections. In the past, fintech companies haven’t fared too well. Based on where some funding rounds have priced fintech companies, the trend of lower valuations in the public markets seems likely to continue.

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