Two of the biggest tech IPOs anticipated for the fourth quarter are, like Alibaba, e-commerce companies: Boston-based Wayfair, which sells home furnishings, and Berlin-based Zalando, which focuses on apparel and shoes.
Both companies are seeking valuations in the billions of dollars, people familiar with the deals have said.
Wayfair, which will list in the U.S., is getting ready to launch its IPO but doesn't want to compete with Alibaba for the attention of bankers or investors, people familiar with company executives' thinking said. It will likely wait to begin its so-called roadshow, when shares are pitched to potential investors, at least until later in September, they said.
I have started to worry that instead of being in the press box for a Major League Baseball game, all of us who observe and cover the Boston tech scene are instead sitting in the aluminum bleachers of a Little League match that will end with a 24-19 score, and all of the players getting a trophy.
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