Wall Street anticipated several massively successful initial public offerings in 2019. Instead, investors received canceled offerings, multibillion-dollar devaluations, and a shift in the funding landscape. Investors are trying to diagnose what went wrong as once-exciting opportunities to buy shares of Lyft, Uber, WeWork, and Peloton soured. A lawyer, venture capital managing director, and the CEO of car-sharing startup Turo all chimed in on the state of the IPO, how it may change, and how...

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