Uber. WeWork. SoftBank. Even Tesla. After a decade in which private markets have overwhelmingly funded the most innovative and dynamic companies in the world, public markets are having their day, and showing what they're capable of.
Driving the news: Uber will go public this week in the most feverishly anticipated IPO since Facebook. (Let's hope it goes better than that fiasco.) It's probably going to end up raising somewhere in the region of $9 billion. To put that in context: The company has raised about $20 billion to date and is currently sitting on about $6.4 billion in cash. So while the public markets are providing a lot of capital, they're still providing less than private investors have done over the years.