Proof that the tech-unicorn IPO bubble is bursting

The valuations of WeWork, Peloton and little-known Australian unicorn iSignThis all point to the fact that the IPO bubble for so-called "tech" firms is bursting.

A WeWork office © Scott Olson/Getty Images

WeWork: investors are beginning to get wise to this kind of nonsense
(Image credit: A WeWork office © Scott Olson/Getty Images)

Is the unicorn IPO bubble bursting? It might be. If it is, the turn will have been marked by the attempt to start the process of listing WeWork (technically The We Company) for a silly sum this month.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.