But all year, there have been whispers that the real wave of VC-backed IPOs is still on the horizon. Now, it's starting to look very close indeed.
One reason for that is Lyft, which in a rather paradoxical move this week issued a press release announcing it has confidentially filed for an IPO with the SEC. While there were no indications of when such a listing might occur, the move seems to put Lyft at the front of a line of enormously valuable companies that are expected to go public next year. Ridehailing rival Uber is perhaps the primary example, but Airbnb, Palantir Technologies, Postmates and Pinterest are among the other unicorns that might take the leap in 2019.
If you just can't wait until the calendar page turns for a massive IPO, then keep an eye on the NASDAQ on Friday. That's set to be the first day trading for Moderna Therapeutics, a drug developer valued at over $7 billion with its latest round of venture funding. This coming surge in enormous offerings is one of six big things to know from the past week in VC: