Dana Olsen June 23, 2017
Below are several well-known companies that are at least seven years old and have yet to exit. All have been subject to IPO rumors, but they seem to be part of the general trend toward delaying public offerings in favor of raising significant funding and increasing cash runways.
It’s true that venture-backed companies are taking an exceptionally long time to go public; there’s a stable of startups that have been around for nearly a decade (more, in the case of Qualtrics) but have yet to IPO. A notable exception is Blue Apron, set to make its debut next week. The provider of a meal kit subscription service was founded in 2012, putting it closer to the IPO timeline seen in 2006.