The coming year promises to be an eventful one, with IPOs being undertaken by major American and Chinese start-ups. More than 20 unicorns are planning to take this step in the near future, including Airbnb, WeWork, DiDi, and Uber. Lyft, Pinterest, Zoom have already launched their IPOs. However, expectations and often be misguided: as some companies grow in value, share prices in others fall. What factors are behind fluctuating share prices, and how is the situation likely to unfold in the future? How justified are market evaluations of companies? In which segments can we expect to see most activity from investors?