Desi investors make a beeline for Uber, Airbnb, other unicorn IPOs in US

Wealthy clients want a piece of Uber, Pinterest and Airbnb, which are set to make their market debut

Domestic investors have set their eyes on marquee unicorns — a term used for privately held start-ups with valuations of over $1 billion — that are making a beeline to offer their shares through initial public offerings (IPOs). In the coming months, companies like Uber, Airbnb, and WeWork will launch their maiden offerings in the US. While these IPOs are already creating a buzz the world over, India isn’t far behind.

Domestic brokers and wealthy managers say they are being inundated with enquiries from clients wanting to invest in these companies, either in the IPO or post-listing. Notwithstanding the fact