There’s a wave of pre-IPO startups with pandemic-era price tags stuck in limbo right now

• There is a wave of pre-IPO startups touting lofty valuations stuck in limbo right now.
• Late-stage investors are waiting for their pandemic-era bets to grow into their inflated price tags.
• But some may never reach those heights, leading to secret deals and bankruptcies.

There is a wave of pandemic-era startups stuck in limbo right now.