BlackRock CEO Larry Fink said on CNBC Tuesday that low and negative interest rates have led to bloated valuations.
Companies should be going public sooner, BlackRock CEO Larry Fink said on CNBC Tuesday. The head of the largest asset manager said there was too much money being poured into private growth valuations, and now they're being"reset." Several cash-burning companies like Uber raised billions in private venture funding reaching massive valuations before stumbling in the public markets following their initial public offerings.
Companies should be going public sooner, BlackRock CEO Larry Fink said on CNBC Tuesday. The head of the largest asset manager said there was too much money being poured into private growth valuations, and now they're being"reset." Several cash-burning companies like Uber raised billions in private venture funding reaching massive valuations before stumbling in the public markets following their initial public offerings.
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