Valuable Immigrant-Founded Startups Coming To U.S. Stock Market
The news of potential initial public offerings (IPOs) for many immigrant-founded companies comes at a time when a study from the National Foundation for American Policy finds that 55%, or 50 of 91, of the country’s $1 billion startup companies had at least one immigrant founder. Many of these immigrant-founded companies are valuable. “The collective value of the 50 immigrant-founded companies is $248 billon, which is more than the value of all the companies listed on the stock market of many countries, including Argentina, Columbia, Peru, Portugal and Ireland,” according to the research. The $248 billion figure likely underestimates the underlying value of these 50 companies.