Fund managers waiting out high-profile unicorn IPOs after string of flops

NEW YORK (Reuters) - A deep disconnect between private market valuations of companies and the prices their shares fetch on the open market is pushing more mutual fund managers to the sidelines during high profile IPOs, anticipating the newly listed stocks will inevitably fall. The war over what a company is worth comes as a generation of Silicon Valley darlings exit the insulated world of venture capital, where investors are more focused on a company's growth and potential, and enter the public..