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The surge in the number of unicorns(2)
Kind: ICD What's New  Organization: Department of International Cooperation  Publish Date: 2020-01-10 17:00
The surge in the number of unicorns

Media have pointed out that unicorns’ funding source is often venture capital or private equity. Many backers invest in financing series A, B and C rounds to drive up a startups’ valuation and make a profit from the next buyer. Their last mile is to let the startups undertake an initial public offering. Under pressure from backers, many startups list before their businesses have matured.

Business Insider reported in 2019 that more than 100 unicorns were expected to list during the year and that the market was worried about a wave of unicorn listings, which was compared to the dotcom boom of the late 1990s that turned to bust in 2000. In that year, 81 percent of the Internet companies that listed were losing money at the time. In the first three quarters of 2018, the figure was 83 percent.

Sources: CB Insights, Business Weekly, Financial Times, Economist

Update: 2019-06-17
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