According to Mergermarket data, since 2010 there were 37 “unicorns” – private tech companies valued at USD 1bn or more – which successfully had an IPO. These unicorn IPOs appear to have reached a peak in 2013 and dropped off a bit since then, leading some to speculate as to whether such valuations are bubbles about to burst.
Take a look at the new Mergermarket infographic below to see the top five unicorn IPOs. The information shows that there is not much of a discernable pattern as to why some are valued as they are or are successful years after their IPO – thus adding further to the mythology of the elusive and difficult to pin down unicorn.
So is this proof of the bubble bursting?
The Mythology Of Unicorn IPOs