Record number of tech unicorns went public in 2018

Not since the dot-com boom have so many tech companies gone public with an initial valuation of more than USD 1 billion, new Wall Street Journal figures reveal.

Photo: /Ritzau/AP/Richard Drew

A huge number of tech companies valued more than USD 1 billion – so-called "unicorns" – became listed on stock exchanges in 2018 in the US.

According to The Wall Street Journal, citing figures from Dealogic, there were 38 IPOs this year where investors set the initial price tag even higher than this -- a situation not seen since the height of the dot-com boom in 2000.

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