30% of US tech unicorns will see valuation fall: report

San Francisco

NEARLY one-third of private tech companies in the US that have achieved "unicorn" status will eventually be worth less than US$1 billion, according to a report published on Tuesday.

The report from SharesPost Inc, a platform for investing in pre-IPO companies, provides a data-driven analysis of the unicorn market - both how it was created and how many will survive. Unicorns are venture-backed companies valued at US$1 billion or more in the private market.