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