Expect 'unicorn' valuations to be lowered: Ratan Tata

Singapore

EXPECT some "unicorn" valuations to be adjusted downward soon.

Mr Ratan Tata, chairman emeritus of India's Tata Sons and a fervent angel investor, referring to global private companies valued at US$1 billion or more, said it was not that their valuations are excessive, but that in some cases, well-funded investors who bought into them had just wanted a piece of the action.