Unicorns May Go Public In 2016

 

Unicorn is also a term used to describe start-up companies that grow to valuations over $1 billion. Many of these companies get so big that they become public companies.

This year saw Shopify and Square had public offerings or IPO’s.  Uber has been very coy about going public. It continues to raise more money for its war chest and as a private company can indulge in testing other services without causing an uproar from shareholders. Airbnb has a $27 billion valuation and has been rumored to be going public since 2014. The chief executive officer and cofounder Brian Chesky says the company will only go public when it has a good reason. Pinterest has led the brand to a $15 billion valuation. Users stay on the site for almost 30 minutes at a time, making it a desired piece of Web real estate for promotional ads.