Twilio (NYSE: TWLO) was one of the first successful tech IPOs this year. But its stock has been on a rollercoaster ride. Its share price shot up from $15 to $71 within a very short timeframe. However, over the past few months, it has seen a downward trend. >>>
According to eMarketer, about 8.7% of retail commerce all over the world is expected to be conducted online in 2016. While retail commerce is expected to grow 6%, online commerce is expected to grow much faster at 23.7% in 2016. The fast growth in online sales is the primary reason for the skyrocketing valuation of Billion Dollar Unicorn Club member Stripe, which facilitates payments over the Internet. >>>
According to a recent Business Insider report, global fintech funding had already reached $15 billion by mid-August 2016 from $19 billion in 2015. While the US and UK were once attractive hubs, the spotlight has now shifted to Germany and China. One beneficiary of this trend is Chinese financial vertical search platform Rong360.com, which recently joined the Billion Dollar Unicorn Club. >>>
Over the past decade, online dating has grown to become a multi-billion industry with millions of customers across the world. It is estimated to be worth $2.5 billion in the US alone. Match Group (NASDAQ: MTCH), the frontrunner in the highly fragmented industry, went public a year ago and is currently worth more than $4 billion. >>>
According to IDC, shipments of wearable devices grew 26.1% in the second quarter of 2016 to reach 22.5 million. Fitbit (NYSE:FIT) dominates the market with a 25.4% share while Xiaomi, Apple, and Garmin follow with 14%, 7% and 6.9%, respectively. >>>
According to a recent report by MarketsAndMarkets, the global flexible electronics market is projected to grow 21.7% annually to $13.23 billion by 2020. Billion Dollar Unicorn club member Royole Corporation is developing impressive products to cater to this growing demand.
According to a report by Coughlin Associates, the annual shipping capacity of magnetoresistive random access memory (MRAM) market is expected to grow from 240 TB in 2014 to between 15 PB and 35 PB in 2020. During the same period, the researcher expects revenues for the industry to grow from $300 million to between $1.35 billion and $3.15 billion by 2020. The recently listed EverSpin Technologies (NASDAQ:MRAM) is counting on this high growth industry.
According to Gartner, worldwide dollar-valued IT spending growth in 2016 is expected to register a slight decline of 0.3% over the year. Despite the weak forecast on enterprise spending, Billion Dollar Unicorn Infor appears to be doing rather well.