Vacation rental site Airbnb is expected to be one of the biggest IPOs this year. The company may not have either confirmed or denied reports of an upcoming IPO, but the market is waiting eagerly for it to list so that they can cash in on its soaring valuation.
There is no other company that illustrates the roller-coaster ride of a Unicorn as graphically as the United Kingdom’s Powa Technologies. Powa had helped put London on the Unicorn map by becoming one of the few multi-billion dollar ventures. Then with not as much as a whimper, it transformed into a Unicorpse with investors still struggling to understand what went wrong.
According to a report by Grand View Research, the commercial drone market was pegged at $552 million in 2014 and was projected to grow 17% annually through 2022. Another report by the researcher estimates stellar growth in the consumer drone market, which is expected to be worth $4.19 billion by 2024. Overall, the drone industry is dominated by Chinese Billion Dollar Unicorn club member DJI.
The year 2017 started off with news of blogging platform Medium laying off 50 people or one-third of its staff because it is unable to make money selling ads. Since then, the media industry has been on tenterhooks. BuzzFeed also reduced its revenue projections by 50%. The latest news from Medium has renewed fears that the media industry is about to implode. >>>
Quote-to-cash SaaS player Apttus has been toying with the idea of going public for a while. In September 2016, the company made it clear that it will go public in the first half of 2017.
According to Gartner, the global database market is estimated to be worth $33 billion in 2015. The market was dominated by traditional relational databases back in the 1990s, but in the 2000s, innovative technologies such as document databases, NoSQL, in-memory, graph databases have become popular. One such pioneer in the industry is Neo Technology, which recently joined the Billion Dollar Unicorn club.
At the height of the popularity of flash sales sites, Fab.com was one of the hottest startups. Investors poured $336 million into it and its valuation skyrocketed to $1 billion. But in the end, it was acquired by PCH International for an estimated $15 million-$50 million. >>>
According to market reports, the healthcare costs in the United States grew 5% annually over the past ten year period to $3.2 trillion in 2015. The Centers for Medicare & Medicaid Services (CMS) expects the healthcare costs to continue to grow at 6% annually through 2024. Of the $3.2 trillion spend in the industry, the US federal government estimates that inaccurate provider claim submissions ranged from 3%-10%. Cotiviti Holdings is hoping to reduce this inaccuracy through its analytical engine.