{"id":12605,"date":"2023-02-21T19:30:07","date_gmt":"2023-02-21T19:30:07","guid":{"rendered":"http:\/\/TheNextWeb=1394266"},"modified":"2023-02-21T19:30:07","modified_gmt":"2023-02-21T19:30:07","slug":"values-of-european-unicorns-plunge-amid-sharp-fall-in-public-markets","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=12605","title":{"rendered":"Values of European unicorns plunge amid sharp fall in public markets"},"content":{"rendered":"\n

A rough year in public markets has taken a heavy toll on startups<\/a>. According to new research, every unicorn in Europe<\/a><\/span> that went public in 2021 has since shrunk in valuation.<\/p>\n

The losses follow record-highs for VC exit valuations in 2021. PitchBook<\/a>, a financial data firm, attributed the downturn to a shrinking public market.<\/p>\n

The company found that 13 unicorns went public during 2021\u2019s bull market and IPO frenzy. Yet none have gone on to have positive share price returns.<\/p>\n

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Their numbers paint a gloomy picture. By the end of 2022, more than half of them had lost over 75% of their market cap since going public.<\/p>\n

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<\/i><\/a>Every European unicorn that had a public listing in 2021. Credit: Pitchbook<\/figcaption>