10 unicorn tech startups had major exits last quarter - and the biggest was worth $53 billion
AP / Leo Correa
The startup market has reached a point of maturity, with more and more startups seeing their valuations explode thanks to fruitful initial public offerings and acquisitions, according to Goldman Sachs' Views from the Valley report, published last week.
Despite a name that indicated uniqueness, quite a few startups are unicorns - private companies valued at $1 billion or more. In recent months, the number of unicorns has nearly tripled, rising from 54 at the beginning of 2017 to 158 in the second quarter of 2018, according to the report.
But as the market gets more mature, the number of new unicorns is decelerating. Between 2014 and 2016, there was an average of 15 to 16 new unicorns each quarter. Now, there is an average of 5 to 6, though Q2 2018 only saw one new unicorn: the gaming communication software company Discord, which was last valued at $1.6 billion.
Meanwhile, more and more of these $1 billion+ companies have seen big exits in the last few months, both through IPO and acquisition.
In Q2 2018, 10 of these unicorn tech startups had major exits. These were the biggest exits, according to Goldman Sachs:
Get the latest Goldman Sachs stock price here.
Spotify was worth $29.5 billion when it went public
DocuSign was valued at $4.5 billion when it went public
Avast Software went public with a valuation around $3.08 billion
Pluralsight was valued around $2 billion in its IPO
GreenSky went public at a $4.4 billion valuation
GitHub got acquired by Microsoft for $7.5 billion
Adyen went public in June at a $8.3 billion valuation
AppNexus was acquired by AT&T for a reported $1.6 billion
The most expensive deal was Xiaomi, which went public with a value of $53 billion
U51.com went public at a $1.4 billion valuation
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