Asia had more IPOs than other regions in Q1 2022, but its tally dropped from Q4 2021
Anna Heim
8 hours
Sometime in 2021, the world passed the 1,000-unicorn milestone. This was captured by Crunchbase’s private unicorn board, which is dedicated to tracking startups with valuations above $1 billion; the list kept on increasing and currently tallies 1,284 results.
One of the reasons that number keeps expanding is that new unicorns are being added to the list much faster than they leave it. In venture capital’s ideal world, more would be losing their unicorn status by going public. But that just hasn’t happened as often as needed to balance the unicorn birth rate that investors have funded.
The Exchange explores startups, markets and money.
Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.
It’s not just SPACs that have fallen out of favor almost as fast as they boomed — the IPO market has once again vanished. According to a recent EY report, a major IPO destination like London saw a major slowdown in listings this year. Globally, IPO deal volume in the first quarter fell 37% year on year.
However, there is one market where things appear brighter: Asia.
Earlier …
