In the first quarter of 2019, the total market value of the "Unicorn Company" reached $582 billion, the highest level ever.
The report shows that 10 new companies have valuations of $1 billion or more, including mattress startup Casper and cosmetics company Glossier.
The five most valued "unicorn companies" in the United States are: Uber, WeWork, Juul Labs, Airbnb and financial technology company Stripe.
As the number of “unicorn companies” continues to grow, it is expected that a number of technology companies will be listed. Companies that are expected to conduct initial public offerings (IPOs) include Airbnb, Uber and Slack. Earlier this year, Pinterest also applied for listing. Last month, the network car company Lyft has been listed.
The report found that IPO activity declined in the first quarter of this year. In the first quarter of this year, 15 companies conducted IPOs, and in the fourth quarter of 2018, 16 companies conducted IPOs. However, IPO activity has increased year-on-year, with 13 companies having IPOs in the first quarter of 2018.
The report also found that private companies generally go public at an earlier stage of their life cycle. In the first quarter of this year, the average establishment period of companies conducting IPOs was 5 years, down from 8 years in the fourth quarter of last year.
US venture capital funds increased from $22.8 billion in the first quarter of 2018 to $24.6 billion in the first quarter of 2019, and global financing increased from $49.4 billion in the first quarter of 2018 to $52.2 billion in the first quarter of 2019.