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Unicorn exits are taking flight.
With the IPO window wide open, an apparent record number of venture-backed companies privately valued over $1 billion have launched public offerings this year. Crunchbase data showsÂ 23 unicorn IPOsÂ globally so far in 2018, well outpacing full-year totals for 2016 and 2017.
Collectively, this yearâ€™s newly public unicorns are doing pretty well too. Most priced shares around or above expectations. Weâ€™re also seeing a lot of impressive aftermarket gains. At least six are currently valued at more than $10 billion.
Meanwhile, unicorn M&A volumes are chugging along as well, with at leastÂ 11 deals so far this year. Big transactions like Walmartâ€™s $16 billion acquisition of Flipkart and Microsoftâ€™s $7.5 billion purchase of GitHub have helped boost the totals.
It all adds up to some enormous numbers. Weâ€™ll delve into those in more detail below, focusing on year-over-year comparisons, geographic breakdown, biggest exits and more.