Unicorn tally flat as startups turn to IPOs
- Posted on December 21, 2025
- By Financial Express
- 4 Views
Unicorn tally flat as startups turn to IPOs

Late-stage startups like Shadowfax and Smartworks are increasingly bypassing the $1 billion private valuation milestone in favor of earlier IPOs, signaling a mature era of capital discipline and realistic pricing aligned with public market benchmarks.