A stable for unicorns
THE UK IS punching its weight when it comes to building ‘unicorns’, namely fast growing businesses valued in excess of $1bn-plus. Technology advisory GP Bullhound says the UK boasts 22 of the 57 such companies in Europe, significantly outpacing entrepreneurial hubs Germany (7), Sweden (7) and Israel (5).
UK listed unicorns include ASOS (ASC:AIM), Boohoo (BOO:AIM), Just Eat (JE.), Purplebricks (PURP:AIM), Rightmove (RMV) and Zoopla – now called
ZPG (ZPG). Other popular UK names not listed on a stock market include Deliveroo, Funding Circle, Shazam, Skyscanner and Wonga.