It’s a privately owned, start-up with a value of $1 Billion or more. There are 91 companies in the world with this status. Most of these are from China and then the US. The UK with 8 has the most unicorns in Europe. UBER, airbnb and Deliveroo are all unicorns. 

Many unicorns will go on to become public companies. We have a guide on that. 

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