Unicorn Comeback Helps Tiger Global, Viking, Valiant, and Others

After the IPOs crashed last year, a turnaround is in the offing.

(David Paul Morris/Bloomberg)

(David Paul Morris/Bloomberg)

Hedge funds that bet big on last year’s unicorn IPOs took a beating when the stocks tanked last year. But so far, all but one of them are coming back — a welcome relief to hedge funds like Tiger Global Management, Viking Global Investors, Valiant Capital Management, Glade Brook Capital Management, and others.


To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.