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.

Ride

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

Related