FastForward Offers Small Investors Chance to Punt on Promising “Unicorn” Firms Alongside the Mega-rich
- February 13, 2016
- Posted by: Kerry Schneider
- Category: Investors
From: Daily Mail UK
By: Simon Watkins
There is a buzzword in finance that has taken off in the past year – ‘unicorn’. It is used in investment circles to indicate a company that is thought to be worth £1billion or more, but which is still privately owned, never having come to a public market.
Among the obvious examples are minicab service Uber, photo-sharing website Pinterest and video messaging app Snapchat.
Such companies may or may not have a long-term future, but what is notable about the unicorn phenomenon is that the companies have remained privately owned and that ordinary investors who might buy into young, innovative firms like these in the hope of high returns have been shut out.