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Unicorns see their green pastures drying up as investors tighten purse strings

Unicorns see their green pastures drying up as investors tighten purse strings

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The number of freshly minted unicorns — unlisted companies valued at $1 billion or more — is plummeting worldwide as investors have become more risk-averse amid concerns about a potential economic slowdown caused by monetary tightening in the U.S. and elsewhere.

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