A Good Month for Unicorns

Hedge fund investors are celebrating recent developments involving Dropbox, Spotify, and Grab.

Stephen Taub June 15, 2018

Drew Houston (left), CEO and co-founder of Dropbox, and Arash Ferdowsi, co-founder of Dropbox, during the company’s initial public offering on March 23, 2018

(Victor J. Blue/Bloomberg)

The past couple of weeks have been eventful and lucrative for at least three current or former ‘Unicorns’ – private companies valued at $1 billion or higher – that are popular among hedge funds.Two ex-Unicorns that went public this year have recently zoomed up in

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