The tortoise and the hare ... and the unicorn
Where will private market unicorns finish in the race between the public market tortoises and hares? ApeVue looks at data from the opaque private markets for answers.
The old fable of the tortoise and the hare teaches us that slow and steady wins the race, and this holds true year-to-date when looking broadly across the public and private equity markets. Comparing between their animal likenesses, the “creep” of tortoises might be represented by the Dow Jones Industrial Average 30, the “drove” of hares could be seen as the Nasdaq, and the “blessing” of unicorns entering the race would be represented by the ApeVue50.
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