Singapore ranks 10th in global ranking of top unicorn-producing countries
In Asia, Singapore ranks third.
Singapore emerged amongst countries with the most number of unicorn companies, boasting a total of 15.
According to FOREX.com, Singapore ranks 10th in the global unicorn landscape and 3rd in Asia.
Whilst only placing 10th globally, Singapore’s impact on the overall valuation is noteworthy, constituting 2% of the total unicorn valuation worldwide.
The average valuation per unicorn in Singapore stands at $5.93b.
“Though Singapore's unicorn count is considerably smaller than that of the United States and China, its presence underscores the country's growing significance in the tech and innovation sectors,” FOREX.com stated.