Booming investor interest in technology-linked private equity investments have fostered an army of start-ups and aspiring entrepreneurs, with some private companies enjoying record-breaking valuations.
But a growing number of investors believe the upsurge is unsustainable and predict an oncoming collapse in the valuation of many so-called “unicorns”, in a manner reminiscent of the popping of the dot-com bubble in April 2000.
“Thank God Thailand doesn't have unicorns because that's the next big bubble that's going to burst,” said Paul Gambles, director of MBMG Investment Advisory, at the Institutional Investment Forum Thailand on October 10.
Unicorns are defined as privately held companies valued at over...
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