Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

unicorn

So-called unicorns are private companies valued at more than $1bn.

 

unicorn in the news

In 2015, the FT reported that tech companies are raising private money through financing rounds rather than IPOs. For exampe, companies Uber, Snapchat and Pinterest all revealed large new rounds of private funding.

Seven weeks into 2015, late-stage tech companies had already raised $16bn, according to PrivCo, a research group. Crunchbase, another data group, estimates that the overall funding provided by venture...