(11)
‘unicorn’ means either: an undertaking founded after 31 December 1990, which had an initial public offering or trade sale above USD 1 billion; or an undertaking that has been valued at over USD 1 billion in its last private venture funding round, including where the valuation has not been confirmed in a secondary transaction;
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Source: EUR-Lex (Cellar) · retrieved 2026-11-08 · Text as adopted (Official Journal); later amendments are not incorporated in this text.