Stableton Unicorn Index AMC Update - December 2023

We are excited to share the December edition of Stableton Unicorn Index Investor Update, where we provide a monthly update on performance, portfolio components, company insight, and relevant industry developments.

• Generative AI frontrunners OpenAI and Amazon-backed Anthropic, are now part of the Morningstar® PitchBook® Unicorn Select 20 Index™. With about three-quarters of the Index companies either 100% focusing on AI or using AI as a fundamental component of their technology and services, the Stableton Unicorn Index AMC is perfectly positioned to capitalize on this trend.

• SHEIN has confidentially filed for an initial public offering (IPO) in the U.S. The company is poised poised to make a significant entry into the public markets, with expectations of trading starting as early as 2024.

• Stripe swung back to profit after cost-cutting, while still growing revenue by 35% in Q3.

• Epic Games scored a major victory over Google in their antitrust battle, challenging the mobile app ecosystem's dominant 30% commission model.