As Stripe investor cuts stake, more evidence of pressure on fintech valuation TechCrunch

News that T. Rowe Price cut the value of its stake in fintech giant Stripe is making headlines this week, the new data comes on the heels of similar cuts by other investment houses in their ownership of late-stage startups.

However, while it is true that T. Rowe Price has reduced the value of its stake in Stripe, part of its Global Technology Fund, its latest reduction in value is not unique. It’s not just there Fidelity also disclosed that it now values ​​its Stripe stock at a discount to previous valuations, but the latest T. Rowe Price news also comes after a similar cut in March.

The streak is not under unique pressure; other fintech companies, both public and private, have seen their valuations cut by renewal 409A assessments, new rounds of funding, public offerings and a broader stock market selloff that in many cases has expanded fintech companies. (Recall Stripe’s interval evaluation dropped earlier this summer.)

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