As Stripe investor slashes its stock, more evidence of fintech valuation pressure – TechCrunch

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

However, while it’s true that T. Rowe Price has reduced the value of its holdings in Stripe, which is part of its Global Technology Fund, its recent reduction in value is not unique. Not only does it have Loyalty also revealed that it now values ​​its Stripe stock at a discount to previous ticks, but the latest news from T. Rowe Price also comes after a similar cut in March.

The belt is not under special pressure. other fintech companies, both public and private, have seen their valuations slashed by the review 409A assessments, new rounds of financing, public offerings and broader stock market sales that have in many cases expanded financial technology companies. (Remember that Stripe interval estimation decreased earlier this summer.)

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