$type=slider$meta=0$readmore=0$snippet=0$count=5$show=home

Stripe Valuation Marked Down 64% By T. Rowe Price Global Tech Fund

INDONESIAKININEWS.COM -  The valuation for payments company Stripe and other pre-IPO tech firms was cut by T. Rowe Price Group's Global ...



INDONESIAKININEWS.COM - The valuation for payments company Stripe and other pre-IPO tech firms was cut by T. Rowe Price Group's Global Tech Fund amid cooling investor appetite surrounding FinTechs.

According to regulatory filings, Stripe's valuation was marked down 64% to $23.04 per share as of June 30 by the $4 billion T. Rowe Price Global Technology Fund, following the prior price recorded at the end of 2021.

At the same time, the valuation for grocery delivery platform Instacart was also slashed, Bloomberg reported with the fund cutting the value of its stake in the grocery delivery service company by 40% to below $72.

Instacart investor Capital Group cut the delivery firm's valuation to $14.7 billion from Instacart's own calculation of $24 billion, PYMNTS reported in July. Capital Group put the shares at $45.84 at the end of June, the second Instacart investor to indicate that the valuation estimate was incorrect.

Fidelity Investments cut Stripe's valuation to $32.05 a share, Bloomberg reported. Other money managers, too, are reducing the value of tech firms in the mutual funds they oversee.

The reductions in valuations come as the tech-heavy Nasdaq 100 Index has been taking a hit, down 30% in the first six months of 2022. A slide in tech stocks pushed the Nasdaq to its worst session on Monday (Aug. 22) since June 28, CNBC reported on Tuesday (Aug. 23). The Nasdaq Composite index fell 2.5%.

“The global growth story is in shambles right now,” Ed Moya, a senior market analyst at Oanda, told CNBC. “That's what's really kind of weighing on risk appetite right now because you can't have the U.S. continue to be attractive while the rest of the world is crumbling.”

Because of this sentiment, pressure will continue to stay on big tech stocks, he said.

Source: pymnts


Name

Berita,23031,H,151,HUMOR,7,Internasional,807,Kesehatan,29,Nasional,22244,News,1358,OPINI,81,Seleb,3,Tekno,1,
ltr
item
IndonesiaKiniNews.com: Stripe Valuation Marked Down 64% By T. Rowe Price Global Tech Fund
Stripe Valuation Marked Down 64% By T. Rowe Price Global Tech Fund
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie1gtSS4D0elIg56-pRezaw7hwzSBxi9Az7V02v7SHX5Cu7pTDF8uarL6WLOYqbM18LAgV1xyeO5JaNafR7cSCDhqiQ-AJ679VeUjyDrtwPFCsOSRqtl8-i6lj1CaABnFiES3drv0oDeV0SugUud8mdY3bUoG3ViAAf6-IgVTEbDZSR51fNj5AW3P6jg/w640-h384/T-Rowe-Price-stripe-fund-share-price-stock-1000x600.jpg
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie1gtSS4D0elIg56-pRezaw7hwzSBxi9Az7V02v7SHX5Cu7pTDF8uarL6WLOYqbM18LAgV1xyeO5JaNafR7cSCDhqiQ-AJ679VeUjyDrtwPFCsOSRqtl8-i6lj1CaABnFiES3drv0oDeV0SugUud8mdY3bUoG3ViAAf6-IgVTEbDZSR51fNj5AW3P6jg/s72-w640-c-h384/T-Rowe-Price-stripe-fund-share-price-stock-1000x600.jpg
IndonesiaKiniNews.com
https://www.indonesiakininews.com/2022/08/stripe-valuation-marked-down-64-by-t.html
https://www.indonesiakininews.com/
https://www.indonesiakininews.com/
https://www.indonesiakininews.com/2022/08/stripe-valuation-marked-down-64-by-t.html
true
1493314966655697463
UTF-8
Loaded All Posts Not found any posts VIEW ALL Selengkapnya Balas Cancel reply Hapus Oleh Beranda Halaman Postingan View All RECOMMENDED FOR YOU LABEL ARCHIVE CARI ALL POSTS Not found any post match with your request KEMBALI KE BERANDA Minggu Senin Selasa Rabu Kamis Jum'at Sabtu Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy