Under pressure from China, Alibaba's market value has declined from a peak of $850B in October 2020 to ~$460B today; filings show T. Rowe and others cut stakes
Yifan Wang / Wall Street Journal :
Sources: Epic Games, which owns Fortnite, Unreal Engine, and Houseparty, is close to raising $750M at a ~$17B valuation, with investors including T. Rowe, KKR
- Epic owns Fortnite video game, Unreal Engine and Houseparty — T. Rowe, KKR, Baillie Gifford to participate in round
Glassdoor raises $40M led by T. Rowe Price Associates at a valuation of over $1B
BUT THERE'S A CATCH silicontap.com : Glassdoor Closes $40M In Funding Round Wall Street Journal : Glassdoor Raises $40 Million Amid Investor Skepticism Julie Verhage / Bloomberg : Glassdoor Raises New...
BlackRock, Fidelity, T. Rowe, and Wellington funds own stakes in at least 40 unicorns, 13 of them now valued 28% below the original purchase price on average
Mutual Funds Sour on Startup Investments — Fidelity, BlackRock and other giants cut value of their stakes at faster pace, make fewer new investments
T. Rowe Price Invests in Facebook
Mutual-fund company T. Rowe Price has invested in Facebook Inc., according to recently released filings, underscoring traditional investment vehicles' growing interest in hot technology companies. — ...