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Stripe's valuation was just slashed 20% by another big mutual fund

Por: Business Insider Business January 26, 2023

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Mutual funds are continuing to prune the valuations of startups they invest in, and Stripe is once again feeling the heat.Principal's large-cap growth fund, which is sub-advised by T. Rowe Price and Brown Advisory, just slashed the valuation of the fintech startup by nearly 20% at the end of 2020. It marked down the value of its shares of Stripe from $2,629,463 at the end of November to $2,112,472 at the end of December.Given... + full article



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