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Posts Tagged ‘ T Rowe Price ’

Morgan Stanley, Goldman Sachs to be lead bankers for Snapchat’s IPO

Thursday, October 13, 2016 | More »

Photo messaging service Snapchat is all set to hit the markets. With its initial public offering slated for March, Snap Inc, Snapchat’s parent, has shortlisted banks to lead and manage the exercise. Morgan Stanley and Goldman Sachs Group will lead the offering, a report by news agency Bloomberg ci...


Flipkart gets a valuation boost from Fidelity

After a string of six successive markdowns, Indian e-commerce giant Flipkart has received a welcome break from American mutual fund company Fidelity Investments. The US-based company’s Fidelity Rutland Square Trust II fund has hiked the value of its shares in the company. According to filings with...

28 July, 2016 | More »


Tech startups: Time for a reality check?

Has the moment of reckoning arrived for Indian internet companies? As India’s e-commerce poster boy Flipkart suffered its fifth markdown this week, this was the question that was on everyone’s lips. Around $5.8 billion has been shaved off its mid-2015 value of $15.2 billion when it last ...

28 May, 2016 | More »


Morgan Stanley now values Flipkart less than $10 billion

Indian e-commerce firm Flipkart has suffered its fifth markdown after a mutual fund managed by global financial services firm Morgan Stanley slashed the value of its stake in the company by 15.5%. The Morgan Stanley Institutional Fund Trust estimates each Flipkart share is worth $87.86 at the end of...

27 May, 2016 | More »


Markdowns haunt Flipkart again as two more investors slash stake value

A growing number of Flipkart investors are realising that India’s top e-commerce firm is overvalued, though there is no unanimity by how much. American mutual funds Fidelity Rutland Square Trust II and Valic Co. have joined US asset management firm T. Rowe Price and Morgan Stanley in reducing the ...

4 May, 2016 | More »


How T. Rowe Price’s markdown of Flipkart valuation differs from Morgan Stanley’s

American asset management firm T. Rowe Price has marked down the value of its investment in India’s top e-commerce firm Flipkart, becoming the second such investor after Morgan Stanley to do so. In its quarterly report for the period ended March 31, 2016, a public market fund managed by T. Row...

18 April, 2016 | More »


Enterprise data management firm Cloudera raises $160M from T Rowe Price, Google Ventures, others

California-based Cloudera Inc., a provider of enterprise data management solutions powered by open-source software Apache Hadoop, has closed a $160 million funding round led by US-based investment firm T Rowe Price, with participation from a private investment firm of Michael S Dell and his family, ...

19 March, 2014 | More »