Headline Details

Fidelity marks down stake in pre-IPO startups Cloudera, Dropbox

Published on: Wed, 30 Mar 2016 17:49:40 UTC
News Agency: Reuters
Description:
BOSTON (Reuters) - Fidelity Investments has slashed its estimated valuation of technology companies Cloudera and Dropbox, a report on Wednesday showed, in the latest indication of concern over the high prices of startups that have raised many millions from private investors, but delayed going public.

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