News that T. Rowe A price cut by fintech giant Stripe is making headlines this week, with the new data point following similar reductions in other investment houses’ ownership of late-stage startups.
However, while T. Rowe Price has cut its share price on Stripe, part of its global technology fund, the latest price cut is not unique. Fidelity said it now views Stripe shares at a discount to previous indications, but the latest T. The Rowe Price news comes after a similar offer was made in March.
Scratch is not under special pressure; Financial technology companies have expanded in many respects while other fintech companies have seen both public and private valuations driven by improved 409A valuations, new funding rounds, public offerings, and a broad selloff in the stock market. (Remember that Stripe’s interval review was rejected earlier this summer.)
