2 ms·

surprised to see Zenefits on this list. I thought it was a highflyer.

• tomasien 11y ago
  According to accounts there were bidders from 2B to 3.5B and Fidelity came in at 4.5B at the last second to win the bid. The fact that they now wrote it down to the range others were bidding at is essentially meaningless.
  • JonFish85 11y ago
    Unless Fidelity honestly felt that the valuation was accurately represented as $4.5B, and now doesn't feel that way?
  • vasilipupkin 11y ago
    it's not meaningless. It's a data point that adds to support the theory that late stage private valuations are too high and companies should be going public sooner.