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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
by 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 agoUnless Fidelity honestly felt that the valuation was accurately represented as $4.5B, and now doesn't feel that way?
- vasilipupkin 11y agoit'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.