May Raise Money at Significant Discount to Previous Valuation: Bloomberg

The company was valued at $14 billion in a funding round earlier this year, but may only fetch $3 billion to $4 billion, the publication reported.

AccessTimeIconOct 26, 2022 at 9:58 p.m. UTC
Updated May 9, 2023 at 4:00 a.m. UTC, the cryptocurrency financial-services company that was valued at $14 billion when raising capital early this year, might only fetch $3 billion to $4 billion in a new funding round, Bloomberg reported, citing sources it didn't identify.

Nothing has been locked down and talks to raise money are still preliminary, Bloomberg said.


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