Tuesday, July 22, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Secondaries investors say some valuations are still too high

Simon Osuji by Simon Osuji
December 19, 2023
in Creator Economy
0
Secondaries investors say some valuations are still too high
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Startup valuations — especially at the later stages — have come down drastically over the last year and a half of the ongoing market correction. Companies that once boasted sky-high valuations like Klarna and Getir have seen their valuations slashed in their latest funding rounds.

Outside of Klarna and Getir, though, very few late-stage companies have raised new primary rounds since the booming 2021 market. This means secondary data is one of the few sources where the market can turn to get a feeling of what investors think these companies are really worth today. Spoiler: Nobody thinks they are still worth their 2021 price tag.

For example, neobank Chime, a 2021 IPO hopeful, was valued at $6.5 billion in a secondary deal that closed on Monday, according to data from Caplight. This is a noticeable haircut from the $25 billion valuation it garnered in 2021. Crypto exchange Kraken was valued at $1.4 billion in a recent secondary sale, well below its last primary round valuation of $10 billion.

That got me wondering: Are late-stage valuations as low as they are going to go? Market signals would imply that may be the case; the IPO window seems to be on track to open back up in 2024, and the public markets are starting to regain ground.

A recent survey of venture secondaries investors found that for those who focus on the industry, many think prices may still have room to drop.

Source link

Related posts

Quip is a smart clipboard management app for iOS and Mac

Quip is a smart clipboard management app for iOS and Mac

July 22, 2025
Her High School Side Hustle Is On Track for 7-Figure Revenue

Her High School Side Hustle Is On Track for 7-Figure Revenue

July 21, 2025
Previous Post

Cybercrime Decree Used Against Critics

Next Post

Beeper’s iMessage Fight With Apple Has Blown Up Into a Debate Over Regulating Big Tech

Next Post
Beeper’s iMessage Fight With Apple Has Blown Up Into a Debate Over Regulating Big Tech

Beeper’s iMessage Fight With Apple Has Blown Up Into a Debate Over Regulating Big Tech

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Naivasha To Host The Kenya Air Force Commander’s Cup This Weekend.

Naivasha To Host The Kenya Air Force Commander’s Cup This Weekend.

2 years ago
Diversity, Equity, Inclusion: Shaping Tomorrow at GTCUW: Shannon & Sherry

Diversity, Equity, Inclusion: Shaping Tomorrow at GTCUW: Shannon & Sherry

2 years ago
DCD provides Sherp all-terrain vehicle for KZN disaster relief following heavy snow

DCD provides Sherp all-terrain vehicle for KZN disaster relief following heavy snow

10 months ago
OpenAI Says DeepSeek Copied, Profited Off Its Work

OpenAI Says DeepSeek Copied, Profited Off Its Work

6 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Tanzania’s natural gas sector goes global with Dubai deal

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.