Top Fund Managers Markdown Uber’s Valuation by Almost 15%
Top fund managers, Vanguard Group, Principal Funds and Hartford Funds have re-valued Uber downwards by 15% to $41.46 in June, according to the fund managers’ filing.
” Top Fund Managers Markdown Uber’s Valuation by 15% “
Another fund manager, T. Rowe Price Group lowered the value by 12% to $42.73 while Fidelity Investments retained its valuation at $48.77. The world’s largest asset manager, Blackrock, lowered its estimate marginally, maintaining the company value around $53.88. The company is privately held, and valuation of the popular car-sharing technology company ranges from $60 billion to $69 billion.
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