Wednesday, July 13, 2022

Sequoia’s vaunted strategy feels the pain of tech stock selloff

Sequoia’s portfolio companies that listed in the US last year have lost more than $7.7 billion of market value since their debuts, according to a Bloomberg analysis of public filings. The declines were led by a $4.2 billion drop in the value of the firm’s IPO stake in Brazilian digital bank NU Holdings Ltd.

from Tech-Economic Times https://ift.tt/7x3Kl1V

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...