Thursday, March 16, 2023

Stripe nearly halves valuation to $50 billion following $6.5 billion raise

Stripe's capital raise constitutes what is commonly known as a down round, where the latest funding fetches a lower valuation for the company than its previous fundraise.

from Tech-Economic Times https://ift.tt/tAXWhCZ

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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-...