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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Allianz AG | TG:ALV | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.70 | 0.65% | 265.00 | 264.70 | 265.30 | 267.30 | 263.80 | 264.00 | 76,364 | 22:50:03 |
--Allianz SE's venture-capital arm is looking to sell its stake of around 5% in N26 at a valuation of $3 billion, a steep discount relative to the $9 billion the fintech company was valued at in its last funding round in 2021, the Financial Times reports, citing unnamed sources.
--Allianz could fetch around $160 for its stake in the fintech, which would more than triple what it invested in N26 five years ago, according to the FT.
Full story: https://on.ft.com/41lOKRV
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
April 19, 2023 02:01 ET (06:01 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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