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Name | Symbol | Market | Type |
---|---|---|---|
Allianz SE (PK) | USOTC:ALIZY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.53 | 1.75% | 30.89 | 30.55 | 31.13 | 30.89 | 30.48 | 30.5099 | 63,679 | 18:16:13 |
--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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