News Formal

Bird says business is rebounding. But Fidelity marked down shares.

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Business News News

As it prepares to go public, Bird says business is rebounding. But a big mutual fund marked down shares by half.

expected to close by the end of this quarter.One possibility is that Fidelity was reflecting the $2.3 billion enterprise value of the SPAC deal, which is below the $2.85 valuation it reached in January 2020, a 19% haircut

Mutual fund markdowns should always be taken with a grain of salt because it can be difficult to value illiquid assets. For instance, It's also worth noting that Fidelity has enough confidence in Bird to have recently acquired more shares.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

wow

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kim Kardashian Strips Down to Show Support for Sister Kendall Jenner's New Business - E! OnlineCan you Keep Up with Kim Kardashian's swimsuit swaps? Just days after stunning in a tiny bikini in Palm Springs, Kim K stripped down again to show support for Kendall Jenner's 818 tequila. The headline 🤣 Did she really “strip down to support”? Or was she already in her swim suit, also Kim loves to be nude, so not a real headline. The ROBERTO MANCINI(GRANDMOTHER SERBS FIUME'ISTRIA')the GARIBALDI ISTRIA - LONDON(LOOK MELANIE' 3,4,2,THE TIBET
Source: enews - 🏆 466. / 52 Read more »