T Rowe Price news and trends

Fidelity, BlackRock Delve Into TikTok for Younger Investors
Business // May 12, 2022

Big financial firms, not native to youth-oriented social media like TikTok, are nonetheless making their ways in, Reuters wrote Thursday (May 12). “FinTok” influencers, not working for any company, have big audiences the companies want to tap into. The influencers include Mark Tilbury (@marktilbury, 7...

Report: Temasek, T. Rowe May Join PIPE For Grab’s Merger With SPAC
International // April 09, 2021

Grab Holdings Inc. has garnered the interest of Temasek Holdings Pte and T. Rowe Price Group Inc. for its intended business combination with a special purpose acquisition company (SPAC), Bloomberg reported, citing unnamed sources. The unnamed sources told the news outlet that the companies have made...

DoorDash Raising $400M On $16B Valuation
Investments // June 18, 2020

DoorDash said it is raising roughly $400 million in Series H financing led by new investors Fidelity Management & Research Co. as well as Durable Capital Partners LP in addition to current investors, accounts and funds that T. Rowe Price Associates, Inc. advises. The financing...

New Funding To Make DoorDash A $15B Company
Investments // June 12, 2020

DoorDash Inc. is expected to receive new funding that would value the nation’s largest on demand meal delivery company at $15 billion even before the deal closes, The Wall Street Journal reported. As deals happen across the industry, the San Francisco-based company plans to sell...

Quick Reads
Stripe Valuation Marked Down 64% By T. Rowe Price Global Tech Fund

August 23, 2022
The valuation for payments company Stripe and other pre-IPO tech firms was cut by T. Rowe Price Group‘s Global Tech Fund amid cooling investor appetite surrounding FinTechs.   According to regulatory filings, Stripe’s valuation was marked down 64% to $23.04 per share as of June 30 by the $4 billion T. Rowe Price Global Technology Fund,  […]

Fidelity, BlackRock Delve Into TikTok for Younger Investors

May 12, 2022
Big financial firms, not native to youth-oriented social media like TikTok, are nonetheless making their ways in, Reuters wrote Thursday (May 12). “FinTok” influencers, not working for any company, have...

Report: Temasek, T. Rowe May Join PIPE For Grab’s Merger With SPAC

April 09, 2021
Grab Holdings Inc. has garnered the interest of Temasek Holdings Pte and T. Rowe Price Group Inc. for its intended business combination with a special purpose acquisition company (SPAC), Bloomberg reported,...

DoorDash Raising $400M On $16B Valuation

June 18, 2020
DoorDash said it is raising roughly $400 million in Series H financing led by new investors Fidelity Management & Research Co. as well as Durable Capital Partners LP in addition...