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Jun 25 2020, 14:20 IST/BST
We think today’s Series D funding round, led by Fidelity Management Research Company (FMR), is supportive of Poseida’s potential near-term IPO. Malin has not participated in this round and has indicated that it will not materially increase the value of its investment in Poseida. We therefore estimate Malin’s stake has moved from c.23% to c.19% on a revised implied value of Poseida of greater than $650m.
Jun 25 2020, 14:20 IST/BST