On December 8, according to Bloomberg, Ripple included a clause in its recent $500 million stock sale at a $40 billion valuation, allowing investors to sell back shares at a higher price. This essentially provides a profit protection mechanism for investors, including Citadel. As previously reported by BlockBeats, and according to CNBC, digital asset and infrastructure company Ripple announced in early November that it had completed a $500 million fundraising round, raising the company’s valuation to $40 billion. This round was led by funds managed by the following institutions: Fortress Investment Group affiliate funds, Citadel Securities affiliate funds, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
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Bloomberg: Ripple’s Recent $500 Million Fundraising Includes “Investor Profit Protection” Clause
On December 8, according to Bloomberg, Ripple included a clause in its recent $500 million stock sale at a $40 billion valuation, allowing investors to sell back shares at a higher price. This essentially provides a profit protection mechanism for investors, including Citadel. As previously reported by BlockBeats, and according to CNBC, digital asset and infrastructure company Ripple announced in early November that it had completed a $500 million fundraising round, raising the company’s valuation to $40 billion. This round was led by funds managed by the following institutions: Fortress Investment Group affiliate funds, Citadel Securities affiliate funds, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.