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For companies courted by SPACs, the deal doesn't always go to the highest bidder

March 24, 2021

Management and boards of the companies considering the SPAC route are discovering that what matters most in a SPAC sponsor isn’t the valuation offered or even operational expertise.

WeWork's flop renews questions about mutual fund bets on unicorns

October 23, 2019

A series of high-profile flops by companies en route to IPOs this year is a telling reminder of the risks fund managers accept when blending high-flying private assets with stocks.

Does your mutual fund own Lyft?

March 28, 2019

As Uber dealt with the fallout of several high-profile missteps, Lyft grabbed market share in the US. It also gained some mutual fund investors.

High Fidelity: Meet the world's top backer of unicorns

September 12, 2017

Fidelity Investments may have the most unicorns in its portfolio, but a VC firm it is not.

VCs are safe from falling unicorn valuations

April 6, 2016

Several months ago, the headline and purpose of this story would have been to praise the most prolific unicorn investors. However, times and valuations have shifted and the venture market is wondering where the exposure is sitting, how this is going to hit venture returns and, finally, if this will chase the 'tourists' away.

Mutual funds mark down unicorns. So what?

November 23, 2015

There's been quite a storm set off with recent media reports covering the markdowns that Fidelity Investments has undertaken for private companies in its mutual funds. But the wrong picture may be getting painted to the public.