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Pin to quick picksTmt Investments Share News (TMT)

Share Price Information for Tmt Investments (TMT)

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Share Price: 3.74
Bid: 3.60
Ask: 3.80
Change: -0.11 (-2.89%)
Spread: 0.20 (5.556%)
Open: 3.74
High: 3.74
Low: 3.74
Prev. Close: 3.81
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IN BRIEF: TMT Investments expects NAV rise from Bolt investment uplift

Mon, 02nd Aug 2021 19:21

TMT Investments PLC - venture capital investor in high-growth technology companies - Notes that portfolio company Bolt, a ride-hailing and food delivery firm, has raised EUR600 million through an equity finance round led by Sequoia Capital.

The fundraise reflects a substantial valuation uplift of USD30 million in value of TMT's investment in bolt, compared to the valuation at December 31.

The value uplift is expected to cause a significant rise in the company's net asset value.

Current stock price: USD11.30, up 7.1%

Year-to-date change: up 42%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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