Interesting17 Mar 2021 22:19
Another company which has kept investors on hold for the longest time has been tech company investor Tern (TERN). Here some investors were betting on the Internet of Things company actually delivering a liquidity event, rather than a fund raise to develop one of its investee companies. Given that it is now 2021 and Tern has presumably enjoyed the massive re-rate of its technology assets since the pandemic began 12 months ago, it could very well be that at least one of these companies has reached the kind of valuation which it might deem as sufficient to merit consideration for an exit. Shares of Tern soared 35% higher.