IN BRIEF: TMT Investments expects NAV rise from Bolt investment uplift

TMT Investments PLC - venture capital investor in high-growth technology companies - Notes that ...

Alliance News 2 August, 2021 | 6:21PM
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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

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
TMT Investments PLC 3.67 USD -0.27 -

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