Tuesday, December 7, 2021

Spinny becomes 42nd unicorn of 2021, raises $283m from ADQ, Tiger Global others

Spinny becomes 42nd unicorn of 2021, raises $283m from ADQ, Tiger Global others The round saw investments from Abu Dhabi’s ADQ, existing backers Tiger Global Management and Avenir Growth, and Feroz Dewan’s Arena Holdings and Think Investments, valuing Spinny at $1.8 billion

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...