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Freetrade Stock Trading App Slashes Valuation by £425 Million

Freetrade Stock Trading App Slashes Valuation by £425 Million
Amid a notable downturn in financial technology companies and a market slowdown, Freetrade, a stock trading startup, has reduced its valuation by 65%. The investment application prepares for a forthcoming crowdfunding campaign, thus revising its business valuation to £225 million. It is a significant drop from the previous £650 million reached in November 2021.Freetrade Cuts Valuation in Response to the Current Market EnvironmentAlthough the markdown by Freetrade seems drastic, it reflects curre... Read More
Posted: Jun 14 2023, 11:31
Author Name: financemagnates
Views: 122429

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