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LSEG slashes PrimaryBid valuation by 87% in blow to capital markets fintech

City Correspondent

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The London Stock Exchange Group has written down the value of its stake in retail investment platform PrimaryBid by 87% in a major blow to the fintech.

LSEG said its holding had a fair value of £4m at the end of 2024, down from £31m a year earlier, according to the exchange group’s annual report.

The SoftBank-backed firm was once worth $715m. Its implied valuation is now just £56m

Lars Mucklejohn

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