Fintech

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

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

LSEG says its stake is now valued around £4m, down from £31m in 2023
LSEG says its stake is now valued around £4m, down from £31m in 2023 Photo: Mike Kemp/Getty Images

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.

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