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MarketScreener Homepage  >  Equities  >  Nasdaq  >  T. Rowe Price Group Inc.    TROW

T. ROWE PRICE GROUP INC.

(TROW)
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Colombia's Rappi raises over $300 million in funding round

09/24/2020 | 05:45pm EST
The logo of the Colombian on-demand delivery company Rappi is seen in Bogota

Colombian all-purpose delivery app Rappi has raised over $300 million (£235.3 million) in a funding round that saw interest from T. Rowe Price Associates, Inc, among others, the company said on Thursday.

"We are happy to work with this team of investors who trust our growth model, who believe in our region and the role we are playing," the company said in a statement.

According to a document published by the U.S. Securities and Exchange Commission (SEC) on Sept. 18, Rappi looked to raise $350 million in the funding round.

In that document, the SEC said Rappi had raised $155.9 million.

The firm did not immediately disclose what investors will receive.

The company, which was founded in 2015, has received investment worth $1 billion from SoftBank, the bank's first investment in Latin America.

Rappi, which operates in nine countries across Latin America, is valued at around $3.5 billion.

As well as Softbank, Rappi's other investors include Andreesen Horowitz, DST Global, Delivery Hero, Y Combinator and Sequoia Capital.

(Reporting by Nelson Bocanegra; Writing by Oliver Griffin; Editing by David Gregorio)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DELIVERY HERO SE 0.42% 99.26 Delayed Quote.40.08%
SOFTBANK CORP. 1.07% 1280 End-of-day quote.-12.30%
SOFTBANK GROUP CORP. 1.74% 7381 End-of-day quote.55.19%
T. ROWE PRICE GROUP INC. 1.74% 149.57 Delayed Quote.19.42%
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Financials (USD)
Sales 2020 6 074 M - -
Net income 2020 2 110 M - -
Net cash 2020 2 068 M - -
P/E ratio 2020 16,0x
Yield 2020 2,46%
Capitalization 33 175 M 33 175 M -
EV / Sales 2020 5,12x
EV / Sales 2021 4,72x
Nbr of Employees 7 635
Free-Float 98,3%
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Technical analysis trends T. ROWE PRICE GROUP INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 145,53 $
Last Close Price 146,51 $
Spread / Highest target 16,0%
Spread / Average Target -0,67%
Spread / Lowest Target -14,7%
EPS Revisions
Managers
NameTitle
William Joseph Stromberg Chairman, President & Chief Executive Officer
Céline Dufétel Chief Financial Officer, Treasurer & VP
Nigel K. Faulkner Head-Global Technology
Robert F. MacLellan Independent Director
Mary K. Bush Independent Director
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