Tiger Global slashes OpenSea valuation to $3 billion
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Tiger Global has reduced the value of its interest in OpenSea by 76% to 302 billion from $126.8 million. Based on this calculation, Tiger Global has lowered OpenSea's valuation to 3 billion. As previously reported, OpenSea announced in January 2022 that it had completed a $300 million Series C round of financing at a post-investment valuation of $13.3 billion, led by Paradigm and Coatue, and participated by Tiger Global and others.
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