Wednesday, December 2, 2015

Fidelity boosts value of pre-IPO Roku and Nutanix, sours on Delphix

BOSTON Dec 1 (Reuters) - Fidelity Investments recently boosted the estimated value of video streaming device maker #Roku Inc and storage startup #Nutanix Inc by more than 20 percent, underscoring how some pre-IPO companies continue to shine in a sector that has hit a rough patch.

Boston-based Fidelity, for example, slashed the value of Delphix Corp. by 43 percent in October, according to U.S. regulatory filings. The cut comes just months after Fidelity led a $75 million round of funding in Delphix, which provides data as a service.

Meanwhile, also in October, Fidelity raised its valuation of Roku by 35 percent, according to the company's latest fund holding disclosures. Its valuation of Nutanix rose 23 percent in October.

http://mobile.reuters.com/article/idUSL1N13Q1QP20151201

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