Leading US investor T. Rowe Price has written down its investment in Canva by an additional 30 per cent, signalling the private market tech correction is far from over.
It is the second mark down of Canva by T. Rowe Price, which in May lodged documents with the US Securities and Exchange Commission showing it had written down its investment across a variety of funds by 19.9 per cent.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
