down round
noun1
Business, Finance A round of financing for a company that raises capital at a lower share price (or sometimes a lower company valuation) than the previous round.
- Despite the combined nearly $35bn write-off of supposed shareholder value, these “down round” IPOs are not being met with derision in Silicon Valley. Instead, they are a signal that rationality is slowly returning to venture capital.2024 March 16, Tabby Kinder, “Reddit IPO reveals reality check for Silicon Valley”, in FT Weekend (Companies & Markets section), London: The Financial Times Ltd., →ISSN, →OCLC, page 14: