Tiger Global races ahead of SoftBank, Tencent in VC deals

Hedge funds overheat unlisted stocks like 'tourist investors,' market watchers say

20211223N Nasdaq Coinbase REUTERS

Coinbase listed on Nasdaq this year. Hedge fund Tiger Global backed the U.S. cryptocurrency exchange. © Reuters

TAKENORI MIYAMOTO and YUTA KOGA, Nikkei staff writers

NEW YORK/TOKYO -- As global investment in unlisted stocks surged in 2021, one name stood out for its frenetic pace of venture capital dealmaking: Tiger Global Management.

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