Despite its new, bigger headline number, Plaid is still valued at 40% below its $13.4 billion peak in 2021, when ultra-low interest rates drove a massive surge in fintech valuations.
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The ex-boss of NewJeans' record label has offered to forgo a 25.6bn won ($17.9m; £13.2m) payout if entertainment giant Hybe drops all lawsuits against the K-pop group.