Business
Telstra Ventures thrives under pandemic’s need for speed – The Australian Financial Review
Having taken the refreshingly bold step of putting 32-year-old entrepreneur Bridget Loudon on its board, telco giant Telstra won’t need to look very far if it wants to find some more tech talent for its director ranks.
Telstra Ventures first invested in November 2014, and last Thursday night watched the stock finish its first day of trade at $US72.27, up from an issue price of $US24. The stock has since pushed even higher, to $US76.
The size of Telstra Ventures stake is not known, but the firms chief financial officer Geoff Dolphin says that having watched the valuation of US competitor Shopify soar as the pandemic turbocharged e-commerce, there were no fears about listing during a recession.
Telstra Venture…
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