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Stock impact report

French Billionaire Families Buy Into Paris Venture Capital Firm [Yahoo! Finance]

Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A Ordinary Shares) (WDH) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Chicago Transit Faces ‘Doomsday Scenario,' Regional Agency Says LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs Why Did the Government Declare War on My Adorable Tiny Truck? New York Subway Ditches MetroCard After 32 Years for Tap-And-Go The clans are acquiring a 25% holding in the Paris-based investment company along with health insurer MACSF, according to a statement Monday that didn't include financial details. “Having French industry captains like the Dassault and the Saade families in our capital reinforces the confidence that investors and companies have in Founders Future,” said Marc Menasé, who founded the firm in 2018 to focus on early-stage tech startups. It currently has €300 million ($324 million) in assets under management. The Dassaults and the Saades are among France's wealthiest dynasties, with fortunes rooted in defense and shipping, respectively. R Show less Read more
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