Bailador Technology Investments (ASX:BTI) said the carrying values of its investment in Updoc rose 50% and its investment in Mosh rose 33.3%, effective Dec. 31, 2024., according to a Friday Australian bourse filing.
Bailador invested AU$20 million in Updoc in May 2024 and the valuation rose by 50% to AU$30 million. This represents an increase to Bailador's pre-tax net tangible assets of AU$0.068 per share.
The valuation of Mosh increased by 33.3% from AU$7.5 million to AU$10 million, representing an increase to Bailador's pre-tax net tangible assets of AU$0.017 per share.
The firm's shares rose over 2% in recent trade on Friday.
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