Shares of the Fundrise Innovation Fund fell sharply for a second straight day Friday, though remain well above the underlying value of its holdings in private tech firms including the potentially IPO-bound SpaceX and Anthropic PBC.
The closed-end fund sank 34% to $173 in New York, extending the prior day’s 31% slump. The pullback capped a wild week of trading since shares listed on the New York Stock Exchange on March 19.
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