The valuation represents a 31% increase from the $6.1 billion valuation the 13-year-old company achieved in April of last year, when it raised a $575 million round led by Franklin Templeton for partly the same purpose: purchasing shares from employees, including to help them cover the taxes associated with converting expiring restricted stock units (RSUs, a form of equity compensation) into shares.
"That temperature is pretty nice here, really," he says. "Minus five is as warm as it gets. It can get down to about -40, but you're looking at about -20 being the average."
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