Tiger Global Rejects Hundreds of Offers for Its Stakes in Private Companies

Tiger Global Management turned down hundreds of bids for its private assets in recent months because it felt the offers were too low, according to people familiar with the matter.

The firm had explored selling hundreds of millions of dollars in stakes in mid- and late-stage startups to provide cash distributions to investors in some of its older funds — at a time when other exit opportunities such as initial public offerings are scarce, the people said. Some assets it looked to unload were bought in recent years at significantly higher valuations.