Melbourne-based unicorn Culture Amp has almost halved the value of its ordinary shares to reflect a sharp fall in global software stocks during the first half of this year.
The Blackbird Ventures and Hostplus-backed start-up booked a 7 per cent increase in revenue to $189 million from the sale of its HR software during the financial year. However, the financial statements revealed it cut the share price used to calculate the value of staff options by 46 per cent.
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