Fidelity may make pre-IPO investment in HootSuite Media

Canadian social relationship platform HootSuite Media is expected to soon secure financing from U.S. mutual fund and financial services firm Fidelity Investments, reports the Wall Street Journal citing "a person familiar with the matter." While the possibility "is still months away," the source also said an investment by Fidelity signals that an initial public offering remains HootSuite's "ultimate goal." The amount of the expected financing was not disclosed, however, it was said that HootSuite has been valued in advance at US$725 million.

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