Power Corporation raises valuation of its Wealthsimple stake by 13%
Power Corporation will invest $68 million in Wealthsimple in a round of up to $425 million, lifting its direct stake value 13% to about $2.0 billion.
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what happened
Power Corporation of Canada (POW) has agreed to put $68 million into Wealthsimple as part of a financing round worth up to $425 million, headed by GIC, according to TradingView. Power's direct stake is now put at about $2.0 billion, a 13% rise from the second quarter of 2026, and that figure reaches $2.1 billion once the new $68 million is counted.
The transaction is expected to close in the fourth quarter of 2026.
why it matters
For Power, this continues a long period of backing the Canadian fintech platform, and the higher valuation lifts the reported worth of a core holding. Its ownership percentage barely moves, so control is not affected. The real impact depends on whether the deal closes as planned in the fourth quarter.
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sources
- Power Corporation of Canada (POW) Ups Wealthsimple Stake Value 13% — TradingView, 27 October 2026 at 22:51 UTC
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