Nov 10 (Reuters) - U.S.-based asset management firm T. Rowe
Price has taken up a 5% stake in online retail platform THG Plc
, a regulatory filing showed on Wednesday, making it
among the top 10 shareholders in the British company.
THG's shares have shed about 60% since its IPO in September,
2020. The global investment firm's stake crossed the 5%
threshold on Nov. 8, the same day that THG chief executive Matt
Moulding said he regretted floating the company, prompting
speculation it could be delisted.
T. Rowe's stake makes it the company's eighth largest
investor, according to Refinitiv Eikon.
(Reporting by Priyanshi Mandhan and Yadarisa Shabong in
Bengaluru; editing by Arpan Varghese)