Turning a corner: Private market posts best month in yearsCore private market metrics suggest positive momentum is brewing and investor sentiment is improving
Turning a corner: Private market posts best month in years
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“In recent months, as volatility hit the public markets, we’ve seen more shareholder activity on the platform as employees and early investors are concerned about extended liquidity timelines. Later stage investors sense buying opportunities because they tend to be more long-term, focused on the next three to five years and not the next three to five Fed meetings,” reported Forge.
"The range of ways to go public has changed forever," said Kelly Rodriques, CEO of Forge, a company that lets people sell shares of private companies. "There is more flexibility now with direct listings and SPACs."
Forge is the largest of the new venues that have cropped up in recent years to facilitate trading in private companies. The company recently raised $150 million from investors including Wells Fargo and Temasek, the Singaporean sovereign wealth fund, CNBC learned.
“Robinhood created a really great user and customer experience for millennials to invest with,” said Kelly Rodriques, chief executive of pre-IPO marketplace Forge. “There is a whole generation of investors that are participating in the markets that weren’t there before.”
Kelly Rodriques, CEO of Forge, a marketplace for pre-IPO shares, said Coinbase has been very restrictive of employee share sales in the past and just recently started enabling secondary sales.
