May 28, 2024
Figma was performing a tender offer at a $12.5 billion valuation.
Harness raised $150 million line of credit.
Mistal AI was raising a new funding round at a $6 billion valuation.
SpaceX was having discussions to perform a tender offer at a $200 billion valuation.
Vercel raised $250 million at a $3.25 billion valuation.
Given the market reset which followed the valuation boom in 2021, select secondary issuers are more marketable to investors than others. Companies that have raised a recent round, or adjusted their 409A, in the past two years are more likely to have interested buyers as they have a fresh benchmark in terms of valuation. As no investor wants to purchase shares in a company that potentially could have a down round in the future, no news is bad news in this market.
Read MoreMay 6, 2024
CoreWeave raised $1.1 billion at a $19 billion valuation.
Rubrik raised $752 million in its IPO at a $5.6 billion valuation.
xAI was raising $6 billion at a $18 billion pre-money valuation.
Apr 22, 2024
Automattic acquired Beeper, a messaging app, for $125 million.
Ibotta raised $577 million in its IPO at a $2.67 billion valuation.
Lacework, once valued at $8.3 billion valuation, was having discussions to be sold to Wiz for $150 million to $200 million.
Minio appointed Mark Khavkin as its new CFO. Khavkin previously was the CFO at Pantheon Platform.
Ramp raised $150 million at a $7.65 billion valuation.
Rippling was raising a new round at a $13.4 billion valuation.
Apr 08, 2024
Anthropic raised an additional $2.75 billion from Amazon.
HootSuite acquired Talkwalker, a platform that analyzes conversations over social media platforms.
Rubrik filed its S1 for its upcoming IPO.
Scale AI was in talks to raise a new round at a $13 billion valuation.
xAI was in talks to raise $3 billion at a $18 billion valuation.
There are two principal objectives of a secondary broker dealer. Locating a counterparty to match the corresponding buy side or sell side order and executing the secondary deal. Both of these steps take several weeks in a direct secondary transfer, which results in a complex flow of procedures as outlined below.
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