Even though an issuer has permitted secondary deals in the past, there are several factors that may curtail future trades, impacting a shareholder’s path to liquidity.

In the course of business, if a company changes its bylaws related to secondary sales, the volume of secondary sales could be restricted dependent on how stringent the revised bylaws are. For instance, certain provisions could require board approval, having exercised shares before a certain date prior to new bylaws or add volume parameters to secondary sales. The profile of the buyer, and how it would impact the existing cap table presence, might inform an additional clause.

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Aug 12, 2024

• Abnormal Security raised $250 million at a $5.1 billion valuation.

• Anduril raised $1.5 billion at a $14 billion valuation.

• Groq raised $640 million at a $2.8 billion valuation.

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Jul 29, 2024

• Cohere raised $500 million at a $5.5 billion valuation.

• Deel acquired Hofy, a startup that manages remote technology products.

• Stripe acquired Lemon Squeezy, a payments platform.

• Tekion raised $200 million at a valuation greater than $4 billion.

• Wiz rejected Google’s $23 billion acquisition.

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Jul 15, 2024

• Graphcore was acquired by Softbank for between $500 million and $600 million.

• Lambda Labs was raising $800 million in a new funding round.

• Wiz was having discussions to be acquired by Google for $23 billion

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Jul 1, 2024

• Cerebras confidentially filed documents for its upcoming IPO.

• Groq was raising a new round at a $2.5 billion valuation.

• OpenAI acquired RocketSet (a search and analytics database firm) and Multi (a collaboration platform).

• SpaceX performed a tender offer that valued the company at $210 billion

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Jun 17, 2024

• AlphaSense raised $650 million at a $4 billion valuation and acquired Tegus for $930 million.

• Cohere raised $450 million at a $5 billion valuation.

• Grafana Labs was looking to raise a new funding round at a $6 billion valuation.

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