JPMorgan is launching a team for trading shares of private companies such as TikTok, Robinhood, and SpaceX, CNBC reported on Friday. Smaller firms have expanded into private-market trading, but JPMorgan’s entry would be the first from a Wall Street giant. Private-market trading lacks the liquidity seen in the public market […]
Palantir’s updated prospectus, which includes the latest details on its shares outstanding and average share price, sets the company’s valuation at roughly $US10.5 billion. Yet past valuations have pegged the firm’s worth as low as $US7.8 billion and as high as $US20.3 billion. Palantir’s murky valuation is set to be […]
Billionaire investor Steve Cohen is stepping outside the hedge fund industry and creating a private-markets fund,The Wall Street Journal reported Friday. The fund, named Point72 Hyperscale, will act as a hybrid between a venture capital firm and a private-equity fund and focus on companies in the artificial intelligence space, sources […]
Rich Nuzum, president of Mercer’s wealth business, thinks it’s time for investors to boost their exposure to private markets. He bolsters his thesis by juxtaposing today’s public and private market valuations against historical norms. Nuzum says “there’s no real limit to private market investing.” Visit Business Insider’s homepage for more […]
WeWork’s collapsed initial public offering isn’t proof that private markets are broken, and it could even change them for the better, Goldman Sachs CEO David Solomon said on the bank’s third-quarter earnings call. “I don’t think the plumbing is broken,” Solomon said. “I think the IPO process is alive and […]
In a sweeping new report on the state of venture capital, Goldman Sachs analysts revealed new findings about the performance of private and public markets. The firm found that – over the last two years – the biggest newly public companies would have created more value for themselves by staying […]
Morgan Stanley's richest clients are getting a...