All stories tagged secondary market on VentureGrill.
Voice synthesis leader ElevenLabs has doubled its valuation to $22 billion through a massive employee tender offer led by Wellington Management and T. Rowe Price.
Faced with a frozen IPO market, Elon Musk's long-time backer Valor Equity Partners is distributing SpaceX shares directly to LPs, shifting the liquidity burden to institutional investors.
PayPal has halted the sale of its venture capital portfolio after receiving bids at a 40% discount, highlighting the ongoing liquidity crunch in the secondary market.
Harvard Management Company and other elite university endowments are bypassing traditional venture funds to build massive, direct stakes in late-stage private giants.
The SEC has accused a New York financier of defrauding retirees through undisclosed fees on sales of private market shares in high-profile startups like SpaceX, Anduril, Anthropic, and Perplexity.
Lightspeed is raising a $600 million vehicle specifically to consolidate its stakes in OpenAI and Anthropic, signaling a shift toward secondary liquidity for top-tier AI assets.
SpaceX's privately traded shares have surpassed the $135 per share mark, often cited as a notional IPO price, for the first time in several weeks, buoyed by stronger-than-expected second-quarter revenue.
OpenAI has finalized a massive $7 billion tender offer, providing liquidity to employees and early investors while signaling a potential shift in the venture capital recycling landscape ahead of a highly anticipated IPO.
An AI hedge fund's forced liquidation of public assets due to leveraged bets leaves its Anthropic stake as a key remaining holding, potentially signaling future secondary market activity for the high-profile AI startup.