Greenwich, CT – November 17, 2022 – Symbridge Capital LLC, one of the industry’s first FINRA-member broker-dealers authorized to operate a digital Alternative Trading Systems (“ATS”), today announced the launch of its pre-IPO platform, which provides accredited and institutional investors access to shares in private companies where current stakeholders are seeking liquidity in secondary markets. Investors will have access to a selection of pre-IPO securities through Symbridge’s private market solution.
Such pre-IPO equities are available to accredited investors, qualified purchasers and institutions. Interested parties can click here for more information.
“Symbridge Capital is focused on delivering timely opportunities to accredited and institutional investors,” said Sean Bowden, CEO of Symbridge Capital. “With the downturn in valuations in private market equities, a number of our investors are looking for exceptional opportunities in pre-IPO companies. The introduction of our platform will make it easier for investors to access these types of compelling investment opportunities.”
According to PitchBook, the number of private companies valued at more than $1 billion reached 340 in 2021, more than the past five years combined. And they’ve recently been trading at a 20 percent discount compared to the last quarter of 2021, according to a report from Forge Global. Some private companies have seen discounts of between 25% to 75% in the secondary marketplace from the last funding round, according to Forge.
Symbridge Capital’s weekly pre-IPO offering platform was designed to solve for the major inefficiencies that currently exist in the private secondary marketplace. It offers enhanced liquidity and transparency, changing the game for accessing pre-IPO investment opportunities.
About Symbridge Capital LLC
Symbridge Capital LLC is a FINRA member broker-dealer that will operate an alternative trading system (ATS) for digital asset securities.