Secondary trading of pre-IPO companies?

[long]

Watched some stuff on spacex talking about future valuations and I thought why not buy a small amount for my kid? Then I found out it’s still private and ran across this Motley Fool ad that mentions secondary trading of pre-IPO companies. This sounds cool and crazy at the same time . Any of you done this?

https://www.fool.com/investing/how-to-invest/stocks/how-to-invest-in-spacex-stock/

 

[ZBZB]

Some YouTubers got offered stock though it seems through a 2 and 20 arrangement.

 

[long]

Some YouTubers got offered stock though it seems through a 2 and 20 arrangement.

So you don’t actually own anything like a stock or option? Would it be a partnership like a hedge fund? I don’t think that’s what the link was talking about. I was thinking it was basically a bet that is a little shady.

 

[ZBZB]

So you don’t actually own anything like a stock or option? Would it be a partnership like a hedge fund? I don’t think that’s what the link was talking about. I was thinking it was basically a bet that is a little shady.

It depends who is offering. Gali seems to be in a partnership. Steven Mark Ryan got offered stock. It depends who you know.

 

[zdreg]

So you don’t actually own anything like a stock or option? Would it be a partnership like a hedge fund? I don’t think that’s what the link was talking about. I was thinking it was basically a bet that is a little shady.

I guess since you come from Memphis you know a thing or two about shady business deals.

 

[long]

It depends who is offering. Gali seems to be in a partnership. Steven Mark Ryan got offered stock. It depends who you know.

So I’m now assuming that there isn’t a standardized instrument called a “secondary”? That’s the question I was getting at. That article was the first time I’d ever heard the ability to buy bet on a stock price of a company that hadn’t gone public yet. I’m not asking about SpaceX in particular.

 

[ZBZB]

So I’m now assuming that there isn’t a standardized instrument called a “secondary”? That’s the question I was getting at. That article was the first time I’d ever heard the ability to buy bet on a stock price of a company that hadn’t gone public yet. I’m not asking about SpaceX in particular.

The guy who runs GBTC used to run a secondary market website but I don’t know if it is still going.

 

[long]

The guy who runs GBTC used to run a secondary market website but I don’t know if it is still going.

Where would you point me to learn about secondaries?

 

[ZBZB]

Where

would you point me to learn about secondaries?

Barry Silbert was the guy who ran the secondary market website. Google him.

 

[ZBZB]

Where would you point me to learn about secondaries?

https://www.seedrs.com/invest/marketplace?sort=trending_desc&sort_collection=businesses

seems to be a U.K. secondary market.