Latest news with #EquityZen
Yahoo
4 days ago
- Business
- Yahoo
IPO outlook: Why you can expect 'more activity' this fall
EquityZen head of market insight Brianne Lynch joins Market Catalysts with Julie Hyman to discuss the initial public offering (IPO) market so far this year and what the outlook might be for the second half of 2025. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
IPO outlook: Why you can expect 'more activity' this fall
EquityZen head of market insight Brianne Lynch joins Market Catalysts with Julie Hyman to discuss the initial public offering (IPO) market so far this year and what the outlook might be for the second half of 2025. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. So we mentioned that exits are up 45%, but let's be clear, it's from a very low base, right? It's still not been a busy market, I guess, for IPOs. What is still sort of holding things back in your view? Sure. So, to your point, you know, we're certainly not at those 2021 highs where the IPO market was booming, but we are seeing an increase in activity. You know, against all odds, we saw the market really pull back when it came to IPOs in April post Liberation Day. There's a lot more concern in the market. Uh, but in June, several companies decided to kind of rip the band-aid and go public. So we saw Hinge Health, Mountain, um, Circle, Chime, many others go public and perform well. So that's really given a vote of confidence for others to follow. So we see the pipeline starting to build and probably expect to see more activity in the fall. I I'm curious over these past several years, as we have seen the number of companies coming public go down, what is the interest level on equities end, you know, has that been consistent, has that sort of waxed and waned? What have you seen? We've seen a big uptick in investor activity in the pre-IPO market because there's been this drought of IPOs, so investors don't want to wait another year, two years, five years to invest in these companies that are growing so rapidly in the private markets. You've got, you know, companies in AI, FinTech, crypto, some of these uh top in-demand industries all growing to tens of billions, even hundreds of billion dollar valuations in the private market. So we've seen a big uptick in investor interest, um over 40% in June alone, uh driven by, you know, investor interest in getting these names earlier. And um, on your platform, people who are accredited investors can get into some of these companies, right? Okay. Okay, gotcha. Um, so let's talk about some of the companies that have come public that you've met, alluded to, right? Circle. And I mentioned Corweave as well, which have just been, you know, have really seen big increases. Um, is it, I mean, I don't want to use the word bubble, but like, is there froth here with some of these, some of these new IPOs? What we've seen, let's talk about Circle for example. Uh, there's just a lot of momentum and a lot of catalysts when it comes to crypto specifically that have really enabled that stock to fly. You've got a crypto-friendly administration in place, DC Crypto week, more legislation's being reviewed there. Stable coin legislation has already passed. Bitcoin is trading near all-time highs. Coinbase, which was the first crypto IPO back in 2021, is now an S&P 500 company. So all these pieces really play together to create a lot of validation in the market which allowed Circle to really kind of go public at this opportune time. We've seen in the private markets that crypto companies are growing in popularity. It's the number six most popular industry amongst investors. So when you look at Gemini and Grayscale and others, they're seeing the success that Circle had and yes, they're different businesses, but also trying to, uh, you know, take advantage of that opportunity. Right. Exactly. I mean, and we got that S-1 filing from Grayscale yesterday, that confidential filing that they're planning to go public. They say it might not happen, but it's, you know, they've at least uh put the filing in. So what do you think is driving it? That was not one that was sort of like chattered about, right? No, this certainly wasn't one on our 2025 IPO outlook list. Uh, but they are really trying to capitalize on the interest there is for crypto companies as a crypto asset manager. They were one of the leaders in uh creating these investable products like crypto ETFs, and you know, fast forward a few years, you have BlackRock and some of the largest asset managers playing in that same space. So it's certainly become more competitive, uh, but I think they're looking to, you know, take advantage of investor interest while the market is hot. Um, on your platform, what are some of the most popular individual companies? Sure. So the most popular companies we're seeing are kind of like the who's who's list of the private markets. You have SpaceX, Anduril, OpenAI, Perplexity, companies that are valued at tens or hundreds of billion dollar valuations, um, that really don't have plans to go public anytime soon. So that's why we see more investors coming to the pre-IPO market to invest while these companies are in such rapid phases of growth. Um, and is that interest pretty consistent for some of those companies? Yeah, some of the companies, you know, certainly that top five have been, um, some of the most popular over the past several quarters. Defense Tech is an industry that has grown in popularity. So Anduril, Helsing, and some of those other names have grown in popularity, uh, in the past two quarters versus AI companies that have kind of led the market for the past two years. So, um, it's certainly not a static story where, um, new innovative technologies and industries, um, kind of come to market and change the landscape. Um, and lastly, do you expect to see any kind of pickup in IPO activity, like if, I mean, and what's the thing that would unlock it? Would it be a rate cut, for example? Sure. It seems like a lot of these companies that are in the pipeline preparing to go have accepted that there's going to be some volatility in the market. So we don't know when a rate cut would happen. There's still a lot of uncertainty around tariffs and inflation. But the companies in the pipeline, like Klarna, like Navan, have been looking to go public for a very long time. These are, you know, big companies with, um, large brands and market presences already. So many of them are choosing to bite the bullet and do that. Summer tends to be a slower period, so it's probably the fall that we're expecting these IPOs to happen. Uh, but that pipeline is already there, and we expect to see more activity then. Related Videos Tech highs, liquidity spigots, crypto week: Market takeaways Huntington Bank CEO talks Q2 earnings, tariffs, & Veritex deal Huntington Bank CFO: Q2 Earnings Were "Phenomenal" What retirees should know amid uncertainty: Ask Yahoo Finance Sign in to access your portfolio
Business Upturn
08-07-2025
- Business
- Business Upturn
Nasdaq Private Market Names Mike Buono and Phil Germann Co-Heads of Execution
NEW YORK and SAN FRANCISCO, July 08, 2025 (GLOBE NEWSWIRE) — Nasdaq Private Market (NPM), a leading provider of secondary liquidity solutions for private companies, investors, and employee shareholders, announced today that Mike Buono and Phil Germann have been named Co-Heads of Execution within its Capital Solutions division, effective immediately. Since joining NPM, Mr. Buono and Mr. Germann have been instrumental in building out the execution business and expanding the team's institutional client coverage. They will continue to be based out of the company's New York office and report into Bill Spoor, CFA, Managing Director and Head of Capital Solutions at Nasdaq Private Market. In their new roles, Mr. Buono and Mr. Germann will be tasked with leading the trading desk and overseeing relationships with broker-dealers and institutional clients. They will continue to help drive shareholder, investor, and global bank adoption of products deployed by NPM including block trading, capital introduction, and more. Additionally, they will work closely with the NPM SecondMarket® electronic trading team to support clients who want to transact via the company's premier, online secondary trading platform. Mr. Buono joined Nasdaq Private Market in 2024 as a Director within the Capital Markets division. Prior to NPM, he spent five years at EquityZen, where he led the institutional investment sales desk and worked with family offices, secondary funds, hedge funds, private equity, and venture capital funds, as well as RIAs and high-net-worth individuals. Mr. Buono also served as an investment committee member for EquityZen's flagship growth fund. Previously, he spent two years at UBS in various positions. Mr. Buono holds an undergraduate degree from The Pennsylvania State University. Mr. Germann joined Nasdaq Private Market in 2024 as a Director within the Capital Markets division. Prior to NPM, he spent six years at EquityZen, where he served as head of the institutional markets/broker-dealer sales desk and led the sales strategy on the supply side for the company's secondary trading platform. Mr. Germann was also an investment committee member for a number of the company's managed fund vehicles. Previously, he worked at Fidelity within the Investment Solutions division. Mr. Germann earned his undergraduate degree from the University of Colorado. 'We're proud to elevate Mike and Phil to lead the Execution team,' said Mr. Spoor. 'As our business evolves, we continue to tap talented team members with proven track records to push our business forward. Mike and Phil have strong client relationships, a deep understanding of market dynamics, and a demonstrated commitment to finding solutions to help us scale our secondary trading franchise.' Nasdaq Private Market partners with many of the world's most dynamic, venture-backed companies to power company-approved liquidity events for employees and investors. Its SecondMarket® trading platform continues to gain momentum among buyers and sellers of private company shares. NPM's proprietary Transfer and Settlement solution streamlines complex share transfers from matching through settlement, serving top-tier private companies. Its private market data platform Tape D® equips investors and institutions with the insights they need to assess global private market opportunities more effectively. The company's Wealth Connect product connects individuals who transact on the NPM platform with resources to support their investment goals. About Nasdaq Private Market Nasdaq Private Market provides liquidity, wealth and data solutions for private companies, employees, and investors throughout each stage of the pre-IPO lifecycle. Since inception over a decade ago, NPM has executed more than $60 billion in transactional volume for 200,000+ individual eligible employee shareholders and investors across 775+ company-sponsored liquidity programs. Founded within Nasdaq, Inc. in 2013, today NPM is an independent company with strategic investments from Nasdaq, Allen & Company, Bank of America, BNP Paribas, Citi, DRW Venture Capital, Goldman Sachs, HiJoJo Partners, Morgan Stanley, UBS, and Wells Fargo. Learn more at . Visit LinkedIn and X for the latest company news. Disclosures and Disclaimers NPM is not: (a) a registered exchange under the Securities Exchange Act of 1934; (b) a registered investment adviser under the Investment Advisers Act of 1940; or (c) a financial or tax planner and does not offer legal or financial advice to any user of the NPM website or its services. Securities-related services are offered through NPM Securities, LLC, a registered broker-dealer and alternative trading system, and member FINRA/SIPC. Transactions in securities conducted through NPM Securities, LLC are not listed or traded on The Nasdaq Stock Market LLC, nor are the securities subject to the same listing or qualification standards applicable to securities listed or traded on The Nasdaq Stock Market LLC. Please read these other important disclosures and disclaimers about NPM found here: NPM Media Contact Amanda Gold (New York) – [email protected] Chief of Staff and Chief People Officer, Nasdaq Private Market Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
05-07-2025
- Business
- Yahoo
What Circle's surge signals for the crypto IPO market
Brianne Lynch, EquityZen head of market insight, joins Market Catalysts with Brad Smith to discuss Circle's (CRCL) surge since its initial public offering (IPO) and what that success could signal for other crypto-related names looking to go public in the future. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. Dan Lynch who is the equities and head of market inside. And one of the amazing areas that we've been tracking is the not just market reception to some of the strategic plays around cryptocurrency, but the other potential players that are still waiting in the wings to make a market entry. Circle was successful, but are there others that are in the crypto landscape, either platform or crypto touching and holding that you think could receive a solid market reception here? Sure. So, Circle's IPO was really this big vote of confidence for the crypto and stable coin industry at large. And they really timed it well when you think of some of the bigger macro pieces at play. You have a crypto friendly administration in place. There's stable coin legislation out now that is really legitimizes stable coin. And then you have some of the biggest banks and retailers in the world talking about launching their own coins. Coinbase is now an S&P 500 company. So all these things are tailwinds to support these companies. When you look at others that might follow, Gemini is one that has confidentially filed. But several other of the top players in the private markets are continuing to grow. You know, Kraken, we just talked to the co-CEO there. Ripple and others are really growing in the private markets. And another lens on that is, you know, this idea of how tokenization can play a role in broadening access to the private markets. And that's something that the SEC chairman actually talked about this morning. It's going to be fascinating to see how many of those companies are able to leverage this moment and this momentum and perhaps appeal to some of the investors in public equity landscape right now.
Yahoo
09-06-2025
- Business
- Yahoo
Circle stock gains 7%, extends gains for third day in a row since blockbuster IPO
Circle's (CRCL) stock surged for a third day in a row on Monday following its blockbuster IPO last week. Shares of the stablecoin issuer jumped as much as 15% before paring gains to close at $115 per share, a premium of 270% above its debut IPO price of $31. The surge builds on gains from the previous two trading days, including an intraday surge of over 200% last Thursday shortly after the company's highly anticipated market debut. Circle's IPO success comes amid bullish momentum in the crypto space, including the Trump administration's push for a friendly framework for cryptocurrencies, the president's business involvement in the space, and legislation in Congress that would regulate stablecoins. "Having a crypto-friendly administration, the legislation ... plus the fact that larger financial institutions are considering launching their own coins, these are all tailwinds and votes of confidence in the stablecoin market," EquityZen head of market insight Brianne Lynch told Yahoo Finance last Thursday. Circle had previously attempted to go public via a SPAC deal in 2021 but ultimately shelved the plan a year later. Circle is the issuer of the stablecoin USDC (USDC-USD), which is backed by the dollar. The company had $60 billion worth of the token in circulation at the end of the first quarter. Circle is the second-largest stablecoin issuer on the market, trailing only Tether, which has nearly $150 billion in circulation. The company generates the bulk of its revenue through "reserve income" — profits earned from the cash reserves backing the USDC stablecoins. Publicly traded companies have been increasing their exposure to digital assets, with some shifting their strategies to emulate Strategy's (MSTR) bitcoin treasury model. Bitcoin (BTC-USD) recently surged to all-time highs above $110,000. On Monday, bitcoin traded near $107,000 per token. Click here for in-depth analysis of the latest stock market news and events moving stock prices
