Hiive in Talks for $780 Million Secondary Stock Sale Ahead of Anticipated IPO Wave
By
Thomas Seal
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Summary
Hiive, an online platform for trading shares in pre-IPO companies, held talks with investors about a secondary stock sale that would value the firm at approximately $780 million. The move aims to capitalize on growing interest ahead of anticipated blockbuster IPOs from major companies like SpaceX, OpenAI, and Anthropic, which are expected to reach valuations of hundreds of billions or more than $1 trillion.
Key quotes
· 3 pulledThe Hiive Co., an online platform for trading shares in pre-public companies, recently held talks with investors about a secondary stock sale that would have valued the firm at about $780 million, according to a document seen by Bloomberg.
A share sale would capitalize on interest ahead of a bonanza of huge initial public offerings, led by SpaceX, OpenAI and Anthropic.
Each of those companies is expected to target post-IPO valuations of hundreds of billions or more than $1 trillion.
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