Last month, Brett Adk, founder figure of a robotics startup image, Claimed in a post at X That is his company “Now the most looking for the most looking for the # 1 secondary market is private stock.”
However, the agency has sent a letter of stopping, and anonymous to the agency who is running the secondary market, the brokers have told TechCrunch. These people have said that the image AI stopped-O-I-I letter has claimed that they have stopped the company’s stock marketing.
Both brokers said they received letters for the first time Bloomberg has reported In mid-February this number was seeking $ 1.5 billion rounds to determine the price of $ 39.5 billion-it increased by 15 times the $ 2.6 billion assessment received in February 2024.
A spokesman for Figure AI told TechCrunch that when the company does not allow the broker to sell its stock, the company sends these letters, suggesting that it has a long history of sending these national letters.
“This year, when we discovered that a marketing image was made without the approval of an unauthorized third -party Broker image board of directors, the company sent a closed and asked to stop unauthorized brokers, as other unauthorized brokers were discovered,” this spokesperson said in a written statement. “We do not allow the secondary market business in our shares without the approval of the board and the company will continue to protect itself against unwanted third -party brokers in the market.”
Because the image is a non-governmental organization, not public, its stock cannot easily sell its investors at will, especially without any organization-appointed events. Due to these restrictions, the secondary markets have been grown completely, including investors’ alternative ways to get cash from the IPO, such as loans protected by their startup share, which is repayable when a company goes out.
The last secondary markets of the image letters told TechCrunch that they had other theories about why some CEOs dislike sharing sales in their markets.
The brokers said existing shareholders were trying to sell their stock at a price that was below the new expected $ 39.5 billion assessment, the brokers said. Both brokers told TechCrunch that some companies shake the possibility that low -cost secondary shares can compete with the new round.
Sim Desai, the founder and CEO of secondary share marketplace, without specifically commenting on the image of the image HiTellchen told that companies sometimes blocked secondary sales because they believe that “this is a zero-summary game.”
Desi naturally argued that the opposite could be true: the trade of the active secondary market could attract more interest for the initial shares in the new emergence of the trade.
However, if the secondary market activity fails to run interest in the initial round, the problem can remain with itself. “If someone is very difficult to sell it is just a job of value and evaluation rather than the availability of capital,” said Desai.
The image has become the subject of several news articles lately, which describes the progress of the image with its mark customer BMW. The image has responded to at least one case, the article has so many incorrect errors that it is threatening to sue.
How many images are after the AI - and in what evaluation, it is left to be seen. Existing investors should also be able to spend cash at the beginning of secondary transactions.