Private stock trading company Forge Global on Wednesday unveiled its own “private magnificent seven” of major names that draw big volume on its platform: SpaceX, OpenAI, ScaleAI, Databricks, Fanatics, Stripe and Rippling.

Forge Global said the share prices of the seven privately traded companies have outperformed the S&P 500 index’s publicly traded so-called “magnificent seven” that have fueled much of the gains in the stock market in recent years: Tesla, Apple, Nvidia, Amazon, Microsoft Corp., Alphabet Inc. and Meta Platforms Inc.

Just don’t run to look for stock symbols for these assets on your trading terminals – for individual investors to trade privately-held stocks, they must qualify as an accredited investor, which is someone with a net worth of $1 million outside the value of their primary home. We can only hope for some loud IPOs in the future. I think Databricks, Stripe and Rippling may be the first to do this, because at least there have been conversations about it. So we mark the names for ourselves and wait.

Source: https://www.marketwatch.com/story/these-private-companies-could-be-the-magnificent-seven-of-the-future-311e00b9?mod=home-page

submitted by /u/FXgram_
[link] [comments]

Make a post in our subreddit XGramatikInsights, and your thoughts will appear here!

Share the Post: