An alternative trading platform CEO wants to revolutionize private equity investing to help mitigate a stalling initial public offering market.The ultimate goal: Give more investors easier access to unicorns." this week."There is a future … where index products and other financial innovations are making it possible for every investor to participate."
The Forge Accuidity Private Market Index consists of 60 private companies including SpaceX, Stripe and Epic Games, according to Forge Global's website. But as of right now, access is still closed off to everyday investors. "Today, the regulations are such that you need to have a minimum net worth to meet the threshold of being accredited," Rodriques said.That means even with Forge's new initiative, only institutional investors and individuals with a high net worth can purchase shares. But anyone, accredited or not, can sell their shares of private companies on the platform. However, those same companies still have a right to refuse transactions on the platform.
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