Buying interest, or bids for so-called late-stage private stakes, has risen to about $1.4 billion from $1 billion at the depth of the stock market correction last year, according to Rainmaker Securities, which facilitates such transactions.
But while rising, interest remains subdued. Private companies traded at a discount to their last fundraising round of about 58% in July, and while that is down from 61% in May, it is up from 52% in June, according to private market trading platform Forge. His firm, which traditionally invested in public stocks, recently launched a fund dedicated to pre-IPO investments in tech and consumer companies.
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