"I'm founder and managing director of Rainmaker Securities, which specializes in helping large late-stage, pre-IPO companies transact shares in the secondary market. I am also the founder of a secondary firm that buys private company shares called Archer Capital Group, and co-founder of Liquid Stock, a business that helps employees and executives exercise their options using their shares as collateral."
"Private companies are staying private much longer now. Many of these businesses - including SpaceX and other companies that would be top 30 in the S&P 500 - would historically have gone public years ago. These companies are significant in our economy, and investors really want access to these companies. At the same time, there are shareholders and executives and founders who have been in them for a long time and want to start seeing some liquidity from their shares,"
SpaceX is reportedly lining up four major Wall Street banks for a potential 2026 IPO, a move that could reopen public markets after a prolonged IPO drought. Late-stage private companies are increasingly using secondary share transactions to provide liquidity to employees, executives, founders, and early investors. Rainmaker Securities specializes in facilitating secondary trades for large pre-IPO firms, and secondary buyers like Archer Capital Group and Liquid Stock provide alternative liquidity mechanisms. Private companies often remain private longer than historically, driving investor demand for access and expanding the secondary market to meet shareholder liquidity needs.
Read at TechCrunch
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