Hiive Explores $780 Million Secondary Sale as SpaceX and OpenAI IPO Wave Looms
Updated
Updated · Bloomberg · Jun 8
Hiive Explores $780 Million Secondary Sale as SpaceX and OpenAI IPO Wave Looms
1 articles · Updated · Bloomberg · Jun 8
Summary
Hiive has held investor talks on a secondary share sale that would value the pre-IPO stock trading platform at about $780 million, according to a document seen by Bloomberg.
The proposed sale would let Hiive capitalize on rising demand for access to private-company shares ahead of an expected rush of blockbuster listings.
SpaceX, OpenAI and Anthropic are seen leading that pipeline, with each expected to pursue post-IPO valuations in the hundreds of billions or above $1 trillion.
That backdrop is boosting the appeal of marketplaces like Hiive, which connect investors to shares in companies still private.