FYI: Pre-IPO companies aren’t just for big investors anymore.
A growing number of mutual funds promise to let small investors get a piece of companies before they go public—something usually reserved for big-money players, like venture capitalists and major brokerage clients.
It is an idea that has boomed in recent years. Mutual funds’ investments in pre-IPO businesses hit a valuation of $8 billion in 2015, up from $16 million in 1995, according to a research paper written last year by Sungjoung Kwon and Michelle Lowry of Drexel University and Yiming Qian of the University of Iowa.
Regards,
Ted
https://www.wsj.com/articles/fund-investors-can-get-pre-ipo-access-but-is-it-worth-it-11562638141?mod=article_inline
