This Week in Pre-IPO Stocks - Market Update - Mar 03, 2023 - E34
Episode description
Pre-IPO Stock Market Update - Mar 03, 2023 | Current valuations for largest pre-IPOs stocks, SVB's problems, One new decacorn, Two new unicorns, Pre-IPO stocks down for the week
00:29 | Current valuation analysis for large pre-IPO stocks
- SpaceX and N26 are the only two companies to post positive gains from their last primary financing round; 9% and 1% respectfully
- Big losers are Instacart (-77% since last primary round), Kraken (-68%), Chime (-67%)
- Every stock – outside of SpaceX and N26 – is down double digits most down 40% or more
- From a ranking perspective SpaceX and Stripe still sit up top, Databricks jumped up two spots ahead of Instacart and Checkout.com … big movers were N26 moving from #16 to #9 – a 7 spot move – and Rippling from #14 to #8 – a 6 spot move
03:24 | SVB restructures balance sheet (UPDATE: SVB has failed and is under control of FDIC)
- Silicon Valley Bank (SVB) serves private fund managers (PE/VC) and their portfolio companies
- SVB is the 16th largest bank in the US with $209b in consolidated assets per the Federal Reserve
- SVB announced a balance sheet restructuring that included an equity capital raise
- SVB stock price plummeted by more than 60% on Thu, 9 Mar and was down another 60% in pre-market trading on Fri, 10 Mar
- SVB announced pre-market that they are looking to sell the business
08:08 | Wiz becomes decacorn, Kindbody and Headway become unicorns
09:14 | Pre-IPO stocks down -0.42% vs S&P up 2.00% ... Kraken up big (12%), Revolut and Rippling down (7% and 6%)
AG Dillon & Co venture capital funds...
- AG Dillon SpaceX Pre-IPO Stock Fund = www.agdillon.com/spacex
- AG Dillon Pre-IPO Equity Fund (top 15 pre-IPO stocks) = www.agdillon.com/top15
Subscribe or follow...
Youtube = https://www.youtube.com/channel/UCSpr_9yjBA7dhqnQexSu7LA
Apple Podcasts = https://podcasts.apple.com/us/podcast/this-week-in-pre-ipo-stocks/id1653598601
Spotify Podcasts = https://open.spotify.com/show/2ryF1V6y712AsizaRjImOH
Instagram = https://www.instagram.com/aarongdillon/
Facebook = https://www.facebook.com/profile.php?id=100089996314705
LinkedIn = https://www.linkedin.com/company/ag-dillon-co