Ark Fund Offers Pre-IPO Opportunities in SpaceX and OpenAI, Though Risks Exist.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 9h ago
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Source: Barron's
- Upcoming IPOs: SpaceX, OpenAI, Anthropic, and other major unicorns are expected to go public later this year.
- Investment Opportunities: Investors can gain exposure to these privately held start-ups without waiting for their initial public offerings.
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About DXYZ
Destiny Tech100 Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to maximize the portfolio’s total return, principally by seeking capital gains on equity and equity-related investments. Under normal market conditions, the Fund will invest at least 80% of its total assets in equity and equity-linked securities of companies principally engaged in the technology sector. The Fund will invest in the equity and equity-linked securities of what it believes to be rapidly growing venture-capital-backed emerging companies, located in the United States. The Fund may also invest on an opportunistic basis in select United States publicly traded equity securities or certain non-United States companies that otherwise meet its investment criteria. It concentrates its investments in companies operating in one or more industries within the technology group of industries. Destiny Advisors LLC serves as the investment adviser to the Fund.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ark Fund Offers Pre-IPO Opportunities in SpaceX and OpenAI, Though Risks Exist.
- Upcoming IPOs: SpaceX, OpenAI, Anthropic, and other major unicorns are expected to go public later this year.
- Investment Opportunities: Investors can gain exposure to these privately held start-ups without waiting for their initial public offerings.
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Lightwave Logic, Kyverna Therapeutics, and Other Major Stocks Decline in Tuesday's Pre-Market Trading
U.S. Stock Futures: U.S. stock futures are down, with Dow futures falling approximately 0.2% on Tuesday morning.
Lightwave Logic Inc: Shares of Lightwave Logic Inc dropped 14.5% to $3.22 in pre-market trading following the announcement of a $35 million public offering.
Other Declining Stocks: Several other stocks also saw declines in pre-market trading, including Ascent Solar Technologies (-15.1%), Fractyl Health (-10.4%), and Ready Capital (-9%).
Market Overview: The overall market sentiment appears negative, with multiple companies reporting significant drops in their stock prices ahead of the trading day.
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