November sanity check
Who said that November had to be a sweet month?
Last month was as murderous as any other month in the private market, but our performance may have been worse than the general market.
The Apevue 50 index, created by ApeVue, a portfolio company, has outperformed our portfolio. However, it is essential to note that the index mainly focuses on momentum trading and rebalances monthly to track the performance of the 50 most active private companies in the secondary market. This index follows an equal-weighted approach and is rebalanced monthly, allowing more active companies to be included over time to accurately reflect market performance. It is widely recognized as an industry-standard benchmark for late-stage private markets.
Lots of stable prices, but is it a good sign?
Automation Anywhere was stable, and there is nothing to report.
BlaBlaCar was stable, and there is nothing to report.
BitPay was stable, and there is nothing to report.
Boom Supersonic was stable, and there is nothing to report.
Boxabl was stable, and there is nothing to report.
DataRobot has not yet benefited from the market trends in AI. There are still sellers at these levels.
Epic Games - notwithstanding the newsflow from the case against Google, the name is stable.
Two names are pushing higher.
Anduril is the most requested name on our platform, and it’s performing well.
Neuralink - We saw demand in the secondary market, where we were checked a few times to sell our position.
Four names going lower
Addepar - A new seller has entered the market offering Addepar stocks at a reduced price level compared to existing offers.
Flexport - A new seller has entered the market offering Flexport stocks at a reduced price level compared to existing offers.
Kraken - Kraken's stock, already in decline, experienced a further drop following the SEC lawsuit. This comes in a positive market backdrop, as described in our article “Crypto market bounces back”
Plaid—A new seller has entered the market, offering Plaid stocks at a reduced price compared to existing offers.
What is IPO CLUB
We are a club of Investors with a barbell strategy: very early and late-stage investments. We leverage our experience to select investments in the world’s most promising companies.
Disclaimer
Private companies carry inherent risks and may not be suitable for all investors. The information provided in this article is for informational purposes only and should not be construed as investment advice. Always conduct thorough research and seek professional financial guidance before making investment decisions.
