Q1 23 Valuation At Market
Valuation at Marketⓒ See disclaimer below.
At the end of Q1 2023, 25 names were priced out of the 127 we covered.
50% fewer names were priced than in the previous quarter, and some sellers probably held the positions.
The best name over 12 months is still Boxabl, the worst Opensea.
Food, fintech, and gaming were hit the hardest, and space and AI fared better.
The private market is so down this quarter that we feel the bottom is in, though some names will continue to struggle.
If you want the entire data we cover, just contact us here
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The rules for “Valuation at Market©” are based on the PRE IPO CLUB LLC proprietary methodology: price inputs are derived from the ten most active secondary brokers during the quarter, as well as publicly available information, such as federal filings (e.g., Form D), state filings (e.g., amendments to Certificates of Incorporation, Limited Offering Exemption Notices, Employee Plan Exemption Notices) and company disclosures (e.g., press releases, other public statements). The calculation model is based on actual or derived preferred and common stock prices, which the fund manager validates. Corporate actions, such as bankruptcies, stock splits, reorganizations, mergers and acquisitions, and spinoffs, are monitored daily. Index values are calculated for each calendar month but distributed quarterly before the last day of each January, April, July, and October. Not financial advice may be inaccurate; if you want to challenge the data, please write to us here
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.
