Top-5 company-led secondary share sales
Popular Secondaries
30 June 24
In the first half of 2024, there were several notable company-led secondaries sales. This highlights the growing importance of the secondary market for private companies.

Our top-5:
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In April 2024, Canva completed a record-breaking US$1.5 billion secondary share sale, one of the largest in global startup history. This event gave Canva a valuation of $26 billion, down from its peak of $40 billion in 2021.

Revolut is preparing for a substantial secondary share sale worth approximately $500 million (£394 million), which could value the company at more than $40 billion, surpassing its $33 billion valuation from a 2021 fundraising.

Also in April 2024, Stripe completed a significant secondary share sale with a $694 million tender offer, valuing the company at $65 billion—a 30% increase from its $50 billion valuation in March 2023.

In late 2023, a tender offer valued OpenAI at $86 billion, making it one of the world's most valuable startups at the time.

But wait! SpaceX has just announced a planned secondary market share sale that will value the company at around $210 billion.

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