“Fidelity is currently valuing X at about $9.4 billion”

I found this funny.

  • skyspydude1@lemmy.world
    link
    fedilink
    English
    arrow-up
    6
    arrow-down
    1
    ·
    1 month ago

    Just because it’s not publicly traded, doesn’t mean that there isn’t stock nor that there’s no market. Usually, you can technically still buy/sell the stock, just not as a random member of the public on a public stock exchange like the NYSE or FTSE.

    • NotMyOldRedditName@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      ·
      1 month ago

      There’s usually defined periods for sales as well. Gives employees and other stock holders a way to cash out and get new investors in.