I am sure it is quite common knowledge that a lot of the value growth in some of the best companies being built in recent years is happening before companies IPO, which is different than in the past. Because of this, I have sought out ways to try and get exposure to these later-stage, profitable, near-IPO companies - not an easy thing to do!
I found a fund that is doing this, and the past few years they have had a bunch of steady successes and more in the pipeline. And then I see the craziness around VCX in the past week. Please make it make sense! Why would anyone buy this stock trading at so many multiples of their own declared NAV?
I hate how much of investing has become pure gambling and how unexceptional it seems to be when things like this happen. Anyhow if anyone else is looking for a fund that buys private listings in late stage startups AND that trades publicly close to the NAV and that holds SpaceX and OpenAI and Databricks and Canva and others take a look at Stack Capital.
[https://www.stackcapitalgroup.com/investment](https://www.stackcapitalgroup.com/investment)
I have no connection to the company but it is the best way I have found to access this slice of the growth curve in the modern stock market where it seems like private money gets so much of the exponential growth. It is listed on the Toronto Stock Exchange but I was able to easily buy it in my Schwab account in the US. Obviously YMMV. You may need to do a mental conversion from CAD to USD when looking at pricing.
/rant
[https://money.tmx.com/en/quote/STCK](https://money.tmx.com/en/quote/STCK)