ClearStreet to launch pre-IPO investment platform for Databricks
- 1Prime broker ClearStreet is set to unveil a platform that opens late-stage private-company equity investments to accredited investors.
- 2The first target is artificial-intelligence software firm Databricks, valued at $188 billion this month, with up to 30 names to be added by year-end.
- 3As private-market timelines lengthen and pre-IPO demand grows, the firm will also roll out margin lending against holdings and dedicated equity research.
This 3-line summary is compiled from the report below.
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