Jan 26 2021, 6:58 AM
January 23 2021, 5:30 AM
January 26 2021, 6:58 AM
(Bloomberg Opinion) Why should only the wealthy get to ride unicorns to further riches?
(Bloomberg Opinion) Why should only the wealthy get to ride unicorns to further riches?
Privately held firms with at least $1 billion in value come with daunting price tags that freeze out ordinary investors. Banks that help unicorns raise money are glad to chalk up a few bulky subscriptions â $1 million and more â from top clients. It works fine with regulators who donât want the general public to lose their life savings on risky bets.Â
Were the ticket, say, $1,000, even affluent millennials might want to take a punt on the next Facebook Inc. or Uber Technologies Inc. without having to wait for a stock market debut. That wait is only getting longer. A sizable chunk of $2.5 trillion of uncalled private equity â dry powder â i
Jan 26 2021, 6:58 AM
January 23 2021, 5:30 AM
January 26 2021, 6:58 AM
(Bloomberg Opinion) Why should only the wealthy get to ride unicorns to further riches?
(Bloomberg Opinion) Why should only the wealthy get to ride unicorns to further riches?
Privately held firms with at least $1 billion in value come with daunting price tags that freeze out ordinary investors. Banks that help unicorns raise money are glad to chalk up a few bulky subscriptions â $1 million and more â from top clients. It works fine with regulators who donât want the general public to lose their life savings on risky bets.Â
Were the ticket, say, $1,000, even affluent millennials might want to take a punt on the next Facebook Inc. or Uber Technologies Inc. without having to wait for a stock market debut. That wait is only getting longer. A sizable chunk of $2.5 trillion of uncalled private equity â dry powder â i