""Demand is so significant that buyers who have FOMO are willing to pay huge premiums for access," said Kelly Rodriques, CEO of Forge Global, a private marketplace exchange for shares of private companies like Anduril."
""The magnitude of the premium is unusual," said Martin. "Usually we see premiums in the 5% to 15% range.""
""It's scalping," he said, comparing the rush for shares to buying tickets to see Taylor Swift on Stubhub when her concert sells out in minutes."
Anduril is experiencing a surge in investor interest, with a reported valuation of $60 billion. Major venture firms are backing the startup, while others are seeking shares on secondary markets at steep premiums. The demand is so high that buyers are willing to pay up to 40% above the valuation. This situation highlights a growing divide in private markets, where access to top startups is limited to certain VC firms. Unauthorized sales of shares have drawn criticism from the company's cofounders.
Read at www.businessinsider.com
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