Roaring AI-Linked Debuts Drive Demand for Pre-IPO Shares (1)

Oct. 22, 2025, 7:17 PM UTC

A wave of successful initial public offerings is driving a surge of interest in private companies, as investors clamor for exposure to artificial intelligence-related firms before they hit public markets.

Platforms offering accredited investors the chance to invest in pre-IPO names are fielding more inquiries and executing more trades after AI bets such as cloud computing firm CoreWeave Inc. and design software company Figma Inc. delivered outsize gains soon after listing.

Trading volume on the private secondary market run by EquityZen Securities more than doubled in the third quarter versus a year ago, and the total value of buy orders ...

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