Research notes, valuation updates and IPO news. Every note is dated, sourced, and linked to the standing analysis on the relevant company or provider page.
In-depth investor guides
Read the full explanations, worked examples, comparison tables, diligence checklists and primary references. These educational guides are separate from event-driven news reports.
What Is an SPV? Structure, Fees, Risks, and What Investors Own
Learn what an SPV is, what investors own, how fees and distributions work, and which documents, transfer restrictions and risks to check.
Read the note →Investor educationHow to Buy Pre-IPO Shares: A Practical Investor Guide
Learn how to buy pre-IPO shares, compare direct deals and funds, verify ownership and fees, and check eligibility, settlement and exit risks.
Read the note →Investor educationAccredited Investor Requirements by Country
Compare private-investor eligibility in the US, UK, Singapore and India, including qualification evidence, local rules and reduced protections.
Read the note →ComparisonSPV vs Direct Investment: Which Structure Fits?
Compare SPV and direct private-share ownership, voting rights, reporting, fees, taxes and exit mechanics using a worked cost example.
Read the note →Private marketsHow Private-Company Secondary Market Pricing Works
Explores the intricacies of private company secondary market pricing, distinguishing key terms and factors influencing valuations and transactions.
Read the note →RiskPre-IPO Investing Risks: Liquidity, Dilution, and Valuation
Explore pre-IPO investing risks: liquidity, dilution, valuation, preferences, fraud, and more, with hypothetical examples and due diligence.
Read the note →SPVSPV Fees Explained: Placement, Management, Carry, and Admin Costs
Understand SPV entry fees, management charges, administration and carry, with a worked cash waterfall and questions for comparing total costs.
Read the note →ComparisonIPO vs Pre-IPO Shares: What Is the Difference?
Explore the critical differences between pre-IPO and IPO shares, covering investment mechanisms, regulatory oversight, liquidity, and risk factors.
Read the note →ValuationHow to Value a Private Company Before an IPO
A detailed guide to valuing private companies pre-IPO, covering methodology, financial analysis, and market considerations for informed investment decisions.
Read the note →ComparisonAIF vs PMS for Private-Market Exposure in India
Detailed comparison of AIFs and PMS in India for private market exposure, covering structures, regulations, investment mandates, fees, and tax implications.
Read the note →What we publish
저희는 비상장 기업의 가치나 접근 방법을 바꾸는 일이 생겼을 때 게시합니다. 새 라운드, 상장 신청, 인수, 또는 어떤 플랫폼이 물량을 보유하는지의 변화입니다. 콘텐츠 캘린더는 운영하지 않습니다. 비상장 시장은 일정에 맞춰 의미 있는 뉴스를 내놓지 않기 때문입니다.
Why freshness matters here
날짜 없는 기업가치는 거의 쓸모가 없습니다. 비상장 기업은 몇 달 간격의 개별 사건에서 가격이 다시 매겨지므로, 직전 라운드의 평가는 귀하가 읽을 무렵이면 크게 낡아 있을 수 있습니다. 저희가 게시하는 모든 것에는 날짜가 있고, 모든 주장은 그것을 뒷받침하는 1차 출처를 가리킵니다.
독립적인 관점
다른 전문가들은 어떻게 말할까요?
이 페이지의 주제를 보완하는 공개 토론입니다. 전체 내용은 YouTube에서 확인할 수 있습니다.
Investing Pre-IPO: What Investors Need to Know to Navigate the Market
EquityZen
요약: EquityZen co-founder Phil Haslett explains how private-market access works, why employees and early investors sell shares, and what investors should understand before considering a pre-IPO opportunity.
YouTube에서 보기 ↗Private markets explained
Julius Baer
요약: A concise overview of private markets, including how private investments differ from public markets and why access, liquidity, and investor suitability matter.
YouTube에서 보기 ↗Pre-IPO Investing: A Guide to Investing in Startups and Innovative Tech Companies
Pre-IPO Investing
요약: This guide surveys common pre-IPO routes, including venture funds, equity crowdfunding, secondary marketplaces, syndicates, and special purpose vehicles.
YouTube에서 보기 ↗How to use these notes
사건은 노트로, 상시 분석은 기업 또는 제공업체 페이지로 읽으십시오. 노트는 무엇이 바뀌었는지 알려 주고, 상시 페이지는 그것이 접근성·비용·위험에 무엇을 뜻하는지 알려 줍니다.
How we source and verify
Each expanded guide links to the relevant regulator, tax authority or valuation body. Hypothetical calculations are labeled as illustrations, not quotes, predictions or provider terms. A source-check date records when we consulted a reference; it is not a certification that all laws or offering terms are unchanged.
Follow the evidence
For dated company events, visit the private-market news hub. Compare issuer-specific information in the company directory and provider descriptions in the fund and platform directory. A directory entry does not establish live allocation, executable pricing or investor eligibility.
위험 고지
프리IPO 및 비상장 증권은 유동성이 낮고 투기적입니다. 투자 원금 전액을 잃을 수 있습니다. IPO나 기타 출구가 보장되지 않으며, 기업가치는 거래 가능한 가격이 아닌 참고치입니다. 향후 라운드에서 지분이 희석되거나 재평가될 수 있습니다. 이 페이지는 일반 정보이며 개인 상황에 대한 조언이 아닙니다.
자주 묻는 질문
Are these guides investment recommendations?
Why do the guides link to dated regulatory sources?
작성자 소개
Ben Sim
PreIpoFunds 창업자 겸 리서치 총괄. 비상장 시장 접근, 펀드 구조, 그리고 개인 및 적격 투자자가 실제로 프리IPO 기업에 닿는 방법에 관해 씁니다. 전체 프로필 및 리서치 방법론 →
출처 및 참고자료
점선 밑줄이 있는 수치는 참고치이며, 이에 근거해 행동하기 전에 제공업체의 공시로 반드시 확인해야 합니다.