TLDR:
Caplight partners with OPEN to power NYSE OPEN Venture Capital Unicorn Index with secondary market data. Caplight centralizes secondary market data, providing over $300 billion in transactional data. OPEN’s index offers insights into private venture capital companies with ICE as the administrator. Caplight and OPEN are committed to innovating the private markets.
Article Summary:
Caplight, a data and trading platform for the pre-IPO secondary market, has partnered with OPEN, a NYSE-backed fund manager, to support the NYSE OPEN Venture Unicorn Index. This index is designed to track the performance of 50 large US-based Unicorns. Caplight acts as a primary data provider, offering pre-IPO secondary market trade data.
Caplight has aggregated over $300 billion of private secondary market transactional data, used by institutional investors and banks to value pre-IPO companies. The partnership with OPEN enhances the valuation approach of private companies. OPEN’s index aims to provide transparency and access to private markets, with ICE serving as the index administrator.
Javier Avalos, CEO of Caplight, expressed excitement about the partnership with OPEN and the opportunities it brings for investors to participate in the private markets. David Shapiro, CEO of OPEN, highlighted the mission to offer access and trusted insights into private markets through the data partnership with Caplight.
Both Caplight and OPEN are dedicated to innovating the private markets, with Caplight focusing on data and liquidity solutions for the pre-IPO secondary market and OPEN bringing index investing to late-stage venture capital to offer better access to innovative private Unicorns.
