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Vancouver-based Hiive Launches Pre-IPO, Venture Capital-Backed Private Companies 'Share Trading Platform' in Canada (Following US Success)
Monday, May 29, 2023Company Profile | Follow Company
Vancouver, BC, May 29, 2023--(T-Net)--Vancouver-based FinTech company Hiive announced that it has now been approved to deal with sellers and investors in its home country, after emerging as a leading global marketplace for buyers and sellers of stakes in pre-IPO companies.
Sim Desai, CEO, Hiive
"We're proud to finally be able to offer the platform to our fellow Canadians," said Sim Desai, CEO of Hiive.
The trading platform, regulated by FINRA and the SEC in the United States, already services thousands of customers south of the border.
"We've gotten a tremendous reception in the US since launching our platform last July and both user activity and transactions on platform have been rising exponentially," said Desai. "Our vision was to create a transparent, centralized, and automated platform. Market participants are telling us that they really love the product."
Hiive will allow Canadian venture capitalists, investment funds, family offices, and ultra-high-net-worth (UHNW) individuals to more seamlessly access global and Canadian pre-IPO markets.
"Demand for access to investments in these generation-defining startups has been on the rise, particularly amongst investors seeking higher return alternatives to public equities and bonds."
Desai said that it's also an opportunity for Canadian employees who are looking to sell their shares of highly valued technology start-ups to entertain offers from US, Canadian, and global buyers.
"Thousands of Canadians are employed by the 1000+ US, European, and Canadian tech companies that are listed on our platform," Desai said. "With the IPO window firmly shut, this may be one of their only paths to cashing-out in the foreseeable future."
About Hiive
Hiive is a fintech startup offering a marketplace for buyers and sellers of shares in private and pre-IPO, venture-backed companies. The trading platform allows qualified investors to place an order to buy or sell shares of late-stage companies directly with another party, without the need for a live broker.
Hiive was founded by Sim Desai, CEO, a veteran of the private equity secondary market, along with co-founders Sarah Huggins, COO and GC; Prab Rattan, Head of Capital Markets; and Stuart Eccles, CTO and Head of Product.
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