February Data Shows Divergence In Private Company Performance
Key Takeaways Companies in the top 10% of premiums/discounts trading at -16.1% discount to last primary round valuationBuy-side interest rises to 42% of IOIs, median buy-sell spread falls slightlyBuyers, sellers will be navigating SVB fallout going forwardOverview Private market participants are understandably concerned about the closure of Silicon Valley Bank and the resulting impact on the financial sector and technology companies more broadly. While the extent of the fallout still remains to be seen, SVB’s collapse and related bank troubles may inject more caution into the private market. Q...