After SpaceX, Stack Capital Scouts for More Stakes in Late-Stage Unicorns
- Toronto-based investment firm is targeting retail shareholders
- Firm holds stakes in SpaceX, Locus Robotics and Hopper
This article is for subscribers only.
Stack Capital Group Inc., an investment firm that’s targeting retail shareholders, is looking to buy more stakes in late-stage unicorns that could list in the coming months as the market for initial public offerings is thawing.
The Toronto-based company, which went public in 2021, promises individuals who buy its shares access to privately-held businesses, including Elon Musk’s SpaceX. Stack’s goal is to have 10 to 15 businesses in its portfolio, focusing on technology companies that are valued at $1 billion or more and that could go public within the next six to 30 months, Chief Executive Jeff Parks said.