Bid to Bring Private Assets to Masses Fires Up Meme Crowd
- DXYZ debut is latest push to level playground for PE investing
- Private-stakes marketplaces see big jump in trading volumes
Rather than betting on the likes of GameStop Corp., the Destiny strategy invests in businesses with no public listings at all.
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The meme-stock crowd wants a piece of the rarefied world of private assets, and — for now — there’s big money to be made on Wall Street for anyone who can give it to them.
With a fresh 43% surge in its shares just this week, Destiny Tech100 Inc. (ticker DXYZ) is the nosiest salvo fired yet in the campaign to bring to the masses a class of investments that is usually off-limits to all but professional money managers and the rich.