Startup Promising Private Market Access to Wealthy Investors Collapses
Linqto, which offered its customers the chance to buy stakes in leading AI startups and tech companies, has filed for Chapter 11 bankruptcy.
The SEC is investigating Linqto
Photographer: Tierney L. Cross/BloombergThis article is for subscribers only.
Welcome to The Brink. It’s Jonathan Randles in New York and Steven Church in Wilmington, where we followed the bankruptcy filing of Linqto, a company which offered its customers access to private markets. We also have news on Altice France and Village Health. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
Linqto offered its customers a tantalizing pitch: through the company, they could buy stakes in the hottest AI startups or private tech companies before they went public, something typically available only to big institutions.