Opportunistic investors are giving up on aging pre-IPO companies, shows a new report

It’s a tough time to be a richly priced company that didn’t go public when the getting was good. Not only are there fewer later-stage players with the resources and appetite to support such companies — SoftBank and Tiger Global have pulled back dramatically, for example — but even secondary investors have lost interest.
That’s our reading of a new report by the private securities marketplace Forge, which itself went  public in 2021 by merging with a special purpose acquisition company. Per the report, though 40% to 50% of investor interest on the platform at ̶