Research
Secondary Market
Pre-IPO trading activity for 18 portfolio companies · estimates as of April 18, 2026
Companies Trading18on secondary platforms
Sourced Values15with a valuation or market cap
IPO Pipeline4companies with expected IPO
 AnthropicAI / ML#1 Setter 30 | Valued at $965B | Very High | AugmentForge Global+1 | 2026-2027 |
|---|---|---|---|---|
 Scale AIAI / ML | Valued at $29B | High | Forge GlobalEquityZen | 2026-2027 |
 KalshiFinance | Valued at $22B | Moderate | Forge Global | — |
 KrakenBlockchain / Crypto | Valued at $21B | Moderate | Forge GlobalEquityZen | 2026 |
 PolymarketBlockchain / Crypto | Valued at $21B | Moderate | Forge Global | — |
 Shield AIBlockchain / Crypto | Valued at $12.7B | Moderate | Forge Global | 2026 |
 Replit, Inc.Developer Tools | Valued at $9B | Moderate | Forge GlobalEquityZen | — |
 GleanAI / ML | Valued at $7.2B | Moderate | Forge Global | — |
 PostmanDeveloper Tools | Valued at $5.6B | Low | Forge GlobalEquityZen | — |
 MercuryFinance | Valued at $5.2B | Low | Forge Global | — |
 LightmatterHardware | Valued at $4.4B | Low | Forge Global | — |
 KoBold MetalsAI / ML | Valued at $2.96B | Low | Forge Global | — |
 Varda Space IndustriesAerospace | Valued at $1.6B | Low | Forge Global | — |
 Boom SupersonicTransportation | Valued at $1.5B | Low | Forge Global | — |
 Eight SleepConsumer | Valued at $1.5B | Low | EquityZen | — |
 GroqAI / ML | Not published | Moderate | Forge Global | — |
 LambdaAI / ML | Not published | Moderate | Forge Global | — |
 PikaMedia / Entertainment | Not published | Moderate | Forge Global | — |
Trading activity is reported on platforms like Forge Global, Augment, and EquityZen. Implied secondary prices are not shown: a company value appears only where a published source states it, with the publisher and month. Trading data sourced from WSJ, Forbes Setter 30, Reuters, and platform reports (Q1 2026); for informational purposes only.