January 2023
Private Market Report - January 2023
Market conditions for private technology stocks deteriorated further in December as participants continued to respond to a higher cost of capital environment. Most of our metrics suggest even higher discounts and lower liquidity during the month.
188
Private issuers with activity on the platform during the month
661
Live orders to buy or sell on platform
62%
Average transaction price as % of last known funding round
$1.0Bn
Value of listings for sale on the platform
Discounts deepened from November’s level of 41.8%, placing further downward pressure on valuations.
Discounts deepened from November’s level of 21.7%, signalling a further rise in seller motivation.
The bid/ask ratio fell further into a buyer’s market relative to the November reading of 0.5.
The bid/ask spread remained steady in December signalling continued low liquidity.
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