MarketX, a private investment platform in China, the US and Singapore, is launching a $150-million fund to invest in pre-IPO tech opportunities.
According to an e27 report, the MX50 fund is in “advanced talks” with around 30 Asian family offices and expects to reach a final close by October this year. It aims to invest in five to eight companies, with ticket sizes ranging between $1 million and $100 million. These companies will be expected to see a 2-5x surge in their valuation before their IPO.
