Goldman Sachs targets wealthy clients with a new platform for trading private company stakes, tapping demand from startups staying private longer.
Alpha Score of 62 reflects moderate overall profile with moderate momentum, moderate value, moderate quality, moderate sentiment.
Goldman Sachs opened a trading platform for wealthy clients to buy and sell stakes in private companies, the bank said. The service targets high-net-worth individuals looking for exposure to startups before they go public.
Companies are staying private longer than they did a generation ago. Early employees and angel investors end up holding shares they cannot easily sell. Goldman's platform matches buyers and sellers within its wealth management client base.
The private secondary market has grown alongside the venture capital boom. Most trading in these shares happens through specialist funds or informal networks. Goldman's platform competes directly with those networks.
Goldman Sachs shares carry an Alpha Score of 45 out of 100, a Mixed label. More on the GS stock page. The wealth and asset management division has become a larger profit contributor under the firm's push for fee-based revenue.
The platform is available to clients with accounts at the bank. Goldman did not disclose how many transactions have settled through the service.
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