The sponsor of the ERShares Private-Public Crossover ETF (NASDAQ:XOVR) on Monday outlined how the fund navigated the highly hyped IPO of Space Exploration Technologies Corp (NASDAQ:SPCX), or SpaceX, positioning the event as a case study for its private-public crossover investing strategy.
• What’s ahead for XOVR stock?
ERShares said XOVR was designed to give investors exposure to high-growth private companies before they reach public markets, applying what it calls a “VC Lens” across both public and private investments.
The firm argued that the SpaceX listing underscored a broader trend of category-leading companies remaining private longer and creating significant value before becoming widely accessible to public investors.
Key Developments
