In a recent LinkedIn post, Maxpog offers a detailed look into the secondary market pricing of prominent private companies, providing valuable data for traders and venture capitalists alike. The post highlights significant discrepancies between last-round valuations and current secondary market prices, suggesting a complex and dynamic environment for pre-IPO companies.
Understanding the Secondary Market Landscape
Maxpog’s analysis centers on a live database of secondary prices for over 60 top private companies, including significant AI players like OpenAI, Anthropic, and Cursor. The journalist emphasizes that this data serves as a critical tool for those involved in secondary trading.
“If you trade secondaries, it’s a map of where the discounts are.”
According to Maxpog, the database is also crucial for venture capitalists seeking to benchmark their portfolio marks against real-world market activity. As Maxpog points out, this is particularly relevant before limited partners (LPs) conduct their own due diligence on fund performance metrics like Distributed to Paid-In Capital (DPI).
Wide Spreads Reflect Market Volatility
A key takeaway from Maxpog’s post is the considerable breadth of valuation spreads observed in the secondary market. The data reveals instances where companies are trading at substantial discounts to their last funding rounds, while others command significant premiums.
Maxpog illustrates this volatility with specific examples:
- Flexport: −87%
- Chainalysis: −82%
- Discord: −55%
- SpaceX: +91%
- Cursor (Anysphere): +54%
This wide range underscores the nuanced factors influencing secondary market sentiment, from company-specific performance to broader market trends and investor appetite.
Database Contents and Accessibility
The comprehensive database shared by Maxpog includes several key data points designed to provide a holistic view of each company’s secondary market standing. As Maxpog details, the information within the database includes:
- Last round valuation versus secondary implied valuation
- Company sector
- Computed discount or premium
- 90-day trend and potential IPO catalysts
- Key contact information (name, title, LinkedIn profile) and company website
Maxpog invites interested parties to engage with the post to access this valuable resource. The call to action is clear:
“👉 Comment “IPO” and I’ll DM you the full database.”
Maxpog’s initiative offers a transparent and data-driven approach to understanding the often opaque world of private company valuations in the secondary market, providing a ‘reality check’ for investors and stakeholders.
📝 About This Content
This article is based on insights shared by Maxpog on LinkedIn.
📅 Originally posted on June 9, 2026 | View original post on LinkedIn →