The secondary market for hot start-ups is back, but not so much for enterprise software.
Forge Global, a leader in providing secondary liquidity to unicorns, has reported that trading in enterprise software companies has only seen a 6.4% appreciation in value.
In contrast, AI and defense tech have experienced significant growth in the secondary market.
Fintech showed positive returns, with Stripe, Ramp, and Chime seeing significant increases in value.