Replies to post #4964735 on BB's Stock Haven

[bigstocksnbonds]

In an unprecedented surge within the financial market, the Destiny Tech100 fund, recognized by its ticker DXYZ on the New York Stock Exchange (NYSE), has remarkably multiplied in value, recording an 818% increase since its recent public offering. Initially pegged at $8.25, the fund’s market value rocketed to $825 million, primarily driven by savvy investments in innovative technology firms such as SpaceX and OpenAI.

The fund’s ascent has attracted attention within the investment community as its aggressive growth strategy begins to bear fruit. With 23 companies presently under its wing, and plans to broaden its investment portfolio to 100 entities, Destiny Tech100 is shaping up to become a prominent tech investment vehicle. The fund’s largest holding is a 34.6% stake in the aerospace giant SpaceX, a substantial position that was valued at around $18.4 million at the year’s end, as detailed in Destiny’s 2023 annual report. Other key investments include notable positions in Epic Games, OpenAI, and fintech company Chime.

[bigstocksnbonds]

Destiny Tech100 (DXYZ) began trading on the New York Stock Exchange on March 26, 2024, offering investors a unique opportunity to participate in the growth of leading private companies. Trading in the stock was at a range of prices from $8.25 to $30.48 after debuting at an opening price of $8.25, up 70.5% from a reference price of $4.84. Shares closed at $9.00 on a volume of 540k shares traded over the course of the day.

"We are excited to welcome Destiny Tech100 to the New York Stock Exchange, which seeks to offer investors access to private market opportunities with the liquidity and protections available in our public markets," said John Tuttle, Vice Chair, NYSE Group.

The Tech100 is designed to be a portfolio of 100 of the top private technology companies, with current holdings including SpaceX, OpenAI, Discord, and Stripe.

About D/XYZ

Destiny XYZ Inc. (“D/XYZ” and “Destiny”) is a pioneering investment firm that is reshaping the landscape of investment by making it more accessible, transparent, and equitable. With a focus on innovation and impact, Destiny XYZ provides access to investment opportunities that were previously out of reach for the average investor, empowering them to be a part of the success stories of tomorrow's leading companies.