Looking to sell AssemblyAI stock or options?
AssemblyAI has developed a speech recognition system aimed at automating the transcription of audio. This innovative system leverages artificial intelligence to incorporate industry-specific terminology, names, or phrases, allowing it to transcribe streaming audio in real-time. This capability enables developers to create tailored chat interfaces cost-effectively.
FZF Ventures, Daniel Gross, MAVA Ventures, Accel, Patrick Collison, Insight Partners, Amrit Singh, Nat Friedman, David Morin, TechNexus Venture Collaborative, Smith Point Capital, Y Combinator, John Collison, Keith Block.
AssemblyAI is currently a private company. This means that the company is not listed on any public exchange and so there is no public market for its stock. However, there may still be ways to monetize AssemblyAI stock. Depending on AssemblyAI’s policies, you may be able to: (1) find a private buyer in the secondary market to purchase your stock, (2) borrow against your stock, or (3) exchange AssemblyAI stock into the Collective Exchange Fund for a limited partnership interest and then borrow non-recourse against your interest to generate immediate cash. This last alternative can be much quicker and net you more after-tax cash than your other options. An exchange into our fund also reduces your risk by diversifying your holdings out of an over-concentrated position.
Collective Liquidity can provide liquidity to shareholders of AssemblyAI stock in two ways. First, AssemblyAI employees can exchange shares into the Collective Exchange Fund and then borrow non-recourse to generate immediate cash. This can net you more after-tax cash than a stock sale. It also reduces your risk by diversifying your holdings out of an over-concentrated position. In some cases, Collective may also be able to purchase your AssemblyAI stock. Note that all transactions in AssemblyAI shares are subject to the company’s policies regarding secondary transactions. Schedule a call with a Collective Liquidity representative to learn more about your private market liquidity alternatives.
AssemblyAI stock is not listed on any public exchange and so there is no public market for its shares. Therefore, there is no single, centralized price for AssemblyAI stock. Typically, shares of private companies like AssemblyAI are set with buyers in one off negotiations. Collective Liquidity, however, uses a proprietary algorithm to determine its bids so we almost always have an immediately actionable price for you.
On Dec 2023, AssemblyAI is reported to have closed an equity financing in which the investors valued the company at $303M. This valuation is typically calculated by multiplying the per share price of the preferred stock sold in the financing by the number of AssemblyAI shares outstanding assuming the conversion of all stock options, warrants, etc.
Tickers are used to identify company’s shares on public markets like the NYSE or Nasdaq. Because AssemblyAI is not currently publicly traded, it does not have a ticker symbol.
AssemblyAI has not yet conducted an initial public offering (“IPO”) and so remains a private company. Though AssemblyAI is a well-known, successful company, there can be no assurance that it will ever go public or be sold. Because of the risk this imposes on AssemblyAI shareholders, many investors elect to gain liquidity for at least some of their shares before the IPO. Schedule a call with a Collective Liquidity representative to discuss your private market liquidity alternatives.