Comet Stock
Data Management and AnalyticsLooking to sell Comet stock or options?
Comet has developed a meta machine learning platform designed to create dependable machine learning models for practical applications. This platform enhances models using hyperparameter optimization, an algorithmic approach that reduces the time usually spent on manually fine-tuning ML models. It allows data scientists to automatically track their datasets, code modifications, experiment history, and models in production, streamlining the entire process.
Two Sigma Ventures, GiTV, Techstars, AI Venture Labs, Trilogy Equity Partners, Steve Carver, InvestInData, OpenView Venture Partners, Scale Venture Partners, Union Bay Partners, Founders' Co-op, Fathom Capital (Switzerland), Right Side Capital Management, Amazon Alexa Fund.
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Comet’s stock FAQs
Comet 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 Comet stock. Depending on Comet’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 Comet 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 Comet stock in two ways. First, Comet 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 Comet stock. Note that all transactions in Comet 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.
Comet 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 Comet stock. Typically, shares of private companies like Comet 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 Nov 2021, Comet is reported to have closed an equity financing in which the investors valued the company at $314M. This valuation is typically calculated by multiplying the per share price of the preferred stock sold in the financing by the number of Comet 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 Comet is not currently publicly traded, it does not have a ticker symbol.
Comet has not yet conducted an initial public offering (“IPO”) and so remains a private company. Though Comet 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 Comet 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.
