Looking to sell Flexe stock or options?
Flexe, a developer of an omnichannel logistics platform, is designed to establish an open logistics network that streamlines the global delivery of products. The platform by Flexe addresses issues of inventory overflow and fulfillment needs by linking businesses and brands in need of warehousing and fulfillment solutions with warehouse operators who offer these services. This allows companies to bolster their distribution network by accessing cost-effective spaces and enables warehouse providers to optimize their revenue potential without any complications.
Greg Arrese, Schematic Ventures, Atacama Ventures, Activate Capital Partners, Tikhon Bernstam, T. Rowe Price Group, Ride Ventures, North Sky Capital, BlackRock Private Equity Partners, Alumni Ventures, Tiger Global Management, Second Avenue Partners, Acequia Capital, 137 Ventures, Charles Songhurst, Brian Schultz, Fritz Lanman, SV Angel, Prologis Ventures, Madrona Venture Group, The Gramercy Fund, Hank Vigil.
Flexe 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 Flexe stock. Depending on Flexe’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 Flexe 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 Flexe stock in two ways. First, Flexe 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 Flexe stock. Note that all transactions in Flexe 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.
Flexe 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 Flexe stock. Typically, shares of private companies like Flexe 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 Jul 2022, Flexe is reported to have closed an equity financing in which the investors valued the company at $1.09B. This valuation is typically calculated by multiplying the per share price of the preferred stock sold in the financing by the number of Flexe 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 Flexe is not currently publicly traded, it does not have a ticker symbol.
Flexe has not yet conducted an initial public offering (“IPO”) and so remains a private company. Though Flexe 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 Flexe 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.
The company, which helps retailers source warehousing, transportation and other logistics services, also laid off 131 workers in September.
The reduction follows a previous wave of layoffs in November.
Seattle-based logistics startup Flexe raised a $119 million Series D at a $1 billion-plus post-money valuation, as the world continues to grapple with supply chain disruptions.