Looking to sell Nirvana stock or options?
Nirvana operates a commercial insurance platform designed to help fleets enhance safety and cut costs. The company's platform provides AI-driven insights and ongoing risk monitoring to help fleets understand driving behaviors and improve safety performance, ultimately reducing accidents. By creating high-quality, user-friendly experiences, Nirvana enables clients to access insurance services with ease.
Samuel Hodges, General Catalyst, Spike Lipkin, Tokio Marine Future Fund, Lightspeed Venture Partners, Tokio Marine Holdings, Valor Equity Partners, Fidji Simo, Elad Gil.
Nirvana 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 Nirvana stock. Depending on Nirvana’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 Nirvana 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 Nirvana stock in two ways. First, Nirvana 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 Nirvana stock. Note that all transactions in Nirvana 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.
Nirvana 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 Nirvana stock. Typically, shares of private companies like Nirvana 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 Oct 2023, Nirvana is reported to have closed an equity financing in which the investors valued the company at $368M. This valuation is typically calculated by multiplying the per share price of the preferred stock sold in the financing by the number of Nirvana 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 Nirvana is not currently publicly traded, it does not have a ticker symbol.
Nirvana has not yet conducted an initial public offering (“IPO”) and so remains a private company. Though Nirvana 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 Nirvana 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.