Vestwell Stock
FinTechLooking to sell Vestwell stock or options?
Vestwell is a financial technology company that provides retirement planning and investment solutions for employers, advisors, and employees. Their platform offers automated retirement planning tools, investment options, and administrative services to streamline the process for businesses offering retirement benefits. With a focus on simplicity and efficiency, Vestwell aims to empower employers to efficiently manage retirement plans while providing employees with access to personalized investment options.
Morgan Stanley, Soapstone Capital, Blue Owl Capital, Intuit Ventures, Fin Capital, TriplePoint Capital, Franklin Venture Partners, Primary Venture Partners, BNY Mellon, Nationwide Ventures, Teachers Insurance and Annuity Association of America, Northwestern Mutual Future Ventures, Goldman Sachs Growth Equity, Commerce Ventures, Teamworthy Group, Allianz Life Ventures, Duke Capital Partners, Manulife, StepStone Group, Intuit, Point72 Ventures, Northwestern Mutual, Industry Ventures, TriplePoint Private Venture Credit BDC, Wells Fargo Strategic Capital.
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Vestwell’s stock FAQs
Vestwell 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 Vestwell stock. Depending on Vestwell’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 Vestwell 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 Vestwell stock in two ways. First, Vestwell 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 Vestwell stock. Note that all transactions in Vestwell 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.
Vestwell 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 Vestwell stock. Typically, shares of private companies like Vestwell 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, Vestwell is reported to have closed an equity financing in which the investors valued the company at $1.0B. This valuation is typically calculated by multiplying the per share price of the preferred stock sold in the financing by the number of Vestwell 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 Vestwell is not currently publicly traded, it does not have a ticker symbol.
Vestwell has not yet conducted an initial public offering (“IPO”) and so remains a private company. Though Vestwell 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 Vestwell 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.
