Rainmaker Securities, LLC

Following SpaceX’s IPO, our Managing Director, Greg Martin, joined Yahoo Finance to discuss how the company’s debut could reshape the pipeline for the next generation of IPOs.    In his view, Greg shared that Anthropic and OpenAI may be close behind. He also noted that continued private market demand for both companies reflects investor confidence in their high valuations and long-term growth potential.    Watch the full interview here: https://lnkd.in/g8XdhBPi    #SpaceX #Anthropic #OpenAI #IPO #PrivateMarkets #Secondaries   

"They were taking a chance on Elon, and it came up aces for them."    Our Managing Director, Greg Martin, spoke with CNBC about the investors who backed SpaceX early and are now poised to benefit from one of the largest value creation stories in venture capital history.    Greg explains that SpaceX's tightly managed cap table made early access especially valuable. The company’s selective approach to ownership created scarcity, giving some early investors the opportunity to benefit from their initial investment, and participate in subsequent funding rounds as the company continued to grow.    Read the full CNBC article here: https://lnkd.in/gJATidt2     #SpaceX #IPO #PrivateMarkets #Secondaries #VentureCapital #Investing 

“The AI trade is still very strong. There’s clearly insatiable demand for AI infrastructure companies.” Our managing director Greg Martin recently joined Yahoo Finance live to discuss the Cerebras IPO and broader momentum behind the AI infrastructure sector. Greg notes that investors are currently focused on the sheer scale of AI’s total addressable market and the long-term opportunities that lie ahead. While the question of just how big AI will be still lingers, expectations for the market are in the trillions – and that potential continues to drive strong market enthusiasm around the AI ecosystem. Watch the full interview here: https://lnkd.in/ezVUcrJD #Cerebras #IPO #AI #AIInfrastructure #Secondaries #PrivateMarkets

"It's been an epic run for Anthropic. Everybody wants to be part of a generational opportunity in AI, and right now, Anthropic is in the pole position." Our CEO, Glen Anderson, recently spoke with Business Insider about the intensifying arms race between leading names in AI, including Anthropic and OpenAI. Glen highlights how demand in the secondary market is significantly outpacing supply, with recent investor activity pushing Anthropic's implied valuation to nearly $800 billion. He notes that much of this demand is driven by investor ‘FOMO’ as sentiment has increasingly shifted in Anthropic’s favor compared to competitors like OpenAI. Read the full article in the comments below. https://lnkd.in/g-5g6s94 #PreIPO #Anthropic #OpenAI #PrivateMarkets #SecondaryMarkets

Our Managing Director Greg Martin joined Bloomberg News TV to discuss the IPO market revving back up and how expectations around potential mega listings from Anthropic, OpenAI, and SpaceX are shaping investor sentiment.   Greg highlighted strong liquidity in the secondary market, particularly for high-growth, in-demand companies like Anthropic, which are seeing extraordinary demand on Rainmaker's platform.   With SpaceX, OpenAI and Anthropic all potential IPO candidates in 2026, activity in the secondary market is accelerating as investors position ahead of these landmark listings.   Watch here:  https://lnkd.in/eWG_8p36 #PrivateMarkets #SecondaryMarkets #IPO #OpenAI #Anthropic #SpaceX #Cerebras

Private markets have long lacked consistent reference points - particularly in the secondary market for late-stage private companies. Today, we’re proud to announce the Rainmaker 20 Index, a proprietary benchmark designed to deliver greater transparency, consistency, and data-driven insight into the valuation trends of the leading late-stage private companies. The Index tracks movements across 20 actively traded private companies, offering a structured reference point for observing pricing trends and broader private market dynamics among mature private technology leaders, including companies such as SpaceX, OpenAI, and Anthropic. The launch follows a record-breaking 2025 for Rainmaker, including 70% year-over-year transaction volume growth, underscoring accelerating demand for private market liquidity. Learn more about the Rainmaker 20 Index and its methodology here: https://lnkd.in/eRq7XsJC #PrivateMarkets #Secondaries #Liquidity #Investing #MarketData #PreIPO

Rainmaker’s 2026 Outlook highlights a significant trend reshaping investor behavior: LPs and ultra-high-net-worth individuals increasingly moving away from traditional PE/VC vehicles toward direct exposure in the private secondary market.   CEO Glen Anderson notes that PE/VC funds continue to face liquidity constraints and many LPs are reassessing whether pooled fund commitments still offer the return and transparency they expect.   At the same time, major institutions have expanded into the pre-IPO space, underscoring how important private market access has become for both client acquisition and retention.   As the pre-IPO ecosystem continues to mature, Glen believes that platforms enabling direct, transparent, and flexible access to late-stage private companies will be integral to the future of portfolio construction.   Read the full 2026 Outlook: https://lnkd.in/eBU3arWk   #PrivateMarkets #SecondaryMarkets #Liquidity #VentureCapital #PrivateEquity #PreIPO

In the 2026 Rainmaker Outlook, Managing Director Greg Martin outlines a turning point for AI: the shift from experimentation to return on investment.   Greg notes that for several years, enterprises poured billions into AI with ambitions to future-proof operations and capitalize on the potentially significant revenue opportunity. However, in 2026, he expects public markets and investors to focus far more on measurable progress - including ROI, real adoption, and visible end-user benefit.   Companies that fail to demonstrate productivity gains may face spending pullback and customer churn, while those showing tangible improvements for consumers and enterprises will emerge as clear winners.   Read the full 2026 Outlook: https://lnkd.in/eBU3arWk   #AI #ROI #PrivateMarkets #SecondaryMarkets #TechIPO #PreIPO

Our CEO Glen Anderson spoke with Fortune’s Jeff John Roberts about the impending IPO boom, as the pipeline of high-profile private companies preparing to enter the public markets in 2026 continues to expand.     Glen shared perspective on pre-IPO access for in-demand private names, noting continued investor appetite for shares in companies like SpaceX and OpenAI. He also emphasized that disciplined valuation work remains important – even as the market heats up.   At Rainmaker, we’re continuing to see strong demand across late-stage AI and tech companies as they gear up for potential listings, with investors increasingly focused on access, pricing rigor, and long-term fundamentals.     Read the full article: https://lnkd.in/eJhaCsF5   #PrivateMarkets #SecondaryMarkets #IPO #PreIPO #AI #SpaceX #OpenAI #Liquidity

2026 is poised to be a defining year for late-stage private companies and will likely usher in a meaningful reopening of the IPO window Rainmaker, according to Rainmaker CEO Glen Anderson and Managing Director Greg Martin.   In our annual outlook, Glen and Greg outline how dozens of companies that planned to go public in 2025 were forced to delay due to the late-year government shutdown – creating significant pent-up supply heading into this year.   They highlight a range of late-stage leaders they’re watching closely for potential listings in 2026, including Lambda, Canva, OpenAI, Rippling, Deel, Fanatics, and Databricks.   With liquidity conditions improving and investor appetite strengthening, they expect a robust slate of public debuts in the first half of the year.   Read the full 2026 Outlook: https://lnkd.in/eBU3arWk   #PrivateMarkets #SecondaryMarkets #IPO #PreIPO