Tap Announces USPE IPO for First NYSE-Listed Private Equity Fund-of-Funds
Tap said it is launching USPE through an IPO, describing the product as the first NYSE-listed private equity fund-of-funds. The exchange-traded structure is designed to let investors buy and sell private equity exposure much as they would trade stocks or ETFs.
The company said the offering, enabled by a change in regulatory policy, would remove lockups, accreditation requirements and investment minimums that have traditionally limited access to private equity. Tap also said Robinhood, Webull and Public are among the selling group members for the IPO.
From the sources (4 posts)
@wallstengineTap is launching $USPE, which will be the first NYSE-listed private equity fund-of-funds. It is designed to let investors buy and sell private equity exposure the same way they trade stocks or ETFs. Tap says the structure removes lockups,
@highyieldharryPrivate Equity is finally being marked in the public markets now.
@stocksavvyshayTap is launching $USPE which will be the first NYSE-listed private equity fund-of-funds. It is designed to let investors buy and sell private equity exposure the same way they trade stocks or ETFs.
@unusual_whalesTap is launching an ETF, $USPE, which is set to become the first NYSE-listed fund giving investors publicly traded exposure to private equity funds.