Linqto stocks up on Ripple shares but implies high demand.
The leading private investment platform Linqto which allows investors to buy into companies before they go public, now has Ripple stocks again available for accredited investors.
However, per a tweet today from finance author Linda P. Jones, these stocks are expected to sell out in 24 hours. She added that new customers who invest at least $5k get up to $250 in bonuses to use in their next investment.
Invest in #Ripple stock pre-IPO. Accredited Investors who open a new account at Linqto & invest a minimum of $5k today, get a $250 investment credit toward ur next investment. Stock is expected to sell out w/in 24 hours. Sign up here: https://t.co/NjLAjN82lb
— Linda P. Jones (@LindaPJones) January 11, 2023
Nick Burrafato, Linqto’s director of member investments, confirmed this development in a tweet hours later. While he says the investment firm is working on adding to its inventory, he warns that the prices of new blocks could be higher.
Ripple is now available on the Linqto platform and is expected to sell-out within 24 hours.
We are actively working to secure additional inventory but there is no guarantee future blocks will be available at this current discounted price. (accredited investors only) pic.twitter.com/VnrUJJ6xv1
— Nick Burrafato (@Nick_Burrafato) January 12, 2023
As highlighted, this opportunity is only for accredited investors. This is because investments in private companies are considerably less liquid than in public companies and, as such, carry increased risk. However, accredited investors engage in these investments to sell at higher prices when the company goes public.
Per a blog post from Jones, to become an accredited investor, you need to have $1 million in assets or more outside your primary residence or an income of at least $200k for two years as an individual or $300k as a couple, or you can have a banker, broker, lawyer, or accountant attest to your net worth. Registered Series 7, 65, or 82 financial representatives also qualify.
Recall that Linqto had previously disclosed that Ripple was the company on the platform. The firm sold out available Ripple stock on January 7, as disclosed in a tweet.
“We are currently out of Ripple inventory, but we are working hard to secure more in a tight market as many in the digital asset space anticipate a Q1 settlement event in Ripple’s lawsuit against the SEC,” Linqto wrote. “We’ll make sure to communicate when a new block will be available.”
We are currently out of Ripple inventory, but we are working hard to secure more in a tight market as many in the digital asset space anticipate a Q1 settlement event in Ripple's lawsuit against the SEC. We'll make sure to communicate when a new block will be available. pic.twitter.com/a1bC5V7iJf
— Linqto (@linqtoinc) January 7, 2023