Keating Capital, a pre-IPO fund, concluded its public offering, raising $86.8 million. Next, the fund plans to list its stock on Nasdaq by the end of the year.
“The completion of our $86 million public offering is a great success for the fund,” said Keating Capital CEO Timothy J. Keating. “To the best of our knowledge, Keating Capital is the only fund of its kind exclusively dedicated to pre-IPO investing in the United States. With our transparency as a publicly reporting fund and with the liquidity we intend to provide through our planned Nasdaq listing, Keating Capital is a unique access vehicle for individual investors to participate in the growth of later-stage private companies before they go public.”