Destiny Tech100 Inc rocketed 55% in morning trading as SpaceX is its largest holding.
What You Should Know Before Buying DXYZ Stock
If you’re a risk taker and into meme-tech stocks, Destiny Tech100 (NYSE:DXYZ) is certainly an intriguing option to consider. This close-ended management investment, the DXYZ stock, operates as an ETF, holding what managers believe are the “top 100 high-growth tech companies.” Notably, these companies are venture-backed and privately-listed, meaning investors can gain exposure to companies that may otherwise be unavailable on the private market.
Destiny XYZ Inc. manages the company and offers exposure to innovative companies like SpaceX and OpenAI. It began trading on March 26 and aims to provide everyday investors with access to exciting private businesses.
Here’s everything you need to know about the DXYZ stock.
The DXYZ Stock is a New NYSE Member
Destiny Tech100 debuted on the New York Stock Exchange on March 26, 2024. Its opening price was $8.25, up 70.5% from the reference price of $4.84. Trading ranged from $8.25 to $30.48, closing at $9.00 with 540,000 shares traded. The company aims to provide investors access to private market growth opportunities in a public market setting, and has clearly seen very strong demand.
The company has revolutionized private-sector investing, making it more accessible and transparent. Destiny Tech100 offers opportunities previously unavailable to average investors and focuses on innovation and impact.