Investing in the next big tech sensation has always been the dream of many. Imagine owning a slice of the next Apple (NASDAQ: AAPL), Google (NASDAQ: GOOGL), or Amazon (NASDAQ: AMZN) before they became household names. Well, that dream might just be within reach, thanks to the Destiny Tech 100 Fund (NYSE: DXYZ). In this piece, we’ll explore why you should consider DXYZ stock as your next investment.
What is Destiny Tech 100?
The Destiny Tech 100 is not a typical investment fund. It’s designed to be an exchange-listed portfolio of the Top 100 High-Growth Tech Companies. Nevertheless, these aren’t your run-of-the-mill publicly traded giants; these are the disruptors, the innovators, and the game-changers that are shaping the digital future.
Please note that the Destiny Tech 100 fund is a new investment opportunity in the market. Investing in private companies, particularly those not subject to the same disclosure and regulatory requirements as publicly traded companies, carries inherent risks. While the potential for significant returns may be enticing, it’s crucial to exercise caution and conduct thorough due diligence before making any investment decisions.
Here’s what you need to know about the Destiny Tech 100:
- Venture-backed powerhouses: The fund invests in venture-backed private technology companies. These are the startups and scale-ups that have been vetted by top U.S. institutional investors. Think SpaceX, OpenAI, Epic Games, Discord, Superhuman, and Stripe;
- NYSE listing: Destiny Tech100 common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol DXYZ. And yes, you read that right—these private market gems are now accessible to retail investors.
DXYZ stock IPO
Destiny Tech 100 went public on March 26, 2024, on the NYSE under the ticker symbol DXYZ, providing investors with a distinctive chance to engage in the expansion of prominent private enterprises.
DXYZ IPO price fluctuated between $8.25 and $30.48 after its debut at $8.25, marking a remarkable 70.5% increase from a reference price of $4.84. At the day’s close, shares settled at $9.00, with a trading volume of 540k shares throughout the day.
Destiny Tech 100’s holdings
Let’s dive into the juicy part—the companies that make up the Destiny Tech 100 portfolio. As of April 11, 2024, here are the top 10 marquee names:
| SpaceX | 34.6% |
| Axiom Space | 9.7% |
| Boom Supersonic | 4.6% |
| Epic Games | 4.0% |
| Brex | 4.0% |
| Superhuman | 4.0% |
| OpenAI | 3.8% |
| Revolut | 3.4% |
| ClassDojo | 3.0% |
| Relativity Space | 2.7% |
DXYZ stock price today
As of April 11, 2024, DXYZ stock price is $56, showing a year-to-date uptick of $47.
The bottom line: Is DXYZ stock a good buy?
Now for the million-dollar question—should you invest in Destiny Tech 100? Well, there isn’t a simple answer to this question. There are both ups and downs to consider. That said, here’s our take:
| Pros | Cons |
| Access to high-growth tech companies | Tech stocks can be volatile |
| Diversification | Private companies are not subject to the same reporting requirements as public companies. |
| The thrill of being an early investor | / |
Remember, investing is a marathon, not a sprint. With that in mind, Destiny Tech 100 can be your ticket to the tech revolution. Whether you’re a seasoned investor or a curious newbie, you should keep an eye on DXYZ, as it might just be that one stock that turns things around for you and your future.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Source: https://finbold.com/own-a-piece-of-the-next-apple-before-its-public/