Jun. 30 at 2:13 PM
$PWRL I will admit being a frustrated owner from pre-IPO--my shares didn't transfer in quickly enough to sell at the big premium. That premium vanished quickly because fellow pre-IPO invetors were frustrated it took so long to IPO and RVI and VCX got out first.
But today's situation is different. I saw first advertisements yesterday on CNBC, Bloomberg TV and Axios. More importantly, assuming their SPCX position was marked at
$1.25T pre-IPO, their 6/30 NAV/share should exceed
$17. I believe PWRL is the only of the four VC CEFs that has committed to disclosing NAV/sh monthly, rather than quarterly.
There are still only four easy ways for small investors to get exposure to important, fast-growing, late stage VC businesses. PWRL is by far the cheapest.
$VCX still trades at 4.6x NAV--that will collapse by the time shares unlock in September. Probably a good pair trade.