Startup Promising Private Market Access to Wealthy Investors Collapses

Startup Promising Private Market Access to Wealthy Investors Collapses

Linqto, which offered its customers the chance to buy stakes in leading AI startups and tech companies, has filed for Chapter 11 bankruptcy.

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Linqto, a private investment platform holding 4.7 million Ripple shares, filed for Chapter 11 bankruptcy in the Southern District of Texas. The filing comes after several months of legal turmoil and federal investigations into potential securities law violations. Ripple’s Clarification and Linqto’s Relationship Ripple CEO Brad Garlinghouse clarified that while Linqto holds Ripple shares, the two companies have no business relationship. Despite o…

Ripple Shareholder Linqto Faces Bankruptcy Hearing

Linqto, a private investment platform that allows investors to buy shares in pre-initial public offering companies, has filed for Chapter 11 bankruptcy. The company also holds 4.7 million Ripple shares bought on the private market. Linqto filed for bankruptcy with the US District Court for the Southern District of Texas on Monday. The filing came soon after Ripple CEO Brad Garlinghouse clarified last week that Linqto owns 4.7 million secondary R…

Ripple shareholder Linqto files for Chapter 11 bankruptcy

Linqto, a company focused on pre-IPO firms and a holder of 4.7 million Ripple shares bought on a private market, has filed for Chapter 11 bankruptcy.

Linqto files for Chapter 11

Linqto, a global investing platform designed to give accredited investors indirect access to investments in private companies and unicorns, has filed for Chapter 11. The post Linqto files for Chapter 11 appeared first on FX News Group.