Harness Valuation Decline
Harness.io valuation seems to have declined from 4B to 2B. What is going on? Is this company going to shut down.
Harness
It seems to be a sinking ship.
Where is the funding announced?
source?
The stock price in private markets is $10 per share. You can check hiive or equityzen
They has been for quite some time 🙃
What’s the source of news?
It was never 4B to start with 😂
The same question, where is the source
Your basis for this post is because you saw Harness equity being sold in the pre-ipo marketplace for half the price of what the last round was valued at? Most of the PreIPO equity on these marketplaces are sold at steep discounts, it’s people wanting to offload a teeny bit out of the mountain load of equity they’re sitting on for whatever personal reasons they might have. So are you making individual posts about each company that you’re seeing on equityzen where people are selling their private equity at a discount? From the looks of it, I don’t think so. It’s pretty evident you have an agenda lol Personally,I would not go around parading this non-sense unless the company in question does a down round or slashes its valuation voluntarily. Maybe I will I guess, about competing companies if I can hide (undisclose) the name of my company too lmao 🤣
Hi Harness HR, The valuation is derived from the price which people are willing to sell their stock for. I am not sure if you have heard of 409A valuation which takes this into account. Afaik most private companies have a clause that you cannot sell stocks in the private market for a price lower than what preferred investors of that company are willing to pay. This clause is exactly to prevent stocks being sold at a lower price than current valuation. So I guess preferred investors of the company are not willing to buy the stocks for 50% discount which says something about their trust. You can fool your potential employees but not seasoned investors. Have fun.
Very true. The valuation was cut in half and it reflected as part of FVM of the company. From close to 4B to half of that. People are not willing to pay for even less than that as $10 is even on a discount after the half valuation cut.
Forge will always have a heavy discount. Look at their latest blog here on the Astera Labs IPO. https://forgeglobal.com/insights/blog/ipo-listing-astera-labs-successful-public-debut Astera shares were trading on Forge at $15.36 at the start of this year and they're now at $79 after their IPO this week. They also have similar revenue to Harness of $116m and aren't making a profit yet so it's a somewhat comparable setup.
Teams that have dealt with Harness want to get rid of Harness, that's why.
Is that bad? LoL