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Destiny Tech 100 (DXYZ) went public last month with a NAV of $4.84 but started trading at $8.25, closing at $59.20 on Friday and reaching around $80 by noon today. Market sentiment is divided as it has a NAV of $54 million and a market capitalization of $875 million, with some suggesting it should be trading at $5.32 per share based on its NAV.
$DXYZ should be trading at $5.32 per share. Why? Let's look at the fund's net asset value. Net asset value is simply the value of a fund's underlying holdings. In this case, Destiny Tech 100's NAV was $4.84 per share as of the end of 2023. Assume a 10% premium for market… https://t.co/aEQxqWgmQh
$DXYZ should be trading at $5.32 per share. Why? Let's look at the fund's net asset value. Net asset value is simply the value of a fund's underlying holdings. In this case, Destiny Tech 100's NAV is $4.84 per share as of the end of 2023. Assume a 10% premium for market… https://t.co/dlB5UrkXYZ
If you are looking for an indicator of market sentiment right now... DXYZ "has a net asset value of $54 million and a market capitalization of $875 million." Somebody is wrong, indeed. https://t.co/D5MUhS4kaR
