AI Pre-IPO · One-pager · 2026Liquidity infrastructure for the pre-IPO AI market.
How Cerebras, Lambda, and Perplexity-class issuers run continuous secondaries.
$250M+
monthly transaction volume
>60%
of US decacorns trade on Hiive
100%
of decacorn AI labs are eligible issuers
Why now
The pre-IPO market changed. The plumbing didn't.
Tender offers run twice a year. Demand for liquidity runs every day. Without an issuer-controlled venue, secondary trades happen anyway, in opaque SPVs, off your cap table, at prices you didn't set.
How Cerebras, Lambda, and Perplexity-class issuers run continuous secondaries.
The Hiive issuer program
Four pillars, already running for thousands of companies and shareholders.
Pillar 1
Discover market pricing
Hourly real-time price discovery on your share class. Defensible, audit-ready market data.
Pillar 2
Access the market directly
Verified institutional buyers, vetted by your program rules. Direct match. No SPV chains.
Pillar 3
Automate every transaction
Standardized fees, transfer documents, approval workflow. Brokers stop chasing your team.
Pillar 4
Manage your market
Pre-approve buyers, set price floors and volume caps, open and close trading windows on your cadence.
Trusted by the most-watched private companies
More than 60% of US decacorns and 95% of tier-1 VCs already operate on Hiive, that's the buy-side and sell-side, in one place.
Pulled from hiive.com platform stats · 2026
Run continuous secondaries for AI's most-watched private companies.
See how AI leaders use HiiveMember FINRA / SIPC · Hiive Markets Limited · 2026