The Boring Company was founded in 2016 by Elon Musk. In October 2023, Reuters reported that the company’s shares rose over 22% in employee share sale shares, with The Boring Company reportedly having an “implied valuation of over $7 billion.” The Boring Company has not officially endorsed a plan to participate in an IPO.
The Boring Company is a tunnel service provider with a mission to reduce traffic. Per Forge data, The Boring Company has raised a total of $908 million in funding over 4 rounds, with the latest funding raised on Oct 23, 2023, being from a Secondary Market round. Key investors include Sequoia Capital and Vy Capital.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
The Boring Company is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
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The Boring Company is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.