March Private Market UpdateFebruary shows slight uptick in Forge’s investor interest prior to bank turbulence
March Private Market Update
USA Rare Earth, based in Tampa, Florida, was founded in 2019 by Pini Althaus. Thomas Schneberger was recently named as the company’s new CEO. The company is a domestic supplier of critical materials fueling the green tech revolution and owns an 80% interest in the Round Top Heavy Rare Earth, Lithium, and Critical Minerals Project located in Hudspeth County, West Texas.
The global rare-earth metals market is expected to reach a value of $42 billion by the end of 2031, according to a research report by Transparency Market Research. In addition, the TMR analysis states that the market is expected to grow at a compound annual growth rate of 13% over the next decade.
USA Rare Earth’s leading investors are Evolution VC Partners and Navajo Transitional Energy Co. The company has raised $64.3 million in funding over three rounds, the latest from a March 2021 seed round, according to Crunchbase. In March 2021, Reuters reported that the company had hired investment bankers to explore going public in a deal that could value the company at over a million dollars but thus far no action has been taken.
USA Rare Earth does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for USA Rare Earth will be known as it becomes public. Here are similar public companies: Blade (NASDAQ: BLDE), Fast Radius (NASDAQ: FSRD), Joby Aviation (NYSE: JOBY), Procore Technologies (NYSE: PCOR), Rocket Lab (NASDAQ: RKLB).
USA Rare Earth 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.
If you own USA Rare Earth pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
USA Rare Earth 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.
