A financial-technology firm backed by billionaire Peter Thiel and a giant European bank are teaming up to sell shares in pre-IPO companies, giving employees of valuable startups another chance to cash out early. Forge Global Inc., a five-year-old company that matches private companies and their employees with investors, plans to raise as much as $1 billion in the next year through the sale of a series of structured notes linked to the shares of startups. French bank BNP Paribas SA will offer the derivatives to both institutions...

Source: Wall Street Journal April 03, 2019 12:45 UTC