Charles Schwab Expands Access to Private Companies

about 1 month ago

Alexandra Seminova

"Charles Schwab is also a stock that you are watching. It's down today along with the broader market, but they did say today that they want to give retail investors access to private companies, given the fact that there is a growing number of firms that have been industry giants before even going public."

Charles Schwab, while experiencing a downturn along with the overall market, is aiming to democratize access to private markets. The company intends to let retail investors participate in pre-IPO investments in firms such as Stripe and OpenAI, which may offer long-term benefits by broadening investment opportunities.

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