China's MarketX to launch $150 million pre-IPO tech fund

05/06/2019 7:16:00 AM (GMT)

Chinese online investment platform MarketX announced that the company is launching a $150 million fund to invest in pre-IPO technology opportunities.

MarketX said that it is in advanced talks with around 30 Asian family offices to secure equity for the fund, MX50 fund.

The MX50 fund expects to infuse in five to eight companies, with ticket sizes ranging between $1 million and $100 million.

MarketX added that the fund is expected to reach a final close by October this year.

MarketX

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