According to Equityzen, the bankruptcy of Linqto, a private investment market that holds 4.7 million subsidiaries and 4.7 million subsidiaries of Ripple, will not affect the broader preliminary public offering (IPO) market.
Linqto filed for Chapter 11 bankruptcy on Monday, promoting investors’ concerns about the private investment situation. The company previously allowed users to invest in private companies such as Ripple prior to potential public lists.
According to Equityzen, the bankruptcy of Linqto, one of the largest secondary trading platforms for private equities, will not affect other companies in the pre-IPO market.
Linqto’s bankruptcy “has nothing to do with Equityzen’s business or clients,” Equity co-founder and CEO Atish Davda told Cointelegraph.
“We can confidently confirm that Equityzen’s investment in the platform is not exposed to Linqto,” added Davda.
Market overview before IPO
In traditional IPOs, companies like circles sell their business stocks to the public and then list them on stock exchanges such as the New York Stock Exchange.
There is also a market known as Pre-IPO because some companies have yet to go ahead with their IPO plans and have not made public. This refers to investments in private equity in companies like Ripple.
According to data from Equityzen, interest in pre-IPO investments has rebounded in recent months, with investors increasing by 56% in June, the highest level since March 2023.
The surge in interest continued after a sharp 38% decline in April. This occurred amidst the market volatility and risk-off appetite caused by US tariff announcements. Still, the decline was short-lived as markets recovered and private funding rounds recovered.
Crypto is ranked as the sixth largest industry in stocks
Equityzen reported that the Crypto sector was the sixth most popular industry in private investment on the platform in the second quarter of 2025.
“Crypto has become the top 10 industry in the second quarter. A tailwind from regulatory authorities and a hugely successful IPO from Circle has fueled the interest of Stablecoins investors,” Brianne Lynch, director of Market Insights at Equityzen, reported in an update Monday.
Artificial intelligence led Equityzen’s Pre-IPO market in the second quarter, followed by sectors such as Information Technology and Fintech.
Among the top 10 markets before IPO, Ripple
According to Equityzen’s insights, Ripple was one of the platform’s most popular pre-IPO markets in the second quarter of the year, in addition to the baffling search engines powered by Elon Musk’s Space Technology Company SpaceX and AI.
Most of the top 10 companies spanning the space travel, AI and defense industries were the only crypto-related companies that Ripple made the list.
Despite the top 10 list featuring Ripple as the only crypto-related business, other crypto companies have seen strong momentum.
Related: Binance Founder’s Family Office Backs BNB Treasury Firm aims to be an IPO
Stablecoin Issuer Tether and Crypto Exchange Gemini were Equityzen’s biggest quarter movers in the second quarter.
Despite issuing USDT (USDT), the largest stubcoin by market capitalization, Tether repeatedly refused the IPO despite the release of its biggest rival, the circle, in early June.
Elsewhere, Gemini moved forward with its IPO plan and announced its filed confidential IPOs with the Securities and Exchange Commission on June 6th.
magazine: Is Dogecoin set to rebound? Ripple Eyes US Banking License: Hodler’s Digest, June 29th – July 5th
