An Express Deal is a single company fund offering in which the seller in the deal acquired their position by investing in an IPOGO fund. In other words, someone who invested through our platform is now selling the fund interest they purchased.
Express Deals are called “express” because they can close in as little as 3 days! This is because these transactions are pre-approved by the company and therefore require no third-party involvement to close.
Here’s an example to help illustrate: In 2020, Jane invests in The Awesome Company at $10 per share via a Standard Deal on the IPOGO platform. In 2022, Jane needs liquidity. With Express Deals, Jane can create a sell order for her position in The Awesome Company, list the order on IPOGO for investors to see, and get the cash she needs all within a week!