Speak Stock
Consumer ServicesLooking to sell Speak stock or options?
Speak is a mobile application focused on language learning, designed to help users improve their English skills. The app incorporates speech recognition technology, allowing users to engage in conversations based on real-world situations. This feature makes it easier for customers to understand English words despite having thick accents, facilitating smooth and effective communication practice.
Neo (Consulting Services (B2B)), Andrew Chen, NPX TeraArk, Paul Graham, Sam Altman, Y Combinator, Investo (Private Equity), Founders Fund, Khosla Ventures, South Park Commons, Lachy Groom, OpenAI Startup Fund, Gokul Rajaram, Next Play Ventures, Justin Mateen, Joshua Buckley, Naval Ravikant, Peter Thiel, Andrew Houston, Mathilde Collin, Arash Ferdowsi, Litani Ventures, Buckley Ventures, Jeffrey Weiner.
Our available services for this company
Management Team
Speak’s stock FAQs
Speak is currently a private company. This means that the company is not listed on any public exchange and so there is no public market for its stock. However, there may still be ways to monetize Speak stock. Depending on Speak’s policies, you may be able to: (1) find a private buyer in the secondary market to purchase your stock, (2) borrow against your stock, or (3) exchange Speak stock into the Collective Exchange Fund for a limited partnership interest and then borrow non-recourse against your interest to generate immediate cash. This last alternative can be much quicker and net you more after-tax cash than your other options. An exchange into our fund also reduces your risk by diversifying your holdings out of an over-concentrated position.
Collective Liquidity can provide liquidity to shareholders of Speak stock in two ways. First, Speak employees can exchange shares into the Collective Exchange Fund and then borrow non-recourse to generate immediate cash. This can net you more after-tax cash than a stock sale. It also reduces your risk by diversifying your holdings out of an over-concentrated position. In some cases, Collective may also be able to purchase your Speak stock. Note that all transactions in Speak shares are subject to the company’s policies regarding secondary transactions. Schedule a call with a Collective Liquidity representative to learn more about your private market liquidity alternatives.
Speak stock is not listed on any public exchange and so there is no public market for its shares. Therefore, there is no single, centralized price for Speak stock. Typically, shares of private companies like Speak are set with buyers in one off negotiations. Collective Liquidity, however, uses a proprietary algorithm to determine its bids so we almost always have an immediately actionable price for you.
On Apr 2024, Speak is reported to have closed an equity financing in which the investors valued the company at $504M. This valuation is typically calculated by multiplying the per share price of the preferred stock sold in the financing by the number of Speak shares outstanding assuming the conversion of all stock options, warrants, etc.
Tickers are used to identify company’s shares on public markets like the NYSE or Nasdaq. Because Speak is not currently publicly traded, it does not have a ticker symbol.
Speak has not yet conducted an initial public offering (“IPO”) and so remains a private company. Though Speak is a well-known, successful company, there can be no assurance that it will ever go public or be sold. Because of the risk this imposes on Speak shareholders, many investors elect to gain liquidity for at least some of their shares before the IPO. Schedule a call with a Collective Liquidity representative to discuss your private market liquidity alternatives.
