Silicon Valley IPO
Silicon Valley's own public market.
Silicon Valley risk capital does not behave like the capital aggregated on NYSE or Nasdaq. CAX is the first exchange built to match how venture-backed companies actually go public.
Venture-native by design
Cap-table support for dual-class governance, deep preferred stacks, and secondary activity — without the friction of retrofitting a 200-year-old market model. Listing rules are written for pre-profit growth issuers, not industrial dividend payers.
Concentrated peer capital
CAX aggregates institutional and sophisticated retail capital specifically oriented to Silicon Valley issuers, producing peer-comparable trading and analyst coverage that a mixed NYSE or Nasdaq tape does not.
Speed to liquidity
Shorter review cycles, in-state coordination with regulators, and market-making conventions calibrated for lower-float IPOs let venture-backed companies reach public liquidity meaningfully faster.
Frequently Asked Questions
Is CAX built for Silicon Valley venture-backed companies?
Yes. CAX is designed specifically around Silicon Valley cap tables — dual-class shares, extensive preferred stacks, secondary activity, and pre-profit growth issuers — rather than retrofitted from an East Coast market model.
How does CAX differ from NYSE and Nasdaq for a Silicon Valley IPO?
Both NYSE and Nasdaq aggregate national and international capital across every sector. CAX concentrates the venture-backed technology capital pool inside California, giving Silicon Valley issuers a peer-comparable trading environment.
What sectors will CAX prioritize at launch?
Software, AI, biotech, cleantech, semiconductors, robotics, and deep-tech issuers headquartered or primarily operating in California.
Launch: July 2026 · Execution: January 2027. Get early updates on listing eligibility and access.
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