Fundrise VCX Stock Soars 1,300% Above NAV After Delayed NYSE Debut
Shares in the Fundrise Innovation Fund changed hands at prices over 1,300% higher than net asset value Tuesday, marking just the fourth trading session since its NYSE debut. The venture fund, with investments in Anthropic, OpenAI, and SpaceX, saw trading repeatedly halted for volatility as prices ricocheted from $215.76 to $320. That’s after closing Monday at $191.81. According to Bloomberg, demand from investors eager to tap into the fund’s private-company holdings played a key role. The episode highlights how a closed-end fund—where trading prices often disconnect from underlying asset value—can see its market price surge well above the portfolio when buyers outnumber sellers.