Linqto bankruptcy no threat to pre-IPO markets, says EquityZen

Ripple ranks as one of the top 10 pre-IPO companies on EquityZen, while major crypto firms like Tether and Gemini saw the largest spike in popularity in Q2 2025.

The bankruptcy of Linqto, a private investment marketplace holding 4.7 million secondary shares of Ripple, will have no impact on the broader pre-initial public offering (IPO) markets, according to EquityZen.

Linqto filed for Chapter 11 bankruptcy on Monday, fueling investor concerns about the status of private investments. The company previously allowed users to invest in private companies such as Ripple ahead of potential public listings.

According to EquityZen, one of the largest secondary trading platforms for private shares, Linqto’s bankruptcy has no impact on other businesses in the pre-IPO market.

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