Buy or sell Groq
Groq Market Activity
Direct transfers are allowed for existing investors only. New investors can get indirect exposure via special purpose vehicles or forward purchase contracts.
Groq’s stock is traded in the secondary markets. Sell interest picked up mid March 2024, with buy demand trailing behind. Sell interest has increased by a factor of ten in the last quarter.
About Groq, Inc.
CEO Jonathan Ross founded Groq with the goal of making high performance AI available to everyone.
Groq operates in a crowded space with intense competition including NVIDIA, Google, Microsoft, AWS, Intel, Cerebras, Graphcore, etc. NVIDIA has an overwhelming estimated market share of 80%.
CEO Ross believes Groq’s speedier, more affordable chip will be readily adopted by startups in particular and help Groq gain market share.
Groq has broken records in the AI space by being able to run chatbots faster than Gemini, ChatGPT, and Microsoft’s GrokAI. For reference, the company claims Groq chips can run OpenAi’s chatbot ChatGPT 13 times faster than it does currently. Groq is making chips with LPUs more suitable for AI language models as opposed to NVIDIA’s GPUs. GPUs are needed for training AI models, but LPUs reduce the time from inputs to making predictions or decisions (inference).
Groq acquired Maxeler Technologies in 2022 and Definitive Intelligence in 2024. The company partners with BittWare, iqt, Poe, Cirrascale, VAPI, carahsoft.
Groq Stock Price
Groq increased by +9.86% in the last quarter of 2023. Groq dropped in first quarter of 2024 by -5.6% but has increased by +154.36% in the second quarter of this year. In the last 12 months, Groq climbed 92.92%. It is up 88.45% year to date.
Last Updated August 30, 2024
Quarterly performance
Groq Valuation
Groq Funding
Groq is a private venture-backed company that has issued common stock as well as preferred stock Series A-D. The company has raised a total of $745.7 million across 6 funding rounds since its incorporation in 2016. The company’s most recent funding round was a Series D which raised $745.7 million in August 2024. BlackRock led the round with participation by Neuberger Berman, Type One, Cisco, KDDI Open Innovation Fund, Samsung Catalyst.
Capital structure
Frequently Asked Questions
Does Groq have stock?
Yes. Groq is a private venture-backed company. Investors usually purchase preferred stock and employees typically receive common stock options or restricted stock units (RSUs) as part of their compensation.
What is Groq's stock symbol?
Since it is not publicly listed, there is no Groq stock symbol or Groq ticker symbol assigned for Groq.
Private companies typically reserve a stock symbol up to two years prior to an IPO, and disclose this when they file a Form S-1 with the Securities and Exchange Commission when they start the IPO process.
How can I sell Groq stock?
If you own shares of a private company, it may be possible to find liquidity for your holdings before the company goes public. Finding the right private market broker can make all the difference as the best brokers can leverage deep industry relationships and negotiate on your behalf.
If you are interested in selling private stock, sign up and post an indication to get connected with Notice's Premier Brokers.
How do Groq pre-IPO trades work?
Private market transactions can be complex and may involve company approvals, legal purchase agreements and wires to third parties. Trades can take 30 - 60 days to complete which is why many investors work with Notice's experienced private market brokers to help guide the process.
Direct share transfers typically require issuer approvals. Issuers may exercise the right of first refusal (ROFR) in order to direct the seller to a buyer of their choosing.
Some issuers do not allow transactions. In these cases, buyers will need to purchase indirect interests in the business via special purpose vehicles (SPVs) or forward purchase contracts (forwards).
Is Groq publicly traded?
Groq stock does not trade publicly on Nasdaq or NYSE because it is still a private company. Groq stock might be available for purchase in the secondary markets, but Groq stock is not available for purchase by the general public, and can not be purchased through traditional brokerage accounts.
How can I buy Groq stock?
Only accredited investors and qualified purchasers can buy private stock. These investors buy pre-IPO stock in the secondary market from existing employees and investors.
How to invest in Groq?
Accredited investors can purchase shares in private companies like Groq. Investors can rely on Notice Premier Brokers to find supply and guide them through the trading process.
Because Groq is privately held, its stock is not available for purchase through public stock exchanges like the NYSE or Nasdaq. Retail investors can not access this stock via traditional brokerage accounts, and are not allowed to invest directly in Groq pre-IPO.
How is Notice pricing Groq?
Notice Price is algorithmically generated based on a number of inputs like private market activity, official company filings, internal marks, and comparables.
Developing accurate pricing for the private market, and making that pricing available to everyone has always been our mission.
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