{"componentChunkName":"component---utcom-root-cache-master-unitedtraders-plugin-utcom-ideas-virtual-bda-1-ec-7990-node-modules-unitedtraders-plugin-utcom-ideas-dist-screens-ideas-index-js","path":"/investments","matchPath":"/investments/*","result":{"pageContext":{"matchPath":"/investments/*","isIdeas":true,"i18nBundle":{"en":{"footer":{"Mobile Apps":"Mobile Apps","Available on the":"Available on the","Get it on":"Get it on","Social":"Social media","Sections":"Sections","Partnership":"Partnership","Traiding":"Trading","Contacts":"Contacts","Help":"Help","Telegram":"Telegram","Whatsapp":"WhatsApp","Email":"Email","Documents":"Legal","License agreement":"License Agreement","Risk Statement":"Risk Statement","Privacy policy":"Privacy Policy"},"links":{"app-store-link":"https://apps.apple.com/ru/app/united-traders/id1491324321","google-play-link":"https://play.google.com/store/apps/details?id=com.unitedtraders.mobile.investment","yt-link":"https://www.youtube.com/user/theunitedtraders","tg-link":"https://t.me/uttokenchannel","tw-link":"https://twitter.com/UnitedTraders_1","partnership-link":"https://partners.utex.io","traiding-link":"/trading/analytics","contacts-link":"/contacts","tg-bot-link":"https://t.me/ut_personal_manager_bot","whatsapp-link":"https://wa.me/79959221420","email-link":"mailto:welcome@unitedtraders.com","agreement-link":"/offer","risk-link":"https://investment-s3.unitedtraders.io/files/Risk_Statement_UT_Overseas_170918.pdf","privacy-link":"https://investment-s3.unitedtraders.io/files/privacy-policy_en.pdf"},"notFound":{"Oops Page not found":"Oops! Page not found","Error 404":"Error 404","Return or go to the main page":"Return or go to the main page","Open the main page":"Open the main page"},"tabbar":{"Feed":"Feed","Ideas":"Ideas","Case":"Portfolio","Help":"Help"},"submit":{"Cancel order":"Cancel order","Sorry, it is no longer possible to cancel the order":"Sorry, it is no longer possible to cancel the order","Are you sure you want to cancel the order":"Are you sure?","The order can be re-created until":"The order can be re-created until","You have already invested in":"You've already submitted your order to","Start of investment":"Start of investment","Order can be canceled until":"Order can be canceled until","Cancel order(ellipsis)":"Cancel order...","Please, log in or sign up to invest in {{name}}":"Please, log in or sign up to invest in {{name}}","Log In":"Log In","Sign Up":"Sign Up","Entry to the investment idea is still closed":"Entry to the investment idea is still closed","View more ideas":"View more ideas","On main dollar account":"On main dollar account","On main ruble account":"On main ruble account","Minimum entry amount":"Minimum entry amount","Add Funds (deposit)":"Add Funds...","This investment idea is no longer available New applications are not accepted":"This investment idea is no longer available. New applications are not accepted","Invest":"Invest","By price":"By price","The recommended minimum investment is $ 2000 — $ 6000":"The recommended minimum investment is $ 2000 — $ 6000","Risk":"Risk","When you apply for a small amount, theres a high chance":"When you apply for a small amount, there's a high chance that this amount won't be sufficient to buy even one share. In this event the money will just return to your account","Why it happens":"Why it happens","When a user submits an application for buying shares, it may be fulfilled":"When a user submits an application for buying shares, it may be fulfilled for 100% and for 1%. This percentage is equal for all investors","What to do":"What to do","We recommend you invest at least in the range of $ 2000 to $ 6000":"We recommend you invest at least in the range of $ 2000 to $ 6000 depending on the idea. The exact minimum amount is unknown to anyone until a company goes public","Add Funds":"Add Funds","Invest in {{name}}":"Invest in {{name}}","Hurray! Order received":"Hurray! Order received","Your order will be filled soon and you will be able to track the performance in My Investments section":"Your order will be filled soon and you will be able to track the performance in My Investments section","Go to my orders and investments":"Go to my orders and investments"},"ideaItem":{"stocks":"STOCKS","pre_ipo":"PRE-IPO","Current price":"Current price","Min Amount":"Min Amount","Earliest start":"Earliest start","Any time":"Any time","Invest from":"Invest from","Estimated Gains":"Estimated Gains","annually":"annually","Requests up to":"Requests up to","Fee":"Fee","Enter":"Enter","Leave":"Leave","Success":"Success","Company income":"Company income","Investment Period":"Investment Period","Go back or go to investments page":"Go back or go to investments page","Go to other ideas":"Go to other ideas","low risk":"low risk","medium risk":"medium risk","high risk":"high risk","Risk level":"Risk level","You risk losing a part of your investment amount":"You risk losing a part of your investment amount","Low":"Low","Low to 10%":"to 10%","Medium":"Medium","Medium 10−30%":"10−30%","High":"High","High More than 30%":"More than 30%","{{firstTierPercent}} of the profit from price growth up to {{price}} per share, and {{secondTierPercent}} of the profit from price growth above {{price}}":"{{firstTierPercent}} of the profit from price growth up to {{price}} per share, and {{secondTierPercent}} of the profit from price growth above {{price}}."},"ideasNavigation":{"ALL":"All Ideas","IPO":"IPO","PREIPO":"Pre-IPO","OTC":"OTC","Stocks and ETF":"Stocks and ETF"},"howItWorksArticles":{"More about investing in IPO":"More about investing in IPO","How investments in private companies at IPO stage work":"How investments in private companies at IPO stage work","How IPO investments work on United Traders platform":"How IPO investments work on United Traders platform","IPO Calendar":"IPO Calendar","IPO Results":"IPO Results","The risks of investing in IPO stocks":"The risks of investing in IPO stocks","More about investing in pre-IPO":"More about investing in pre-IPO","Pre-IPO investing ahead of everyone else":"Pre-IPO — investing ahead of everyone else","How investments in pre-IPO work":"How investments in pre-IPO work","How pre-IPO Investments on United Traders Platform Work":"How pre-IPO Investments on United Traders Platform Work","Direct ownership over private stocks via SPVs":"Direct ownership over private stocks via SPVs","Pre-IPO Results":"Pre-IPO Results","Investment risks in pre-IPO":"Investment risks in pre-IPO"},"metaTitle":{"/investments/idea":"Invest in {{name}}","default":"IPO, pre-IPO Calendar, shares, OTC | United Traders","/investments":"IPO, pre-IPO Calendar, shares, OTC | United Traders","/investments/ipo":"IPO 2021 Calendar, shares and investments in IPO | United Traders","/investments/otc":"OTC investment ideas","/investments/preipo":"Pre-IPO investment ideas"},"metaDescription":{"default":"Platform for investing in IPO, pre-IPO and international stocks listed on a stock exchange. Here you can create your own investment portfolio."},"noIdeas":{"title":"There are no {{category}} ideas now","description":"We regularly select best ideas and publish them on this page. If you have funds in your account, you will receive our email list on a regular basis","See current ideas":"See current ideas","No investment ideas":"No investment ideas","description_ipo":"Usually you see new ideas once every few days. If you have funds in your account, you will receive our email list on a regular basis"},"ideas":{"Best investment ideas":"Best investment ideas","Investments":"Investments","IPO investment ideas":"IPO investment ideas","OTC investment ideas":"OTC investment ideas","Pre-IPO investment ideas":"Pre-IPO investment ideas"},"exceptions":{"Invalid order trigger":"Something went wrong. Please refresh the page","Idea has procurement":"The investment idea is closed, no applications are being accepted. Please select a different idea","Order count threshold reached for selected idea":"Order count threshold reached for selected idea","Start date of idea expired":"Entry to the investment idea is closed","Buys are disabled- Usually this is temporarily and related to server work- Please try again later-":"Entry to the investment idea is closed"},"validator":{"minimum":"Should be at least {{minimum}}"},"what-is-pre-ipo":{"Allotment in IPO 7%":"Allotment in IPO ≈7%","Allotment in IPO 100%":"Allotment in pre-IPO — 100%","Examples of several IPOs and pre-IPOs":"Examples of several IPOs and pre-IPOs","Some investment ideas at pre-IPO":"Some investment ideas at pre-IPO","View current ideas":"View current ideas","How investments in private companies work IPO vs pre-IPO United Traders":"How investments in private companies work. From pre-IPO to IPO| United Traders","What pre-IPO means and how investments in private companies work":"What pre-IPO means and how investments in private companies work. Why investments in pre-IPO can be more profitable than IPO investments. A video about startups from Silicon Valley, created by United Traders. How United Traders received 100% share allotment in 2021.","Pre-IPO investing ahead of everyone else":"Pre-IPO — investing ahead of everyone else","One step ahead is an approach we take toward selecting new investment ideas for the United Traders platform":"“One step ahead” is an approach we take toward selecting new investment ideas for the United Traders platform. We keep track of new types of investments with high returns such as pre-IPO.","View current pre-IPO ideas":"View current pre-IPO ideas","What pre-IPO means":"What pre-IPO means","1-3 years":"1-3 years","Investment period":"Investment period","Pre-IPO investments mean investing in private firms several months or years prior to their listing":"Pre-IPO investments mean investing in private firms several months or years prior to their listing.","We select":"We select","the best companies from Silicon Valley which have basically set the groundwork":"the best companies from Silicon Valley which have basically set the groundwork for becoming publicly-traded within the next 1-3 years. These companies may be larger than many publicly-traded ones and come with a valuation of over $1 billion.","from $10":"from $10","Minimum amount":"Minimum amount","Until so far such pre-IPO investments have been accessible only to major investors":"Until so far such pre-IPO investments have been accessible only to major investors, the entry threshold was from $10 million. We at United Traders made pre-IPO investing possible for everyone. The minimum investment is from $10.","How investments in pre-IPO work":"How investments in pre-IPO work","Pre-IPO companies vs publicly-traded ones":"Pre-IPO companies vs publicly-traded ones","The chart shows the value growth":"The chart shows the value growth","200 private technology companies (pre-IPO)":"200 private technology companies (pre-IPO)","40 private companies in UTs portfolio":"40 private companies in UT's portfolio","Overall, young private companies grow at a faster pace than major publicly traded ones":"Overall, young private companies grow at a faster pace than major publicly traded ones.","Pre-IPO vs IPO":"Pre-IPO vs IPO","The chart shows a better profit from pre-IPO investing due to a lower entry price":"The chart shows a better profit from pre-IPO investing due to a lower entry price","Return from pre-IPO":"Return from pre-IPO","Return from IPO":"Return from IPO","Percentage of applications fulfillment":"Percentage of applications fulfillment","Share allotment means the percentage of share allotment you get with your application":"Share allotment means the percentage of share allotment you get with your application. The more people subscribe to an investment, the fewer shares can be sold to every one of the investors who has joined. For instance, if you apply for $1,000, and the share allotment is 10%, you eventually get shares for only $100, the rest $900 will return to your account.","In 2020 the share allotment for IPO investment ideas has been about 7%":"In 2020 the share allotment for IPO investment ideas has been about 7%. The share allotment for pre-IPO investments is 100% since the buy-in process is different."},"articles":{"Other articles":"Other articles","IPO Investments":"How investments in private companies at IPO stage work","IPO with UT":"How IPO investments work on United Traders platform","IPO Calendar":"IPO Calendar","IPO Results":"IPO Results","IPO Risk":"The risks of investing in IPO stocks","Pre-IPO investing ahead of everyone else":"Pre-IPO — investing ahead of everyone else","How investments in pre-IPO work":"How investments in pre-IPO work","How pre-IPO Investments on United Traders Platform Work":"How pre-IPO Investments on United Traders Platform Work","Direct ownership over private stocks via SPVs":"Direct ownership over private stocks via SPVs","Pre-IPO Results":"Pre-IPO Results","Investment risks in pre-IPO":"Investment risks in pre-IPO"},"pre-ipo-spv":{"Sign up or sign in to get an offer":"Please log in or register to receive an offering","Login":"Log In","Registration":"Sign Up","Get an offer":"Get an offer","Request has been submitted":"Your order has been forwarded","Manager will contact you soon by email, set phone in ut passport":"Our manager will contact you soon. If you haven’t provided your phone number upon registration, please do it now at UT Passport, or we will email you.","Manager will contact you soon by phone":"Our manager will contact you shortly by phone","Open UT Passport":"Open UT Passport","Close":"Close","Investments in pre-IPO stocks via SPV | United Traders":"Investments in pre-IPO stocks via SPV | United Traders","How an SPV is structured and how can you buy stocks of private companies at the pre-IPO":"How an SPV is structured and how can you buy stocks of private companies at the pre-IPO stage. Direct ownership over stocks and processing a transaction in compliance with the US law. Investing in promising companies with United Traders.","Direct ownership over private stocks via SPVs":"Direct ownership over private stocks via SPVs","The easiest and fastest way for investors":"The easiest and fastest way for investors","to pool funds in private companies":"to pool funds in private companies","Water park Little Island":"Water park Little Island,","New York, USA":"New York, USA","Transactions via SPV protect capital in the absence of intermediary counterparties":"Transactions via SPV protect capital in the absence of intermediary counterparties, they get registered under the US law and prove a help to United Traders when it comes to looking for promising private stocks. Investments are currently available with at least $50,000.","What an SPV means":"What an SPV means","A special purpose vehicle (SPV) is a legal investment fund":"A special purpose vehicle (SPV) is a legal investment fund created by a limited liabilities company in the U.S. to make investments as a single vehicle.","Delaware is appealing for organizing transactions through an SPV":"Delaware is appealing for organizing transactions through an SPV in the absence of capital gains tax.","Investments targeted by an SPV include real estate, finished or under construction, stocks, or any other assets":"Investments targeted by an SPV include real estate, finished or under construction, stocks, or any other assets.","An SPV can have an unlimited number of qualified investors and up to 35 unqualified investors":"An SPV can have an unlimited number of qualified investors and up to 35 unqualified investors.","The legal entity that creates an SPV cannot claim assets within this SPV but doesnt bear any responsibility owed to an SPV":"The legal entity that creates an SPV cannot claim assets within this SPV but doesn’t bear any responsibility owed to an SPV.","An SPV is serviced by the Organizer, who gathers investors and finds investment targets":"An SPV is serviced by the Organizer, who gathers investors and finds investment targets, and the Manager, who facilitates paperwork and accounting.","SPV with United Traders":"SPV with United Traders","We create a separate SPV for each transaction":"We create a separate SPV for each transaction involving private stocks. We invite investors to join and accompany them at all stages of the transaction.","Fund Organizer subtitle":" ","Fund Organizer":"Fund Organizer","The organizer analyzes the private equity market and finds a potential target":"The organizer analyzes the private equity market and finds a potential target — stocks. He then initiates the process of SPV creation, facilitates negotiations with counterparties on prices and transaction size. Within the SPV, the organizer appears as a natural person. In our case, this person is a United Traders representative.","Series LLC":"Series LLC","A Series LLC is a type of limited liability company that allows the establishment":"A Series LLC is a type of limited liability company that allows the establishment of multiple SPV entities in its structure. To provide the service in compliance with the US law, we turn to professional SPV fund administrators who already have their own Series LLC. One of them is Assure, the owner of Series LLC “Assure Labs 2021 LLC, Delaware”.","SPVs Manager":"SPV’s Manager","At the request of the organizer, the manager registers an SPV fund":"At the request of the organizer, the manager registers an SPV fund, gets a tax number, opens a bank account, creates documents to gather investors, ensures compliance with KYC procedures, keeps accounts and manages workflow. We work with professional SPV fund administrators. Our fund managers are often individuals that represent Assure Fund Management.","SPV participants":"SPV participants","Investors":"Investors","Investors who agree to join the transaction deposit capital into a bank account":"Investors who agree to join the transaction deposit capital into a bank account. When the manager collects the required amount of money, he transfers the money to the seller of stocks, as specified by the organizer of the SPV. In this way, every investor co-owns the share of stocks acquired by the fund in proportion to the amount of the money they have deposited.","Private stocks":"Private stocks","After making a transaction, the balance of each SPV contains private shares":"After making a transaction, the balance of each SPV contains private shares owned by investors. Often, the SPV organizer (United Traders) finds an opportunity to buy preferred shares rather than common shares to render the selling price more lucrative for SPV participants under many exit scenarios.","How to invest in pre-IPO via SPV":"How to invest in pre-IPO via SPV","Transaction opening steps":"Transaction opening steps","Offer":"Offer","United Traders makes an investment proposal on behalf of the fund":"United Traders makes an investment proposal on behalf of the fund, which contains basic information about the investment target.","View samples of agreements":"View samples of agreements","Signing documents":"Signing documents","1–2 days":"1–2 days","The investor signs basic documents that specify the terms of the investment":"The investor signs basic documents that specify the terms of the investment, his rights and obligations as an investor. United Traders checks these documents.","Assure creates and administers an SPV fund":"Assure creates and administers an SPV fund","KYC":"KYC","An investor receives an invitation to use the personal account":"An investor receives an invitation to use the personal account of Assure fund administrator to pass the Know Your Customer procedure — client’s identity verification. KYC compliance requires you to provide: full name, email, phone number, individual tax number, a scan of your passport, confirmation of your registration address, and the bank details which will be used for making a transfer to the SPV.","Atlantic Capital is a bank all United Traders SPVs work with as of June 2021":"Atlantic Capital is a bank all United Traders’ SPVs work with as of June 2021.","Transfer of investment funds":"Transfer of investment funds","After passing KYC, the bank account details of the SPV":"After passing KYC, the bank account details of the SPV can be viewed by the investor. Money must be transferred from the bank account you enter upon passing KYC.","SEC (The Securities and Exchange Commission) is a US government agency responsible for regulating the securities markets":"SEC (The Securities and Exchange Commission) is a U.S. government agency responsible for regulating the securities markets.","ROFR procedure":"ROFR procedure","20-50 days":"20–50 days","Once all investors money is collected in the SPVs bank account, ROFR — Right of First Refusal procedure applies":"Once all investors’ money is collected in the SPV’s bank account, ROFR — Right of First Refusal procedure applies. The SPV must pass ROFR before the company approves the transaction. However, in rare cases, the company can buy back the stocks the SPV has targeted as the former can exercise its right. In this case, the money returns to investors or the SPV offers them alternative conditions for their purchase.","Alerting SEC":"Alerting SEC","7 days":"7 days","Once the ROFR is passed, the transaction is closed":"Once the ROFR is passed, the transaction is closed. And finally, the SPV notifies the SEC about the successful transaction.","Transaction is made":"Transaction is made","Once the SEC is notified about the transaction, the SPV is considered to be the sole":"Once the SEC is notified about the transaction, the SPV is considered to be the sole owner of the stocks, and investors are entitled to the stocks in proportion to their ownership share in the SPV.","Transaction closing steps":"Transaction closing steps","As a rule, you need to wait 1 to 3 years before you see our investment ideas are realized":"As a rule, you need to wait 1 to 3 years before you see our investment ideas are realized. There can be three fundamentally different scenarios when it comes to an investment in private stocks: successful, neutral, and unsuccessful.","An M&A deal is not necessarily a positive scenario":"An M&A deal is not necessarily a positive scenario. If the company proves unsuccessful, it may be taken over at a low valuation.","Successful scenarios IPO, direct listing, SPAC deal, M&A deal":"Successful scenarios: IPO, direct listing, SPAC deal, M&A deal","As soon as it becomes possible to sell, the SPV sells the stocks":"As soon as it becomes possible to sell, the SPV sells the stocks and receives the money into the bank account. The money is then distributed among the SPV’s investors according to their original shares.","Early exit":"Early exit","You can exit the investment at any time after the opening of a transaction":"You can exit the investment at any time after the opening of a transaction. In this case, the investor’s share is sold to another investor in the private equity market.","If exit is initiated by the funds organizer, he has to get the consent of the majority of investors":"If exit is initiated by the fund’s organizer, he has to get the consent of the majority of investors (their shares in the SPV must exceed 50%). Moreover, the US law presupposes the “best effort” commitment: the SPV’s organizer can close an investment only if it benefits investors.","Exit at the investors initiative is possible if the investor or the organizer has interested parties vying":"Exit at the investor’s initiative is possible if the investor or the organizer has interested parties vying for his share in the SPV. In this case, the organizer is not obliged to look for a new investor or buy back the share at his own expense.","The early exit scenario can be either positive or negative":"The early exit scenario can be either positive or negative, depending on the stock price in the private equity market.","Bankruptcy":"Bankruptcy","However theres always a chance that a startup may fail to take off":"However, there’s always a chance that a startup may fail to take off. A company may turn out unsuccessful and go bankrupt. This is the main risk of investing in a private company. In the event of bankruptcy, investors lose all or most of their money.","Commissions":"Commissions","Fee on management":"Fee on management","4,9%, paid on top of the investment amount":"— 4.9%, paid on top of the investment amount","Fee on profit":"Fee on profit","10% of net profit":"— 10% of net profit. Charged at the closing of investment, after the rest of the commissions are paid","Related expenses":"Related expenses","are paid additionally depending on the exit procedure":"are paid additionally depending on the exit procedure. For example, broker’s commission if a company goes public or due diligence costs if an M&A deal occurs","Capital gains tax":"Capital gains tax.","SPV is created within an LLC company":"SPV is created within an LLC company that is registered in the state of Delaware, USA. This exempts an investor from paying capital gains taxes in the US but does not exempt him from paying taxes in the country where he is a resident.","Examples of transactions with United Traders":"Examples of transactions with United Traders","Net profit including commission fee is shown for completed deals":"Net profit including commission fee is shown for completed deals","Company":"Company Name","Start - finish":"Start — finish","Entry price":"Entry price","Current price":"Current price","Profit and loss":"Profits and losses","Profit":"Profits"},"ipo-calendar":{"Q{{quarter}}":"Q{{quarter}}","year":"year","Unknown yet":"So far unknown","IPO date":"IPO date","Invest button":"Invest","Consider button":"Pending","Analytics department evaluates the company":"The analytics team assesses a company. A company as an investment idea is posted to the website if it gets a good assessment from us and we are able to join the offering.","Company stage":"Company name, stage","Activity":"Specialization","Expected IPO date":"Expected IPO date","IPO Calendar 2020 United Traders":"IPO Calendar 2021 | United Traders","Which companies plan to go public in 2020 Expected IPO dates and companies selected by United Traders experts":"Which companies plan to go public in 2021. Expected IPO dates and companies selected by United Traders experts. A calendar of stocks at the pre-IPO stage.","IPO calendar":"IPO Calendar","Monitoring of companies conducting an IPO":"Monitoring of companies that go public","Georgy Yuriev":"Georgy Yuriev,","Financial analyst at United Traders":"United Traders financial analyst","Here we place the companies that have filed S-1 form for review and will soon have to go for an IPO":"This section shows the companies that have filed an SEC Form S-1 and are expected to go public in the near future. We analyze all of them, select the best, post information about their potential return and risks and provide access to investing.","View current IPO ideas":"View current IPO ideas","IPO dates are approximate":"IPO dates are approximate, plus or minus 7 days","Companies in the Pre-IPO stage":"Companies at Pre-IPO stage","Companies that do not go public yet":"These companies are not yet going public but demonstrate all the signs of doing so within 1-3 years. You can already invest in them at the","Pre-IPO link":"pre-IPO","or earlier":"stage or earlier."},"ipo-investments":{"Members founders-invest-funds 1":"Founders and investment funds","Members founders-invest-funds 2":"decide to do an IPO","Members directors 1":"Executives","Members directors 2":"improve business indicators and prepare the report","Members underwriters 1":"Underwriters","Members underwriters 2":"help attract investors","Members regulator 1":"Regulator","Members regulator 2":"approves the filing based on the report","Members managers 1":"Managers","Members managers 2":"arrange a roadshow for major investors","Members investors-at-ipo-stage 1":"Investors at the IPO stage","Members investors-at-ipo-stage 2":"buy stocks on a subscription basis","Members exchange 1":"Exchange","Members exchange 2":"forbids early investors from selling to prevent price fall","Members investors-on-the-exchange 1":"Investors at exchange","Members investors-on-the-exchange 2":"buy shares since they couldn’t do it earlier → price grows","Investments in stocks and IPOs 2021 Calendar United Traders":"Investing in stocks and IPO in 2021 | United Traders","What is an IPO and how companies go public Why does the companies management need to conduct an IPO":"What “IPO” means and how companies become public. Why a company’s management decides to make an IPO. Participants in the process: investors, underwriters and regulators. What share allotment means.","How investing in stocks of companies at the IPO stage works":"How investments in private companies at IPO stage work","Ivan Yufryakov":"Ivan Yurfyakov,","Product Manager United Traders":"United Traders product manager","IPO investment is one of the most popular types of investment ideas on the United Traders platform":"IPO investments represent one of the most popular types of investment ideas on the United Traders platform. You will find this article helpful if you want to understand why they have the potential of delivering such attractive returns and to be ready for changes in the work of these ideas.","IPO Result text":"The chart shows the results of the investments in every IPO we offer. The results shown include commissions.","What is IPO subtitle":"Private and public companies","What is IPO title":"What IPO means","What is IPO aside text 1":"Apple, Facebook, Coca-Cola are some of the well-known publicly listed companies","What is IPO aside text 2":"SpaceX, DigitalOcean and Coursera are some of the well-known privately held companies","What is IPO text 1":"But first, let us give you a traditional definition of an IPO.","What is IPO text 2":"IPO (Initial Public Offering) describes the process by which a company initially offers its shares to the public. Usually, such offerings are accomplished through stock exchanges, and that’s where “initial public offering” derives its name from.","What is IPO text 3":"A company (stock seller) goes public to raise funds for growth initiatives, while investors in the company at this stage expect income in the form of dividends or profit from stock growth.","What is IPO text 4":"Before a company goes public, it is seen as private and its shares belong to its owners, employees and early investors. The shares of such companies don’t trade on exchanges, but they can be bought in the over-the-counter market. After a company becomes public, its shares are listed on an exchange.","Reasons for the profitability":"Why IPO investments are profitable","Reasons for the profitability text":"There are two reasons why IPO investments are profitable:","Reasons for the profitability list item 1":"The participants involved in the IPO procedure and their motivation.","Reasons for the profitability list item 2":"The right understanding and use of the knowledge you get from the first item.","Members and motivation in the IPO process":"The participants involved in IPO procedure and their motivation","Company title":"Company","Company text 1 pt 1":"IPO is done by a company. At first glance, it is supposed to be the main participant of the IPO process. This company","Company Link text 1":"has been growing for many years","Company text 1 pt 2":" and now has reached one of the key milestones in its development.","Company text 2":"But we won’t consider it a participant!","Company text 3":"The way we see it, a company doesn’t have any motivation per se since it basically hides its management and stakeholders’ interests.","Founders title":"Founders","Founders item bold text":"Founders","Founders item normal text":"raise funds for growth opportunities","Founders text 1":"They became owners on the day they set up a company. They, as a rule, are its largest stakeholders.","Founders text 2":"Founders are guided by the only motivation — to raise money to fund their company’s growth initiatives. To raise money in a way as to keep investors interested enough to attract their funding in the future. This can be accomplished if the shares of this company will be growing steadily.","Founders text 3":"However, founders may have another motivation — to sell a portion of shares, rewarding themselves for having been in business for decades.","Founders text 4":"As a rule, founders don’t only own shares, they also actively participate in its management, so naturally, they decide whether this company is going public or not.","Invest funds title":"Investment funds","Invest funds item bold text":"Investment funds","Invest funds item normal text":"look for stock buyers","Invest funds aside 1":"We could mention minor investors here who invested money in the over-the-counter market (see","Invest funds aside Link":"our article","Invest funds aside 2":") since their motivation is very similar to that of the funds, but their share is negligibly small, and so is their influence on the processes, and this is the reason we won’t be considering them further.","Invest funds text 1":"Investment funds joined over the years the company has been in business: they backed its growth initiatives in exchange for a portion of its shares.","Invest funds text 2":"An investment basically represents the fund’s investors and its management. And all of them got together as part of a fund with the only purpose — to make money from money. But this requires them to look for buyers.","Invest funds text 3":"A fund doesn’t always plan to sell shares at IPO or immediately after it, funds need to sell shares at any moment. It’s much easier to find buyers on exchanges than in over-the-counter markets. As a result, such funds are interested in companies going public, but they have an even bigger interest in the share price remaining high after IPO.","Invest funds text 4":"When it comes to deciding on an IPO and choosing an IPO date, funds may exercise enormous influence on founders. Of all stakeholders, they have the most experience of raising funding.","Company management title":"Company’s management","Company management item bold text":"Executives and managers","Company management item normal text":"improve business indicators and prepare the report","Company management aside text 1":"Once a company files an S-1 form, it’s usually 20 to 30 days until it goes public.","Company management text 1":"Founders aside, the key people in the IPO process are CEO and CFO. Their task is to prepare all the financials and reports in compliance with a regulator’s demands.","Company management text 2":"In the end, a company must submit the so-called S-1 form, disclosing all the financials of its dealings over the past years prior to its initial public offering. The purpose of this form is to provide investors with the key information to help them make informed decisions about whether to buy the company’s shares on an exchange or not.","Company management aside text 2":"Describing business opportunities is quite a formalized procedure. Exchange-traded companies do not only issue quarterly reports but also follow them with an informal report to investors called “company guidance”, detailing its projections of revenue in the near future.","Company management text 3":"However, reports alone can get you only so far. In reality, a company needs to demonstrate great results and business opportunities.","Company management text 4":"And this is where the company’s top management steps in. Once a decision is made to go public, IPO takes place within 1 to 3 years. During this time, the company’s managers try to show maximum results in their key business areas and to take the minimum risk, shaping a positive picture of their company’s future.","Company management text 5":"When it comes to managers, the key thing is stock options. All the key personnel at a company have stock options and can exercise them on stocks, netting some good money. As a rule, this money is many times more than their salaries, and therefore IPO represent a powerful incentive for them. Few of them want to sell everything at once, so managers are also interested in stocks growing post-IPO.","Underwriters subtitle":" ","Underwriters title":"Underwriters","Underwriters item bold text":"Underwriters","Underwriters item normal text":"help attract investors","Underwriters text 1":"IPO underwriters are typically major investment banks who help companies in their IPO process. They consult managers and stakeholders through all stages: starting from financials and ending with major sales ahead of IPO.","Underwriters text 2":"These banks’ customers are some of the wealthiest people in the world. And the company’s management team makes stock sales pitches to them — roadshow. They travel to different locations and make presentations promoting their business and stock growth prospects.","Underwriters text 3":"Often a considerable part of the underwriter’s services is paid in the form of stocks, and therefore underwriter has the biggest interest in a successful IPO for the company.","Underwriters text 4":"Everything that will happen to stocks post-IPO is of huge importance to the underwriter. Stock growth post-IPO will demonstrate the success of IPO, leading to new companies as clients.","Regulators title":"Regulators","Regulators item bold text":"Regulator","Regulators item normal text":"approves the filing based on the report","Regulators text 1":"Regulatory agencies across countries and spheres serve the only purpose: to maintain order and a sense of justice and, as a result, political stability.","Regulators text 2":"SEC (the Securities and Exchange Commission) is no exception. That is why SEC seeks to ensure that only vetted companies become listed on an exchange. They standardize and review the documentation that companies are required to submit in anticipation of an IPO. This documentation is issued to make sure that the company is honest with its investors and has provided the necessary information for informed decision-making.","Regulators text 3":"In the end, SEC is just as interested in share price stability after IPO as the rest of the participants of the process.","Exchanges title":"Exchanges","Exchanges item bold text":"Stock exchange","Exchanges item normal text":"forbids early investors from selling to prevent the stock price from dropping","Exchanges text 1":"A stock exchange is a marketplace where stocks are traded. More precisely, this is an organization that creates and maintains all the terms for selling and buying stocks. An exchange used to require a physical location and strict rules of interaction among the participants. Nowadays exchanges are more about powerful server capacities and user-friendly interfaces.","Exchanges text 2":"Stock exchanges make money through commissions on trades for stocks made by a huge number of investors. An exchange charges an investor for every transaction of this type. If an investor is content, he will make more and more transactions and bring more and more money for the exchange. And the investor is happy only on one condition — if the share price is growing!","Exchanges text 3":"Customers of stock exchanges can be divided into two types: private and institutional.","Investors title":"Private investors","Investors item bold text":"Investors at an exchange","Investors item normal text":"buy shares because they couldn’t do it earlier → the share price grows","Investors text 1":"These are individuals who possess varying degrees of investment experience and understanding of how exchanges work. They have access to stock exchanges through chains of intermediaries. They are also called retail investors.","Investors text 2":"To a large degree, they are the reason why IPO happens. Practically everywhere in the entire world massive investments in stocks are possible only at exchanges. This means that millions and millions of people can’t invest in stocks of companies that haven’t yet gone public.","Institutional Investors":"Institutional investors","Institutional Investors text 1":"Institutional investors represent organizations that make their money from stock price growth. Of them, we are interested in those who can’t invest anywhere except on exchanges for one of the reasons:","Institutional Investors list item 1":"Their investment strategy implies the possibility of selling at any time, and this can be done only at an exchange.","Institutional Investors list item 2":"Regulators’ restrictions on a stock purchase. As a rule, such restrictions apply to funds that collect money for investments from retail investors. Pension funds would be the most typical example here.","Motivation of the participants":"Participants’ motivations","Motivation of the participants text 1":"Now that we know all the participants of the roadshow, let’s look at how they do an IPO and make it succeed.","Motivation of the participants list item 1":"Executives, founders and funds that have invested in a company at the early stage, are getting it prepared for IPO.","Motivation of the participants list item 2":"An underwriter joins at the last stage of preparations.","Motivation of the participants list item 3":"This company files with the SEC and can now be tracked in the IPO calendar. SEC gives the green light to the company as a government regulatory agency responsible for protecting investors.","Motivation of the participants list item 4":"The underwriter helps with a promotion campaign (roadshow).","Motivation of the participants list item 5":"The underwriter gathers orders for buying the company’s stocks from those who have seen presentations in the roadshow.","Motivation of the participants list item 6":"It is up to the underwriter to decide to whom and how many stocks will be sold and at what price.","Motivation of the participants list item 7":"A stock exchange supports it, forbidding from selling securities in the first trading months, and especially from opening short positions (short-selling).","Motivation of the participants list item 8":"Institutional and retail investors buy stocks at an exchange.","Motivation of the participants list item 9":"Nobody makes disruptive, sudden moves, and shares steadily grow.","Motivation of the participants aside text":"Share allotment refers to the percentage of allocation of shares granted by an underwriting firm during an IPO. The increasing popularity of IPO investments causes allotment to decrease every year. This tendency will continue in 2021.","Motivation of the participants 1":"An underwriter’s key role in this process is to generate as much interest with investors as possible, yet to leave unsatisfied demand! Therefore only a part of demand becomes satisfied.","Motivation of the participants 2":"The first trading day’s price is often higher than the price at which the investors bought the shares at the IPO. This occurs if everyone keeps to the long-term perspective.","Motivation of the participants 3":"The above-described process triggers the “built-in protection” of IPO investments from a crisis. A crisis means is a lack of desire to buy stocks at an exchange on the part of private and institutional investors. When there’s no desire to buy, IPO can’t happen. This was the case during the COVID-19 pandemic throughout 2020.","Negative example":"An example of a negative scenario","Negative example text 1":"To better understand the advantages of the approach above, let’s look at an alternative where none of the participants is interested in share price growth:","Negative example list item 1":"An underwriter is motivated to gather the maximum volume of investments in the company possible and is not worried about the stock price’s future.","Negative example list item 2":"He or she collects orders for IPO.","Negative example list item 3":"He gives as many shares to anyone as he wishes to buy them and at the maximum possible price, without leaving unsatisfied demand.","Negative example list item 4":"Now stocks start trading on an exchange, but there’s no one to buy them — their price after IPO tumbles.","Negative example text 2":"This happens when the participants are focused on the outcome for a certain IPO, and not on the long-term perspective for all participants in the process. All this makes an underwriter the orchestrator of an IPO process and stock price movements in the first months following it.","How to use the information":"How to use information about IPO participants and their motivations","How to use the information text 1":"Such complex, overlapping motivations are present among participants in the U.S. and Silicon Valley, which is why we predominantly invest in companies from this region.","How to use the information text 2":"The effect from participants’ activity is most powerful in the first months following the IPO. This is the reason we invest up to 3 months, no longer. A longer investment period would indicate a stock market investment, not an IPO investment.","How to use the information text 3":"Investment is sort of a medium-term trading strategy based on a specific balance of power at a certain point in the lifecycle of a company and the attendant sustained upward tendency toward share growth post-IPO.","From investments at the IPO stage to pre-IPO":"From IPO investments to pre-IPO","View current pre-IPOs United Traders":"View current pre-IPO investments","View investment ideas from United Traders":"View United Traders investment ideas","From investments at the IPO stage text 1":"The long-term success of IPO investments lies not only in grasping the current situation but also in being aware that one day the market will change and such investments will no longer be so profitable. We see these changes already today.","From investments at the IPO stage text 2":"In the first place, they have to do with the fact that large investment funds invest in stocks in the early stages of companies’ development and are unwilling to share profits with those who earn their money from IPOs. Hence the tendency: companies postpone IPOs for longer periods and remain private. Meaning that their price is raised as much as possible before an IPO, and at the IPO they are sold at maximum prices to private investors: directly or through institutional investors who represent their interests at a stock exchange.","From investments at the IPO stage text 3":"The next step is a direct listing process that doesn’t involve an underwriter who organizes the IPO. Recently the IPO calendar has seen a growing number of companies that organize listings on their own. More often than not, these are well-known companies that can attract investors because of their household name. Spotify went public in 2018 through a direct listing, Slack did in 2019, Palantir and Asana — in 2020. Analysts expect more direct listings in 2021.","From investments at the IPO stage text 4":"In the end, IPO investments will no longer bring big profits since immediately after IPO the stock price will fall.","From investments at the IPO stage text 5 pt 1":"This conundrum can be resolved by investing in companies in the early stages of their development, such as ","From investments at the IPO stage Link text 5":"pre-IPO","From investments at the IPO stage text 5 pt 2":", or even earlier, those that trade over-the-counter.","From investments at the IPO stage Link 1 text 6":"Invest in IPO","From investments at the IPO stage text 6 pt 1":" with us and diversify your portfolio by adding such investments as ","From investments at the IPO stage Link 2 text 6":"pre-IPO","From investments at the IPO stage text 6 pt 2":"and ","From investments at the IPO stage Link 3 text 6":"OTC"},"navigation":{"IPO investments":"IPO investments","IPO with UT":"IPO with United Traders","IPO calendar":"IPO Calendar","IPO Results":"IPO Results","Risks":"Risks","What is Pre-IPO":"What pre-IPO means","Pre-IPO in Silicon Valley":"Pre-IPO in Silicon Valley","Pre-IPO on UT platform":"Pre-IPO on UT platform","Pre-IPO via SPV":"Pre-IPO via SPV","Pre-IPO Results":"Pre-IPO Results","Pre-IPO Risks":"Risks"},"ipo-with-ut":{"An example of a positive and negative result":"Examples of a negative and positive result","Positive Zoom":"Positive: Zoom","Negative SelectQuote":"Negative: SelectQuote","Submission of idea and acceptance of applications":"Releasing an investment idea and applications acceptance","Zoom filed an application in April 2019":"In April 2019 Zoom filed with the SEC and could be tracked in the IPO calendar. We evaluated the company and made a decision to participate in the investment, and the company was posted to the United Traders platform.","Fragment of an investment idea card on the platform (Zoom)":"Zoom card on UT platform","You can participate until 19,00 April 17":"You can join until April 17, 19:00 (UTC+3)","Waiting for the start":"Expected start","After the IPO application is completed":"After an order for IPO is processed, a user will see the investment order card with the current status and expected IPO date in his portfolio.","Application card in the investors personal account":"Order card in investor’s account","IPO Date April 18":"Scheduled IPO date: April 18","Trading starts 11,30 New York time":"Trading starts: ≈11:30 a.m. New York Time Zone","Application amount $ 800 ":"Submitted amount: $800","Distribution of shares among investors":"Distribution of shares among investors","A few hours before the start of trading shares are distributed among investors":"A few hours before trading starts, shares are distributed among investors, and only at this point does the share allotment and final price per share become known. If an allotment is less than 100%, the remaining funds in investor’s order will return to him.","Example of a letter sent to investors by email":"Example of an email we sent to investors","United Traders sends a letter to each investor with information":"United Traders sends an email with the order details to every investor.","Allocation 72%":"Allotment: ≈72%","Shares bought 16":"Shares bought: 16","Price per unit $ 36":"Price per share: $36","More information on investment is available":"More information on the investment is available in the corresponding card in user’s personal account.","Amount of investment 576":"Investment amount: $576","Entry fee $ 3 $ 17,28":"Entry fee: 3% = $17.28","Debited from the account $ 593,28":"Debited from account: $593.28","Refunded $ 206,72":"Returned to account: $206.72","Start of trading change in the share price":"Trading start, share price change","We are waiting for the end of the lock-up period":"We wait until the lock-up period expires (≈3 months). A share price change will be shown in user’s account. A month after IPO a user can exit early, but the share price is growing, so it makes sense to wait for the scheduled completion of the investment.","Investment card in the investors personal account":"Investment card as shown in investor’s United Traders account","Automatic completion of the investment":"Automatic closing of investment","The money is returned to the account":"The invested money returns to your account, including the profit you’ve made, minus the commissions.","End of the lock-up period July 22, 2019":"Lock-up period expires: July 22, 2019","Total share price $ 1 505,92":"Total shares price: $1 505.92","Exit Commission 1,75% $ 26,92":"Exit fee: 1,75% = $26.92","Profit commission 20% 177,26":"Profit fee: 20% = $177.26","Cash out $ 1 302,31":"Credited to account: $1, 302.31","Profit 123,1% $ 709,03":"Profit: +123,1% = $709.03","Completed investment idea card in the investors personal account":"A completed investment card as shown in investor’s account","SelectQuote appears on the calendar in May 2020":"In May 2020 SelectQuote was put on the calendar of coming IPOs. We made a decision to join the investment, and the company was posted to the United Traders platform.","Fragment of an investment idea card on the platform (SelectQuote)":"SelectQuote card on UT platform","You can participate until 23,59 May 20":"You can join until May 20, 23:59 (UTC+3)","After the IPO application is completed, an application card appears in the users portfolio":"After an order for IPO is processed, a user will see the IPO investment card with the current status and expected IPO date in his portfolio.","IPO Date May 21":"Scheduled IPO date: May 21","Trading starts 10,30 New York time":"Trading starts: ≈10:30 a.m. New York Time Zone","Application amount $ 500":"Submitted amount: $500","Allocation 32%":"Allotment: ≈32%","Investment amount 160 $":"Investment amount: $160","Unit price 20 $":"Price per share: $20","Purchased shares 8":"Shares bought: 8","Entry fee 3% $ 4,80":"Entry fee: 3% = $4.80","Charged off $ 164,80":"Debited from account: $164.80","Refunded $ 335,20":"Returned to account: $335.20","We are waiting for the end of the lock-up period negative scenario":"We wait until the lock-up period expires (≈3 months). During this time the shares are dropping. A month after IPO a user can exit early, but we keep the shares in hope that they will bounce back and start growing.","An example of a letter with possibility of closing investments":"An email notification about available early exit option from investment","The money taking into account":"The invested money, minus only the exit fee, returns to your account.","End of the lock-up period August 24 2020":"Lock-up period expires: August 24, 2020","Total share price $ 160,64":"Total shares price: $160.64","Exit Commission 1,75% $ 2,81":"Exit fee: 1,75% = $2.81","Cash out $ 157,83":"Credited to account: $157.83","Loss -4,36% -6,97 $":"Убыток: −4,36% = −6,97 $","Investing in shares of companies on the investment platform United Traders":"Investing in stocks on investment platform | United Traders","How can you invest in stocks at the IPO stage through the United Traders investment platform":"How to invest in shares at the IPO stage through the United Traders platform. How we select companies, calculate risk and return on investment. How we post investment ideas and inform our investors. Investment terms and conditions: offer, commissions and lock-up period.","How IPO Investments Work on the United Traders Platform":"How IPO investments work on United Traders platform","Ksenia Rudenko":"Ksenia Rudenko","Producer and Director United Traders":"United Traders producer and video director","We tell you about the process of investing in an IPO through our platform and show how it works with a specific example":"In this article, we will focus on the process of investing in IPO through our platform and use an example to show how it works.","We select companies subtitle":"Selection criteria, comparison with competitors, Price-to-Sales","We select companies":"Selecting companies","We select companies text 1":"The IPO calendar features on average 150-200 offerings a year, but United Traders selects only some of them. We evaluate every company that files with the SEC: we look at the product, the size of its customer base and customer growth rate, market volume, revenue growth over the past years and other indicators.","We select companies text 2":"One of the key indicators that can be used to evaluate the potential growth of stocks after IPO is the price-to-sales ratio (P/S). A low P/S ratio could indicate that the company is undervalued and its stock has good potential. The ratio can also be used to compare against the exchange-traded competitors’ indicators. For example, if the P/S ratio is ×10, while the competitors trade at a P/S of ×15 and ×20, there’s a high likelihood that the stocks have a good post-IPO growth outlook.","Submitting an investment idea subtitle":"Order submission, the minimum entry threshold","Submitting an investment idea":"Posting investment idea to United Traders","View current IPOs United Traders":"View current IPOs with United Traders","Open the calendar of upcoming IPOs":"Open the Upcoming IPOs Calendar","Submitting an investment idea text":"The stocks that went through a rigorous selection process get posted to the United Traders platform. To participate in an IPO investment with United Traders, you need to apply within the specified period. Recently the processing time between the posting of an investment idea and application deadline has been 1 to 3 days. You can apply for investment for any amount starting from the cost of one share.","We inform investors about the IPO subtitle":"Sending emails to subscribers and Telegram channel","We inform investors about the IPO":"Informing United Traders investors about IPO","We inform investors about the IPO text 1":"Immediately after a new investment is posted to the United Traders platform, we send an email to our investors and post the details about the coming IPO to our Telegram channel","We inform investors about the IPO link":"United Traders Investments","We inform investors about the IPO text 2":"Pay attention to the risk level, estimated return (per trade and annual return), estimated allotment and application deadline.","IPO subtitle":"Collecting and distributing orders, share allotment","IPO":"IPO","IPO aside":"There are cases when a company files for IPO but cancels it at the last moment. It may occur if this company gets acquired by any company or if there is a change in the market situation. For instance, in February 2020 Procore filed an SEC Form S-1 but soon canceled its offering because of the changes on the market — the company postponed its IPO “till markets stabilize”.","IPO text 1":"We stop accepting orders 1-2 days before an offering. After you submit an order, it will show in your United Traders account. The number of applications for joining an IPO is constantly growing, resulting in diminishing share allotment. To join an investment, we recommend you submit your orders at least for $1,000.","IPO text 2":"For instance, if the share allotment of some IPO on United Traders was 10%, and you had previously applied for $10, 000, the amount accepted for this investment would be $1, 000. The rest of $9, 000 would be returned to your account and you could use it for trying next IPOs.","IPO text 3":"The allocation of shares among investors occurs on the IPO day. You will see the number of shares and the amount accepted as an investment in your personal account.","After IPO subtitle":"Lock-up and stock sale","After IPO":"Post-IPO","After IPO text":"Your stocks are on hold until the lock-up period expires (usually after 3 months), meaning that investors can’t sell shares — the provision is applied to them by an exchange. As soon as the lock-up period ends, shares are sold automatically and the return will be credited to your account. You can withdraw this money or redirect them to other investments.","Early exit":"Early exit","Early exit text 1":"Though you can’t sell shares during a lock-up period, our traders find ways to fix investors’ gains by using different financial instruments: forward contracts, options, short positions, etc. To an investor this means that he or she can close an investment, covering the cost of this financial instrument. Usually, you can exit by 10-15% less than the market price.","Early exit text 2":"You can apply for an early exit in your account as soon as you see this option there (usually in a month after IPO), and we will execute it within a single business day.","Commissions":"Fees","Commissions text 1":"We charge commissions on your participation in IPO investments:","Commissions text 2 pt 1":"Entry fee: ","Commissions text 2 pt 2":"3,5% of the price at which you bought the stocks. Charged at the start of investment.","Commissions text 3 pt 1":"Exit fee: ","Commissions text 3 pt 2":"0,5% of the price at which you sold the stocks. Charged at the closing of investment.","Commissions text 4 pt 1":"Profit fee: ","Commissions text 4 pt 2":"20% of net income. Charged at the closing of investment, after the rest of the commissions are paid.","On average, there are 2 losing IPOs per year text 1":"On average per year, out of 8 profitable IPOs that United Traders selects for its platform, 2 IPOs prove unprofitable. You can view the","On average, there are 2 losing IPOs per year link":"Results of all IPOs","On average, there are 2 losing IPOs per year text 2":"on United Traders from 2015 to 2020 in a separate section."},"ipo-results":{"Results of investments in shares at the IPO stage United Traders":"Results of IPO investments | United Traders","Results of investment ideas like IPO on the United Traders platform for 2016-2020":"The results of IPO investments on the United Traders platform for 2016-2021. The results of current investment ideas (before the lock-up period expires). Dates, entry and exit prices, return.","IPO results":"IPO Results","Profit and loss on all United Traders IPO ideas":"Profits and losses for all IPO ideas on United Traders","Finance director":"Irina Trushkina,","United Traders":"United Traders","Irina Trushkina":"chief financial officer","Here we publish a report on the profitability of investment ideas that we proposed for participation":"In this section, we post reports on the returns of the investment ideas we offer on our platform. For current and completed ones.","View current IPO ideas":"View current IPO ideas","Current IPO Ideas United Traders":"Current IPO ideas on United Traders","Results of pending IPOs are shown, so commissions are not included":"The results are shown for incomplete IPOs, for this reason, they don’t include the commissions.","Company":"Company Name","Start - finish":"Start — finish","Entry price":"Entry price","Current price":"Current price","Profit and loss":"Profits and losses","Profit":"Profits","Shown net profit including commissions":"Net profit is indicated (including commissions)","Exit price":"Exit price","Net profit and loss":"Net profit and losses"},"ipo-risks":{"Risks of investing in Companies at the IPO Phase United Traders":"Risks of investing in companies in IPO phase | United Traders","Risks of investing in company shares at the IPO stage allocation, price, liquidity, lock-up period":"The risks of investments in shares of companies in the IPO phase: allotment, price, liquidity, lock-up period. How United Traders experts calculate risks.","Risks of investing in shares of companies at the IPO stage":"The risks of investing in IPO stocks","Highway towards Silicon Valley Big Sur, California":"Highway to Silicon Valley. Big Sur, California","IPO investments have their risks and we strongly recommend that you familiarize yourself with them by reading this article":"Investing in IPOs comes with its own risks, and we strongly recommend that you familiarize yourself with them in this article before jumping into the investment.","Allocation uncertainty":"Uncertainty of allotment","Allocation uncertainty aside":"In May 2019, Beyond Meat went public, the share allotment was ≈30%. The return on investment was 470%. In July that same year, Douyu went public, the share allotment was 68%. By the end of the lock-up period, the company’s shares were worth 40% less than the offering price.","Allocation uncertainty advice":"Up until the IPO date, you don’t really know how many shares per order you will get. This makes it difficult to predict the share of stocks in a portfolio.","Allocation uncertainty text":"If you deal with the most popular (and successful) IPOs, there’s a high probability that you will get low allotment, but if you deal with the riskiest IPOs — on the contrary, you may get a high share allotment.","Price risk":"Price risk","Price risk advice":"A company’s share price may be below expectations on the first day of trading or fall any time after.","Price risk text":"The price can be affected by both external factors — a market crash, a new competitor, as well as by internal risks, for example, the product has changed.","Investment term risk":"Investment period risk","Investment term risk advice":"After a company goes public, its stocks usually can’t be sold throughout the entire lock-up period.","Investment term risk text":"And if shares drop in price, then you don’t have an option of closing the investment before the expiration of the lock-up period. Though we do find ways for an early exit if the market offers such instruments.","How we assess risk":"How we evaluate risks","How we assess risk text 1":"Before we post an investment idea on United Traders, we analyze every company and indicate the risk level on its description page.","How we assess risk text 2":"The majority of investments in IPO stocks have a medium or high risk:","How we assess risk text 3 pt 1":"Medium risk 10–30%. ","How we assess risk text 3 pt 2":"A company’s shares may drop by 10-30%, and this will fall within the normal range.","How we assess risk text 4 pt 1":"High risk >30%. ","How we assess risk text 4 pt 2":"A company’s shares may drop by more than 30%.","How we assess risk text 5":"To reduce risk, we recommend diversifying your portfolio and investing in several companies."},"how-pre-ipo-works":{"How investments in private companies work From pre-IPO to IPO United Traders (title)":"How investments in private companies work. From pre-IPO to IPO | United Traders","How companies from Silicon Valley raise funding Why investors buy pre-IPO stocks (meta description)":"How companies from Silicon Valley raise funding. Why investors buy pre-IPO stocks. How United Traders helps invest in promising IT companies before they go public.","How investments in pre-IPO work":"How investments in pre-IPO work","Dmitry Belousov, CEO of United Traders,":"Dmitry Belousov, CEO of United Traders,","and Eduard Tsinker, Partnership Programs Director":"and Eduard Tsinker, Partnership Programs Director","The United Traders platform offers investments in late-stage companies":"The United Traders platform offers investments in late-stage companies prior to their listing on a stock exchange (pre-IPO). But before we delve into how to invest in pre-IPO through United Traders, here’s our explaining how investments in companies based in Silicon Valley actually work.","Capitalization":"Capitalization","First things first, where does a startup get its value":"First things first, where does a startup get its value? A company’s value, its capitalization, is equal to the share price multiplied by the number of shares. Growing capitalization means earnings for everyone: founders, employees with stock options, early stage investors and, of course, us — those who invest in late stage startups: pre-IPO and IPO — shortly before a company goes public.","A companys growth that is measured quantitatively by its capitalization growth":"A company’s growth that is measured quantitatively by its capitalization growth is a lengthy process that takes years. The most successful companies grow rapidly, constantly accelerating, but all go through several stages: early, mid- and late. Let’s take a close look at each of them.","Seed, Pre-Seed, pitch, accelerators, business angels":"Seed, Pre-Seed, pitch, accelerators, business angels","Early stage":"Early stage","At the very beginning of your entrepreneurial journey you consider":"At the very beginning of your entrepreneurial journey, you consider the feasibility of your business idea and sell it to first investors. Investors “seed” by investing money in several startups hoping that some of them will get off the ground and cover the losses of the rest of the failures. The first investment stage is commonly known as “Seed” or “Pre-Seed”.","At the prime stage a company hasnt yet built an idea into a product":"At the prime stage a company hasn’t yet built an idea into a product, so it has to sell it to investors by making a pitch. Even if a business idea seems far-fetched, a short and impressive story must make an investor believe in the idea and invest his or her money.","But money can get you only so far Connections and experience":"But money can get you only so far. Connections and experience are what startups are lacking in most. At this stage, you want to turn to accelerators (a fixed-term intensive training program to help new businesses get established) and business angels (private investors who provide financial backing and advice for small startups).","The largest":"The largest","accelerators":"accelerators","by number of successful investments":"by number of successful investments. Left to right: Y Combinator, 500 Startups, Techstars, Plug and Play, MassChallenge, Startupbootcamp.","Accelerators sift through a multitude of ideas and select the best ones":"Accelerators sift through a multitude of ideas and select the best ones, provide initial funding and help build business processes, and launch a product/ service in exchange for a startup’s equity. There are nearly 7000 business incubators globally. Of them, the largest ones are concentrated in the U.S.","Startups that eventually become successful, do not always get past":"Startups that eventually become successful, do not always get past the highly competitive application process. Many of them struggle to find the required money, so owners look elsewhere for investments.","If you at the very beginning of your business journey":"If you at the very beginning of your business journey, chances are the list of your potential investors comes down to the three classical","FFF":"FFF","Fools, Friends and Family":" — Fools, Friends and Family.","The first stage is considered to be successful if owners obtain initial":"The first stage is considered to be successful if owners obtain initial, the so-called “seed” investments.","Early stage, investment funds, rounds":"Early stage, investment funds, rounds","Mid-stage":"Mid-stage","Most well-known funds":"Most well-known funds: Andreessen Horowitz, Sequoia Capital, Accel, Benchmark, Index Ventures, Kleiner Perkins, Founders Fund.","A company has succeeded in finding initial investments":"A company has succeeded in finding initial investments, but its development requires more money. In order to attract necessary financing, this company will do investment rounds: research investors (or investors may come to it) and raise the required sum of cash. Usually, startups associate funding rounds with an important milestone in their development.","At this stage, startups use the help of investment funds":"At this stage, startups use the help of investment funds. Funds vary by the types of industry they support (tech, biotech, AI, robotics), by the capital they manage and by the startup stages they specialize in when investing (well-established, mid-stage, early stage).","Every investment round (А, В, С, D, etc) means more money":"Every investment round (А, В, С, D, etc.) means more money, issuance of stock to this round’s investors and new valuation for the company. The subsequent letters represent subsequent rounds. Investors’ rights at every round may vary, but in general, an investor always gets an equity stake in the company being funded and the option to sell its stocks to profit from his investment.","Every startup goes through its own trials and tribulations":"Every startup goes through its own trials and tribulations, but let’s say we have an average company in question.","Series A — early growth":"Series A — early growth","By series A stage, the company already has a developed product":"By series A stage, the company already has a developed product and customer base (it has succeeded at both in pre-Seed and Seed rounds). Now the company organizes production, improves the first versions of its product, brings it to market and tests unit economics.","Series В — scaling stage":"Series В — scaling stage","If the previous stages served to prove the companys viability":"If the previous stages served to prove the company’s viability, Series B round sets bigger, even more ambitious goals — scaling, expansion of production and sales, capturing new markets.","Series СF — maturity stage":"Series С...F — maturity stage","At this stage, a company captures a larger market share":"At this stage, a company captures a larger market share, develops new products and acquires another startup as a merger. This company is well-established and has procured stable revenue streams.","A company’s valuation is drawn by venture investors that build financial models":"A company’s valuation is drawn by venture investors that build financial models and take into account multiple factors — potential market size, revenue growth and unit economics indicators, size of costs, product’s functionality, etc.","There are no pre-determined funding rounds a company must do":"There are no pre-determined funding rounds a company must do. There is no fixed amount of time that must pass between rounds — every company decides for itself. Likewise, it decides if it should seek venture funding or bootstrap, how many investors will be in the next round and on what terms it will trade its equity.","There are no regulatory authorities on the over-the-counter market":"There are no regulatory authorities on the over-the-counter market that oblige a company to disclose financial statements four times a year, the way public companies do (balance sheet, profit and loss statement, cash flow statement). Here investors want to profit without waiting for IPO, companies want to get big but non-toxic money, bring their product to market, capture a portion of it or tailor it to meet their needs, then go public or remain a private company.","The growing value indicates that a company is on the right track":"The growing value indicates that a company is on the right track. As it progresses from one funding round to another, its valuation becomes more accurate. Gradually the public gets to know more and more information about its business: revenue numbers, customer base, growth rates. Provided, of course, founders and management want to disclose these financials.","Late stage, Pre-IPO":"Late stage, Pre-IPO","Late stage":"Late stage","A companys growth culminates in IPO, the process of offering":"A company’s growth culminates in IPO, the process of offering corporate shares to the public for the first time. When a startup goes public, its investors in all previous funding rounds get an opportunity to cash it out.","However, in recent years companies more and more often remain private":"However, in recent years companies more and more often remain private: now a startup may take 10-12 years to reach IPO from its inception. Large investors have long-term money and are ready to wait to profit more, while small and midsize investors who are used to buying stocks after IPO don’t have the opportunity to make money using the same instruments.","Nowadays more and more people see the results of their investments":"Nowadays more and more people see the results of their investments in pre-IPO stocks and feel ready to invest in private companies though some 5-10 years ago they invested only in publicly traded stocks. The private stocks market gradually ceases to be a) a gray area with muddled rules, b) a playground exclusive for large investors.","The market is gradually embracing the concept of investments":"The market is gradually embracing the concept of investments in private companies even if you have a small amount of money. We at United Traders are pushing the market toward this trend: we are looking for ways to let midsize and small investors profit from investments in private stocks, and we work hard to make this process as user-friendly as possible.","Exit, underwriters, listing, direct listing":"Exit, underwriters, listing, direct listing","IPO":"IPO","Most companies aspire to do an IPO Investors in previous rounds":"Most companies aspire to do an IPO. Investors in previous rounds see IPO as an opportunity to exit, while a startup looks to get a fair valuation and solid clients that prefer to work with public companies (it’s easier to evaluate their product and business condition, openness plays a vital role here).","SEC (the Securities and Exchange Commission)":"SEC (the Securities and Exchange Commission) is a federal agency that regulates securities markets in the United States.","When a startup decides to go public, it employs underwriters":"When a startup decides to go public, it employs underwriters — investment banks responsible for administering a public offering and files its prospectus with the SEC. This startup will prepare documentation and list on a stock exchange (listing). After IPO (Initial Public Offering), the company’s stocks are publicly traded and anyone can easily buy them.","However, if a startup intends to do an IPO, it doesnt necessarily need to":"However, if a startup intends to do an IPO, it doesn’t necessarily need to employ investment banks. Some (like Spotify, Slack) do their own listing (direct listing). In this case you don’t have an opportunity to buy stocks shortly before IPO, and those investors who bought pre-IPO stocks hold an advantage.","M&A":"M&A","One way to exit is to go the way of Mergers & Acquisitions":"One way to exit is to go the way of Mergers & Acquisitions. In this case a larger company acquires the other company’s stocks. If a company is acquired with a premium — at a higher price than it was valued before, investor will profit. The later the funding rounds, the lower the risk level for investor.","Negative scenario":"Negative scenario","When investing in the seed stage, investors believe that only":"When investing in the seed stage, investors believe that only a few companies from their list will take off. The rest of them will go bankrupt, and investors include this risk. The closer a startup to an IPO, the more stable its operations, the lower risks it will go bankrupt. However, one cannot rule out such risk.","In a nutshell":"In a nutshell","View current pre-IPO investments":"View current pre-IPO investments","View investment ideas from United Traders":"View United Traders investment ideas","Hundreds of new companies emerge every day":"Hundreds of new companies emerge every day. Many of them go bankrupt, few of them will grow into unicorns (privately held startup companies valued at over $1 billion). Picking the right time is of utmost importance to investor. In our opinion, late-stage rounds (pre-IPO) are one of the best such moments.","We at United Traders offer investments in startups at pre-IPO":"We at United Traders offer investments in startups at pre-IPO since we believe that at this stage investor has the most opportunity to make money.","We ourselves invest in companies that we select for our platform":"We ourselves invest in companies that we select for our platform because we see opportunity in profiting within an investment horizon of few years. Most of these companies develop technologies that transform the world creating a new market around them. We are also passionate about investing in private companies because they create novel things capable of disrupting our daily life.","Renting an apartment from Airbnb, taking a course through Coursera":"Renting an apartment from Airbnb, taking a course through Coursera, buying Lemonade insurance or eating a plant-based burger from Impossible Foods — all this has gradually become part of our daily routine. And investments in private companies are no longer something abstract, they too have become a reality now.","Сurrent pre-IPO investments":"Current pre-IPO investments","A fragment of United Traders interface":"A fragment of United Traders interface","Select one or several investment ideas on United Traders":"Select one or several investment ideas on United Traders.","View all ideas on United Traders":"View all ideas on United Traders"},"pre-ipo-on-ut-platform":{"How investments in private companies work on the United Traders platform (title)":"How investments in private companies work on the United Traders platform. Pre-IPO and IPO boom in 2021.","How United Traders selects its best pre-IPO investment ideas A lifecycle of investing in private stocks on the United Traders platform (meta description)":"How United Traders selects its best pre-IPO investment ideas. A lifecycle of investing in private stocks on the United Traders platform. How to make money by investing in pre-IPO stocks.","How pre-IPO Investments on United Traders Platform Work":"How pre-IPO Investments on United Traders Platform Work","Dmitry Belousov":"Dmitry Belousov","United Traders CEO":"United Traders CEO","Let’s look at a pre-IPO investment lifecycle on the United Traders platform and at how to join a deal":"Let’s look at a pre-IPO investment lifecycle on the United Traders platform and at how to join a deal.","What pre-IPO companies are selected by United Traders":"What pre-IPO companies are selected by United Traders","Startups from Silicon Valley":"Startups from Silicon Valley","First and foremost, we consider the stocks of companies":"First and foremost, we consider the stocks of companies that originate and develop in Silicon Valley, California, U. S. Silicon Valley is the place where the quarters of the best tech companies are concentrated. Also, this is the home of startups that create products of the future (go watch our video about Silicon Valley to get a detailed story about the environment that persists as the primary destination for such companies).","The second requirement for a company that you eventually see on our platform":"The second requirement for a company that you eventually see on our platform is that it must develop with the help of investor’s funding. We select only the startups that demonstrate rapid growth and raise money from the largest investment funds at every stage of their development.","The third criteria our few select have a fully-fledged business":"The third criteria: our few select have a fully-fledged business worth hundreds of millions and billions of dollars. These are not prime-stage companies and even not the companies that have already obtained investments. We are talking about businesses that demonstrate all the signs of going public within 1-3 years.","Only companies with the best prospects are selected for unitedtraders":"Only companies with the best prospects are selected for unitedtraders.com. We discard all the rest.","Companies from all over the world":"Companies from all over the world","Extremely rarely we select companies that didn’t originate in Silicon Valley":"Extremely rarely we select companies that didn’t originate in Silicon Valley. However, such a company will too meet all our requirements for a potentially successful technology startup.","Selection of investment ideas":"Selection of investment ideas","There are two ways to add stocks to our platform":"There are two ways to add stocks to our platform:","At investor’s request":"At investor’s request","On our initiative":"On our initiative","Any United Traders customer can propose stocks for the platform":"Any United Traders customer can propose stocks for the platform. To do it, he or she must be ready to act as an anchor investor and invest about $500,000-1,000,000.","Such an investor would suggest buying some private stocks":"Such an investor would suggest buying some private stocks and confirm that he’s ready to invest in them. Our analysts research this company and make their decision. We consider only companies which, in our opinion, have great profit potential. If the investment meets all the requirements, we buy its stocks for the anchor investor.","On United Traders analyst team’s initiative":"On United Traders analyst team’s initiative","Georgy Yuriev Chief Analyst, United Traders":"Georgy Yuriev — United Traders Chief Analyst","This is the primary way of adding a pre-IPO type investment idea":"This is the primary way of adding a pre-IPO type investment idea to United Traders platform — on our analysts’ recommendations, a professional team with a background of investing in the over-the-counter market.","We continually track the largest private companies from Silicon Valley":"We continually track the largest private companies from Silicon Valley. In the first place, we pay attention to new funding rounds, company’s business success and any available news about its internal events.","On the other hand, we constantly consult a network":"On the other hand, we constantly consult a network of private and institutional investors, to get information on who and at what price is buying/selling stocks. In this way we are constantly updating the shortlist of companies whose stock can make their way to the pre-IPO section on United Traders.","When there’s demand on United Traders platform":"When there’s demand on United Traders platform for new investment ideas and the market has good offers, we start the investment idea preparation process.","Posting an idea, investment orders and execution":"Posting an idea, investment orders and execution","Collection of preliminary orders":"Collection of preliminary orders","After we have selected an investment idea for our platform":"After we have selected an investment idea for our platform, we post it in the pre-IPO section with a minimum entry threshold of $5,000, inform large investors about a new investment idea and collect preliminary orders.","ROFR — Right of First Refusal":"ROFR — Right of First Refusal means that a company and its key stakeholders exercise have a right to buy its stocks before outsiders can, thus blocking our deal.","At this stage, an investment may still fail to go through":"At this stage, an investment may still fail to go through. Your order may get rejected within 30 days unless we see sufficient interest from investors and within 60 days — if we fail to pass a ROFR procedure.","Execution of orders":"Execution of orders","If we see enough interest from investors and we pass a ROFR procedure":"If we see enough interest from investors and we pass a ROFR procedure, the stocks will be reflected on United Traders’ balance sheet and we execute all preliminary orders made by our investors. After this we reduce the threshold entry to the price of one share and provide an opportunity to invest in this company to everyone.","Every user who submitted an order, will see a corresponding investment":"Every user who submitted an order, will see a corresponding investment on the page “My portfolio”. Orders are processed instantly. If your order gets rejected, there is a chance that we don’t have enough shares to fulfill it — try to apply for a smaller amount. As soon as your order is fulfilled, the number of shares and their price will show in your account in the section “My portfolio”.","How we buy private stocks":"How we buy private stocks","Regardless of a private company’s development stage":"Regardless of a private company’s development stage (pre-IPO or early stage) — the process of buying stocks is approximately the same. If a company meets the requirements of our investment strategy, we see confirmed interest from investors and we have a contractor who can sell stocks at a good price, we start the following procedure:","Check the structure of the deal":"Check the structure of the deal: ownership through an intermediate company (SPV), buying an option from an employee, entering into a forward contract to supply stocks at a set price in the future.","Sign a Purchase Agreement и Term Sheet":"Sign a Purchase Agreement и Term Sheet — these papers fix the final terms of a deal: stock description, ownership form, price, quantity, commissions and the terms of stocks transfer.","Companies from all over the world We make sure we pass a ROFR":"Companies from all over the world. We make sure we pass a ROFR procedure. If none of the stakeholders used its contractual right to buy stocks at the deal’s price, this procedure is considered to have been passed. If a stakeholder exercises its ROFR right, the deal will be canceled.","Sign a Stock Transfer Agreement":"Sign a Stock Transfer Agreement, sending money and receiving stocks.","We get a stock ownership certificate":"We get a stock ownership certificate.","How often prices are updated":"How often prices are updated","Before a company goes public, its stock price changes with the next round":"Before a company goes public, its stock price changes with the next round. These changes don’t happen often, but we track the information about the key events in the companies in our portfolio (syndicated deals, investment rounds, indicative interest from funds and private investors in buying and selling stocks) and we let our investors know about them.","Before a company goes public If the price has changed":"Before a company goes public: If the price has changed by more than 10% of the current price on United Traders platform, we will change it as soon as we receive the actual information. Anyway, we update the price on a monthly basis.","Use public sources to check stock prices of some companies":"Use public sources to check stock prices of some companies, but the prices of the last funding round and those of the over-the-counter market do not always coincide. Shares of some companies are sold with a premium to the latest round of funding, the way it happened to Cohesity.","After IPO, the price is updated every day according to the closing price":"After IPO, the price is updated every day according to the closing price.","A pre-IPO company’s share price change in the United Traders interface":"A pre-IPO company’s share price change in the United Traders interface","How we inform about the development of the company":"Как мы информируем о развитии компании","Until the company goes public, we inform investors about the events":"Пока компания не вышла на биржу, мы информируем инвесторов о событиях, которые приближают её к IPO: выход на новый рынок, запуск продукта или заключение партнерства. Такие новости мы публикуем в ежемесячном дайджесте в официальном телеграм-канале United Traders.","If a major event occurs that can directly affect the share price":"Если происходит крупное событие, которое может напрямую повлиять на цену акции, мы публикуем отдельную новость — там же в официальном телеграм-канале United Traders.","We recommend subscribing to":"Рекомендуем подписаться на","United Traders Investments":"United Traders Investments","to know the reasons for the change in the price of stocks in your portfolio":", чтобы знать причины изменения цены акций в вашем портфеле и принимать взвешенные решения.","Exit before IPO":"Exit before IPO","If you want to exit an investment before IPO, say, to fix your profit":"If you want to exit an investment before IPO, say, to fix your profit following a jump in share prices, you can do it in your account at any time. You can exit an investment entirely or sell only part of it (in this case, you need to specify the number of shares). We don’t charge any extra fees for early exit. Your exit application will be processed instantly.","A fragment of the interface of the unitedtraderscom platform featuring an investment idea with an early exit option":"A fragment of the interface of the unitedtraders.com platform featuring an investment idea with an early exit option","The shares you have sold will become available on the United Traders":"The shares you have sold will become available on the United Traders platform, and someone else will be able to join this investment. Please be aware that if the platform features some stocks but your bid gets rejected, there is a chance that we don’t have enough shares to fulfill it. Try to apply for a smaller amount. The most popular stocks experience enormous demand, and we quickly run out of stock with them, no pun intended. To see the stocks available now, go to the section “Investment Ideas” on the United Traders website.","Exit after IPO":"Exit after IPO","If the company you invested in is going public, your investment":"If the company you invested in is going public, your investment is further seen as an investment in IPO.","So a company files an S-1 form — the required filing format":"So a company files an S-1 form — the required filing format of the U. S. Securities and Exchange Commission (SEC). S-1 filing confirms that the company is going public. A few days after the filing, a company reveals the price range for its offering, the price varying with a difference of several dollars. The offering price is the price at which a company is going to sell its shares. You can compare this price range with the price at which you bought your stocks. If the offering price is higher than the price at the pre-IPO stage, you will see your profit immediately. If this price is lower, you should wait for the start of trading and follow the price after IPO.","When a company goes public, the share price in your account":"When a company goes public, the share price in your account will be updated every day. You won’t be able to sell shares for 6 months after IPO — the so-called lockup period, a practice in a publicly-traded company that freezes company stock selling for a time.","When a lockup period expires, your investment closes automatically":"After the lockup period is completed, we will begin the process of transferring the shares to our brokerage account. The profit will then be deposited into your investment account.","Alternative exit scenarios":"Alternative exit scenarios","Apart from client’s selling shares and IPO, there are several scenarios":"Apart from client’s selling shares and IPO, there are several scenarios when United Traders may close a pre-IPO investment.","M&A — Mergers and Acquisitions":"M&A — Mergers and Acquisitions refers to the economic processes of business and capital consolidation occurring at the micro- and macroeconomic levels which result in the emergence of larger companies in the market.","M&A (mergers and acquisitions)":"M&A (mergers and acquisitions)","a startup may acquire another startup as a merger":"— a startup may acquire another startup as a merger. In this case investor’s profit or loss depends on the terms of a deal. If a company is acquired with a premium, an M&A deal can become quite a positive scenario for an investor.","Bankruptcy":"Bankruptcy","in this case investor receives zero":"— in this case investor receives zero. However, this happens rarely. Among the companies selected by United Traders, there were none such companies.","Selling stocks on an OTC market (on UT’s initiative)":"Selling stocks on an OTC market (on UT’s initiative).","If it becomes clear that a company won’t go public":"If it becomes clear that a company won’t go public, or it postpones its offering indefinitely or the prospects of this company worsen (a company can’t raise funding through rounds, has debts over 3 years, doesn’t show revenue, etc.), we sell such stocks for the benefit of investors.","Fees":"Fees","We charge commissions on your participation in pre-IPO investment":"We charge commissions on your participation in pre-IPO investment:","Entry fee":"Entry fee","3,5% of the price at which you bought the stocks":"– 3.5% of the price at which you bought the stocks. Charged at the start of an investment.","Exit fee":"Exit fee","0,5% of the price at which you sold the stocks":"– 0.5% of the price at which you sold the stocks. Charged at the closing of an investment.","Profit fee":"Profit fee","20% of net income Charged at the closing of an investment":"– 20% of net income. Charged at the closing of an investment, after the rest of the commissions are paid."},"pre-ipo-results":{"The results of investments in pre-IPO stocks 2021 | United Traders":"The results of investments in pre-IPO stocks 2021 | United Traders","Investments in private companies at the pre-IPO stage Report on the returns of current and completed pre-IPO investment ideas on the United Traders platform":"Investments in private companies at the pre-IPO stage. Report on the returns of current and completed pre-IPO investment ideas on the United Traders platform.","Pre-IPO Results":"Pre-IPO Results","Profits and losses for all pre-IPO ideas on United Traders":"Profits and losses for all pre-IPO ideas on United Traders","Liberty Island":"Liberty Island,","New York, USA":"New York, USA","Here you can view our reports on the returns for the pre-IPO investments we offered you to join":"Here you can view our reports on the returns for the pre-IPO investments we offered you to join.","View current pre-IPO ideas":"View current pre-IPO ideas","Pre-IPO United Traders":"Pre-IPO United Traders","For completed investments, the net profit including commissions is shown":"For completed investments, the net profit including commissions is shown. For current investments, commissions are not yet included, and the exact date of completion will be known approximately towards the expiration of the lockup period.","Company":"Company Name","Start - finish":"Start — finish","Entry price":"Entry price","Current price":"Current price","Profit and loss":"Profits and losses","Profit":"Profits"},"pre-ipo-risks":{"The risks of investing in private companies at the pre-IPO and IPO stages | United Traders (title)":"How United Traders selects from private companies and how temporal uncertainty, asymmetric information, liquidity, equity structure and bankruptcy threat affect the risk assessment of pre-IPO investments.","How United Traders selects from private companies and how temporal uncertainty (description)":"The risks of investing in private companies at the pre-IPO and IPO stages | United Traders","Investment risks in pre-IPO":"Investment risks in pre-IPO","Ksenia Rudenko":"Ksenia Rudenko","producer and director":"United Traders producer and video director","Here are the general risks of investing in the majority of private companies":"Here are the general risks of investing in the majority of private companies.","Temporary uncertainty":"Temporary uncertainty","In 2018 United Traders offered its customers to invest in Palantir":"In 2018 United Traders offered its customers to invest in Palantir.","The price per share was $8 35 At the time of writing this piece":"The price per share was $8.35. At the time of writing this piece, there weren’t any shares left.","Temporary uncertainty Advice":"A seller of stocks (employees and early investors) knows more information than a new buyer. An investor usually doesn’t know the supposed IPO date.","We select companies that demonstrate all the signs of going public":"We select companies that demonstrate all the signs of going public within 1-3 years, however, these signs are indirect. News about hiring a new CFO or management’s public statements may point to company’s IPO preparations, but nobody knows the exact date. Moreover, company’s plans may change as a result of new market conditions.","Palantir’s CEO has repeatedly expressed the management’s intention":"Palantir’s CEO has repeatedly expressed the management’s intention to go public in the foreseeable future. The information appeared in the Financial Times in 2017 and Bloomberg and the WSJ in 2018. In mid-2020, Palantir again announced that it’s likely to go public soon, this time to CNN.","Asymmetry of information":"Asymmetry of information","Asymmetry of information Advice":"The seller of stocks (employees and early investors) knows more information than a new buyer. An investor can’t always give an accurate assessment of company’s financial indicators.","Private companies are not obliged to disclose their reports":"Private companies are not obliged to disclose their reports and financials, the way traded companies do. Revenue, customer base, growth rates — this information is known by management’s statements. A more accurate assessment can be made as a company progresses from early funding rounds to later ones, but it is still impossible to verify this data.","For instance, in November 2019 Lemonade CEO announced":"For instance, in November 2019 Lemonade CEO announced that the company had reached the $100 million annual recurring revenue (ARR) milestone. The market perceived it as an indicator of net revenue by which a company is usually examined in advance of its IPO. In June 2020, when the company disclosed its financials, its net revenue was actually $83 million. The new information pushed the price down from $47.5 to $23–26. But in the end investors profited in all rounds — Lemonade’s shares opened at $78.20.","An example of investment in pre-IPO stocks":"An example of investment in pre-IPO stocks. The cursor points to the drop of the stocks shortly before IPO, but in this case it had grown after the start of trading.","Low liquidity":"Low liquidity","Low liquidity Advice":"If you are dealing with an over-the-counter market to buy/sell shares, you need to look for a buyer. Early exit from an investment may take time: a month or longer.","When you buy or sell public stocks, your application is executed":"When you buy or sell public stocks, your application is executed instantly. An enormous number of sellers and buyers make the stock market liquid. But when you buy or sell private stocks, you are looking for a buyer or seller in every case. An over-the-counter market is not so liquid though in recent years the number of participants and size of transactions have been growing.","Liquidity (transaction speed) on an OTC market increases":"Liquidity (transaction speed) on an OTC market increases when it comes to selling or buying high-profile stocks like Airbnb, but the majority of companies selected on our platform are no so popular, so finding a seller/buyer proves more difficult. This process takes a month or longer.","Dilution of equity capital":"Dilution of equity capital","We added ThoughtSpot to the platform in December":"We added ThoughtSpot to the platform in December 2019 when by indirect signs we concluded that the company may go public soon.","The share price on the OTC market was":"The share price on the OTC market was $13.83.","Dilution of equity capital Advice":"As funding rounds occur and more equity is issued, existing shareholders experience a decrease in their ownership percentage.","This happens if the issue of new shares comes with their price":"This happens if the issue of new shares comes with their price growing disproportionately to the capitalization of a company. However, a dilutive effect isn’t always bad: new shares may be issued at a higher price, and in this event you own a smaller share of a larger company, and the total value of your investments grows.","A funding round in April 2018 for ThoughtSpot valued the company":"A funding round in April 2018 for ThoughtSpot valued the company at $880 million (the share price was $9.69). In the following round the company issued 50 million new shares, the share price grew to $13.83 (43%), and its valuation — to $2 billion (by 127%).","Failing to pass ROFR":"Failing to pass ROFR","Failing to pass ROFR Advice":"ROFR, Right of First Refusal — during the approval stage, a company and its key shareholders have the right to buy stocks at the price of a deal.","We post investment ideas on United Traders platform":"We post investment ideas on United Traders platform when we have already found stocks and agreed on a purchase. However, according to the rules of an OTC market, we must inform the company about the deal. The ROFR process takes 60 days: if during this time a company doesn’t exercise its right, United Traders will receive the right to purchase these stocks.","We post some investment ideas (often with a higher entry threshold)":"We post some investment ideas (often with a higher entry threshold) before ROFR ends. In this way we can collect preliminary subscriptions and perform them faster when the procedure is over. But in this event an investor takes risks: if within 60 days a company buys its stocks, his or her application will get rejected.","Bankruptcy":"Bankruptcy","Bankruptcy Advice":"Company’s stock may depreciate.","Early investors know that only a few companies will return their money":"Early investors know that only a few companies will return their money — the rest of the startups will go bankrupt. At the early stages, the bankruptcy risk is higher, at the pre-IPO stage — lower, but risk is always present. Sometimes a company is left with assets an investor can claim, but he or she is likely to get nothing. On our part, we guarantee that if negative news emerges and there is a chance to sell stocks, we will absolutely do it for all investors.","Unfavorable terms of M&A deal":"Unfavorable terms of M&A deal","Unfavorable terms of M&A deal Advice":"In the event of the acquisition of a failed business, investors of different rounds will receive different returns on their invested capital.","A company featured on United Traders as an investment idea":"A company featured on United Traders as an investment idea may be acquired by a larger company (merger or acquisition, M&A). In this event the exit conditions depend on the terms of an M&A deal and the funding round an investor joined.","The terms of a deal — the price at which a company is acquired":"The terms of a deal — the price at which a company is acquired. An “advantageous” merger occurs when a company is purchased with a premium — an investor profits by taking advantage of a price difference. A “disadvantageous” merger describes an acquisition of a plunging business, in a situation close to bankruptcy.","The terms of a round depend on the stage at which an investor joined":"The terms of a round depend on the stage at which an investor joined a deal. As a rule, at later rounds investors have more rights, that’s why we prefer to work with companies’ stocks at late stages.","How we assess risks":"How we assess risks","We analyze every company and mention the risk level on the investment idea page":"We analyze every company and mention the risk level on the investment idea page. The majority of investments in companies at the pre-IPO stage have a medium or high risk:","Medium risk":"Medium risk 10%-30%.","Medium-risk investment may shed 10-30%":"Medium-risk investment may shed 10-30% — this number falls within the normal range.","High risk":"High risk >30%.","We consider investment in a company to be high-risk":"We consider investment in a company to be high-risk if its technology isn’t yet approved or it comes with extra risks."},"offerPage":{"License agreement":"User Agreement","Version {{version}} from":"Version {{version}} from"},"mainPage":{"Our Awards":"Our Awards","Best Hedge Fund 2015":"Best Hedge Fund 2015","Best Hedge Fund 2015 details":"Kvadrat Black fund provided the best risk/return relationship (sharp ratio equal to 2.0) and is the winner of the Best Risk-Adjusted Return Award and the Best Equity Fund Award for investments in global companies.","Best Private Investor 2011 2012":"Best Private Investor 2011, 2012","Best Private Investor 2011 2012 details":"Our emulator increased its starter portfolio from 154 000₽ to 12 000 000₽ over 2 months (8,000%). In the following year the return amounted to 5288%.","Best Young Entrepreneur 2010":"Best Young Entrepreneur 2010","Best Young Entrepreneur 2010 details":"Recognized by the Russian Young Entrepreneurs Association. The annual award was given to Roman Vishnevskiy.","Global Finance Award 2012":"Global Finance Award 2012","Global Finance Award 2012 details":"The most prestigious standard of excellence for the global financial community. The judging panel recognized us as the best company in the category of “Best education system on stock market”.","Entrepreneur of the Year for 2012":"Entrepreneur of the Year for 2012","Entrepreneur of the Year for 2012 details":"The UT’s managing partner Roman Vishnevskiy became the recipient of the award.","Download":"Скачать PDF...","Our books about finance":"Наши книги о финансах","How to invest in IPO Investor Guide":"Как инвестировать в IPO. Настольная книга инвестора","What OTC means and how to make money in it":"Что такое рынок OTC и как на нем заработать","Psychology of trading the experienced trader’s lifehacks":"Психология торговли: советы опытного трейдера","Day trading intraday trading":"Дейтрейдинг: внутридневная торговля","Scalping practical guide":"Скальпинг: практическое руководство","Select an idea Experts have found the best ones":"Select an idea. Experts <1 /> have found the best ones","Try it out with $10":"Try it out <1 /> with $10","Build a portfolio from shares":"Build a portfolio <1 /> from shares","Make a profit of 20-80% per year":"Make a profit <1 /> of 20-80% per year","Start investing":"Start investing","One-step-ahead investments":"One-step-ahead investments","Our investment ideas":"Our investment ideas","IPO":"IPO","All results":"All results","More about IPO":"More about IPO","The chart shows how your portfolio grows if you invest in every IPO we offer":"The chart shows how your portfolio grows if you invest in every IPO we offer.","IPO means initial public offering When a company goes public":"IPO means initial public offering. When a company goes public, the demand for its shares and price go up, and investors can profit from this growth.","We offer you to buy shares a few days before IPO and sell them three months later":"We offer you to buy shares a few days before IPO and sell them three months later.","Pre-IPO":"Pre-IPO","More about pre-IPO":"More about pre-IPO","The chart shows the value growth":"The chart shows the value growth:","40 private companies in UTs portfolio":"40 private companies in UT's portfolio","500 largest publicly traded US companies":"500 largest publicly traded U.S. companies","Overall, young private companies grow at a faster pace than major publicly traded ones":"Overall, young private companies grow at a faster pace than major publicly traded ones.","Pre-IPO is a growing secondary market We offer shares of companies before they are actually publicly":"Pre-IPO is a growing secondary market. We offer shares of companies before they are actually publicly traded in exchanges, but plan to go public soon. Investment horizon is 1-2 years.","SPAC":"SPAC","SPACs are not operating companies Their main goal is to transition a company from a private company":"SPACs are not operating companies. Their main goal is to transition a company from a private company to a publicly traded company through a merger or acquisition, rather than a traditional IPO. The average investment period is six months.","Stocks and ETF":"Stocks and ETF","Traditional instruments on the public market Better-suited for advanced investors seeking":"Traditional instruments on the public market. Better-suited for advanced investors seeking to balance their portfolio. You can select from more than 1,000 securities to invest.","Sign up":"Sign up","Log in":"Log in","on {{channel}}":"on {{channel}}","{count} years_one":"{{count}} year","{count} years_few":"{{count}} years","{count} years_many":"{{count}} years","{count} years_other":"{{count}} years","{count} years":"{{count}} years","{count} years_plural":"{{count}} years","on market":"on market","Roman Vishnevskiy":"Roman Vishnevskiy","Сo-founder":"Сo-founder","Business Development":"Business Development","Сo-founder, Business Development":"Сo-founder, Business Development","Higher School of Economics, finance and financial markets":"Higher School of Economics, finance and financial markets","In 2009 founded United Traders along with Dmitry Belousov and Anatoly Radchenko":"In 2009 founded United Traders along with Dmitry Belousov and Anatoly Radchenko","Spearheads new business directions":"Spearheads new business directions","Anatoly Radchenko":"Anatoly Radchenko","Co-founder":"Co-founder","Saint Petersburg ITMO University":"Saint Petersburg ITMO University","Traded in proprietary trading firm Dimension Trading Group":"Traded in proprietary trading firm Dimension Trading Group","In 2009 founded United Traders along with Dmitry Belousov and Roman Vishnevskiy":"In 2009 founded United Traders along with Dmitry Belousov and Roman Vishnevskiy","YouTube":"YouTube","Dmitry Belousov":"Dmitry Belousov","Сo-founder, CEO":"Сo-founder, CEO","Bauman Moscow State Technical University, majored in rocket science and engineering":"Bauman Moscow State Technical University, majored in rocket science and engineering","Traded in a proprietary trading firm Swift Trade":"Traded in a proprietary trading firm Swift Trade","In 2009 founded United Traders along with Roman Vishnevskiy and Anatoly Radchenko":"In 2009 founded United Traders along with Roman Vishnevskiy and Anatoly Radchenko","CEO — Chief Executive Officer":"CEO — Chief Executive Officer","Alik Kurdyukov":"Alik Kurdyukov","Chief Technical Officer":"Chief Technical Officer","Lomonosov Moscow State University, majored in mechanics and mathematics":"Lomonosov Moscow State University, majored in mechanics and mathematics","Launched one of the first online stores in Russia":"Launched one of the first online stores in Russia","Launched the system of Aeroflot tickets issue and payment":"Launched the system of Aeroflot tickets issue and payment","Created several online payment getaways for major Russian banks":"Created several online payment getaways for major Russian banks","In 2008, organized the first Scrum team":"In 2008, organized the first Scrum team","In 2011, joined the founders of United Traders":"In 2011, joined the founders of United Traders","Heads the development team at United Traders":"Heads the development team at United Traders","Georgy Yuriev":"Georgy Yuriev","Head of Investments":"Head of Investments","Alexandra Filippova":"Alexandra Filippova","Head of content":"Head of content","Alexey Markov":"Alexey Markov","PR director, trader":"PR director, trader","Anton Klevtsov":"Anton Klevtsov","Trader, author of training programs":"Trader, author of training programs","100+ employees in our team":"100+ employees in our team","Our team":"Our team ","Our team is made up of skilled professional traders that got together":"Our team is made up of highly skilled professional traders that got together in 2009 to found an investment company United Traders. Our employees work all over the world from California to Komsomolsk-on-Amur."},"infoMetaTitle":{"default":"United Traders — investment company","contacts":"Contact Information | United Traders","main":"United Traders — investment company"},"infoMetaDescription":{"default":"Platform for investing in IPO, pre-IPO and international stocks listed on a stock exchange. Here you can create your own investment portfolio.","contacts":"Investment and Finance Company Address st. Dubininskaya 53 Building 5","main":"Platform for investing in IPO, pre-IPO and international stocks listed on a stock exchange. Here you can create your own investment portfolio."},"contacts":{"Office 203, Kvartal City Business Center, bldg 5, 53 st Dubininskaya, Moscow, Russia":"Office 203, Kvartal City Business Center, bldg. 5, 53 st. Dubininskaya, Moscow, Russia","Moscow":"Moscow","IK United Traders Ltd":"United Traders","Contact via Telegram":"Contact via Telegram","Contact via WhatsApp":"Contact via WhatsApp","Office 203, Kvartal City Business Center, Bld 5, 53 Ul Dubininskaya":"Office 203, Kvartal City Business Center, Bld. 5, 53 Ul. Dubininskaya","We answer any questions you may have about investments":"We answer any questions you may have about investments","Website chat":"Website chat","Telegram":"Telegram","WhatsApp":"WhatsApp","Email":"Email","Contacts":"Contacts"},"feedMeta":{"Investment news":"Investment news: IPO, pre-IPO, OTC","Investment news description":"Investment news: IPO, pre-IPO, OTC","United Traders Feed":"United Traders Feed","United Traders Feed title":"United Traders Feed","keywords":"investments, ipo, pre-ipo, otc"},"feedMain":{"feed":"Feed","read more":"Read more"},"account":{"Deposit account":"Deposit account","Exchange currency":"Exchange currency","Transfer between accounts":"Transfer between accounts","Withdraw":"Withdraw","Deposit":"Deposit","Exchange":"Exchange","Transfer":"Transfer","Transfers have been moved":"Transfers have been moved","We moved Aurora-NYSE account transfers":"We moved Aurora-NYSE account transfers: <1>deposits</1>, <4>withdrawals</4>.","OK":"OK","Login to see your account":"Log in or sign up to see your account","Log in":"Log In","Sign up":"Sign Up","USD_accountName":"Dollar account","RUB_accountName":"Rouble account","UTT_accountName":"Tokens","This section shows your main account":"This section shows your main account","Accounts":"Accounts","UsEquities_accountName":"Aurora—NYSE","Utex_accountName":"Aurora—UTEX","This section shows your trading account":"This section shows your trading account"},"calendar":{"Today":"Today","Last 7 days":"Last 7 days","Last 30 days":"Last 30 days","Month-to-date":"This month","Last month":"Previous month","All time":"All time","Custom period":"Custom period"},"exception":{"Illegal action for withdraw request in state {state}":"Something went wrong. Please, refresh the page","common-error":"Something went wrong"},"operation":{"Cancel withdraw":"Cancel withdrawal","Cancel investment":"Cancel investment","Deposit":"Deposit","Details":"Details","Withdraw":"Withdraw","USD_plural":"dollars","RUB_plural":"roubles","EUR_plural":"euro","UTT_plural":"UTT","Currency exchange":"Currency exchange","to":"to","Correction":"Correction","Finish investment":"Finish investment","Reward":"Reward","From partnership program":"From partnership program","Purchase":"Purchase","Return unused":"Return unused","Revert":"Revert","Start investment":"Start investment","UTEX":"UTEX—Spot","UsEquities":"Aurora—NYSE","Transfer from Aurora":"Transfer from Aurora","From account":"From account","Transfer from UTEX":"Transfer from UTEX—Spot","Utex":"UTEX—Spot","Transfer to Aurora":"Transfer to Aurora","To account":"To account","Transfer to UTEX":"Transfer to UTEX—Spot","CANCELED_brief":"Canceled","PROCESSED_brief":"Processed","PUBLISHED_brief":"Published","REJECTED_brief":"Rejected","Withdrawn":"Withdrawn","Money returned":"Money returned","Application submitted":"Application submitted","Requested":"Requested","ANTI_FRAUD_REVIEWING_title":"The application is considered","CANCELED_title":"The application is canceled by you","CREATED_title":"The application is considered","PROCESSED_title":"The application is processed","PROCESSING_title":"The application is considered","PUBLISHED_title":"The application is processed","REJECTED_title":"The application is rejected","RESERVED_title":"The application is considered"},"reject-reason":{"Reject reason":"Reject reason","Reject reasons":"Reject reasons","Transfers to 3d parties including relatives not allowed":"Transfers to 3d parties including relatives not allowed","Amount of withdrawal must cover bank fees":"Amount of withdrawal must cover bank fees (35 USD fixed no matter the amount of transfer)","Transfers to REVOLUT and PAYSERA unavailable":"Transfers to REVOLUT and PAYSERA unavailable due to internal policy of intermediary banks. Please use other banks.","In Ukraine the only bank that accepts our transfers is 1st Ukrainian International Bank":"In Ukraine the only bank that accepts our transfers is 1st Ukrainian International Bank. Please open an account with them and submit another withdrawal request","Format of your account number (IBAN) does not match standard of the country where it is opened":"Format of your account number (IBAN) does not match standard of the country where it is opened","SWIFT (BIC) code you have stated is not present in database of our bank or contains error":"SWIFT (BIC) code you have stated is not present in database of our bank or contains error","All the details must be stated in standard Latin alphabet only":"All the details must be stated in standard Latin alphabet only. No other foreign characters allowed","Withdrawals to other companies, are not available":"Withdrawals to other companies including brokers you have accounts with, are not available. You can withdraw funds to your personal bank account only.","Withdrawal request must contain full name and address":"Withdrawal request must contain full name of payee in Latin alphabet as well as full residential address, including street, house, apartment, locality, and country","Username does not match the recipient's name":"Username does not match the recipient's name","Address must be complete":"Address must be complete","Full name must be complete":"Full name must be complete","Bank commission is value rubles":"Bank commission is value rubles","Invalid recipient account number":"Invalid recipient account number","Incorrect BIC":"Incorrect BIC","Account currency does not match the transfer currency":"Account currency does not match the transfer currency"},"transactions":{"There are no transactions on this account":"There are no transactions on this account","Operation":"Operation","Change":"Change","Balance":"Balance","Date":"Date","Time":"Time","Change and balance":"Change and balance","Statement":"Statement"},"trading-account-transactions":{"Statement":"Statement","Charge off":"Trading charge off","Correction":"Correction","Deposit":"Deposit","From main account":"From main account","PnL":"PnL","Withdraw":"Withdraw","To main account":"To main account"},"withdrawals":{"Withdrawals":"Withdrawals","Removed one week after decision":"Removed one week after decision","Operation":"Operation","Amount":"Amount","Date":"Date","Time":"Time","Amount and date":"Amount and date","There is no active orders":"There is no active orders","Withdraw funds":"Withdraw funds","Created":"Reserved","Rejected":"Rejected","Order created":"Order created","Cancel withdraw":"Cancel withdraw","Withdrawal request rejected":"Withdrawal request rejected","Money returned":"Money returned","Order submitted":"Order submitted","Reject reason":"Reject reason"}}},"basePath":"/investments","ideas":[{"__typename":"BnHIdeaV2","id":"1280","category":"PRE_IPO","buyDisabled":false,"name":"Trax Retail","logoUrl":"https://investment-s3.unitedtraders.io/investments/Trax+Retail/Trax-Retail.svg","riskLevel":"MEDIUM","descriptionLocalized":"Computer vision technologies for retailers","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-1\" checked />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nTrax has built the most advanced computer vision platform for the retail industry. By scanning merchandise with a mobile app and cameras installed in stores, retailers can track sales performance more effectively. The machine learning system helps retailers analyze and identify when inventory is low on store shelves, optimize the allocation of products to meet customers’ preferences and predict future demand. Trax counts some of the world’s largest retailers as clients, including Best Buy and Auchan.\n <br />\n                  <br />\nMany of the world’s top companies that offer consumer packaged goods (CPGs) use Trax’s merchandising, in-store execution, shopping engagement, market measurement, analytics, and shelf monitoring solutions. Among them are Coca-Cola, P&G, Nestle, Unilever, Bayer, Shell, Sanofi and other well-known global brands.\n <br />\n                  <br />\nFounded in 2010 in Singapore, Trax dominates the market in its segment and was named one of the fastest-growing technology companies on the Deloitte Technology Fast 500 list. It owns 23 patents and hubs in major cities around the world, including Moscow.\n\n \n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Market Opportunities</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-2\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Market Opportunities\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nThe global smart retail devices market was valued at $17 billion in 2019 and is projected to reach $74.6 billion by 2027, representing a CAGR of 17%.\n<br /><br />\nIn 2020, 49% of retailers have invested in planning and demand prediction tools. This trend will only grow as retailers need to optimize costs to maintain the margins of their businesses because of the high competition among retailers and pressure from online stores.\n<br /><br />\nAs far as the consumer sector goes, the adoption of AI technologies here is less than 40% (compared to 60% in the automotive and financial industries). This shows formidable AI expansion opportunities in this sector. Investments in AI technology for the consumer segment enjoy the highest projected returns.\n<br /><br />\nIn addition, the retail market is generally highly consolidated and dominated by major players. Thus, partnerships with them are a competitive advantage for Trax and an entry barrier for new players. Trax has enough liquidity for acquisitions and strategic access to unique information.\n<br /><br />\nIn April 2021, Trax had a huge funding round, securing investments from Softbank and BlackRock. This puts the company in the \"too big to fail\" category, as investment funds of this level take an active part in the development of their portfolio companies and help them achieve high valuations.\n<br /><br />\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Company risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-3\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Company risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nThree types of Trax competitors can be identified on the market: retail consulting companies such as LatentView, retail processing tools such as IRI, and analytical platforms such as RW3 and Sisence, which issue recommendations to B2B companies. But Trax is the leader, thanks to the most developed FMCG product, as confirmed by its client base.\n<br /><br />\nThe company has opted for takeovers as one of its main growth strategies. The last acquisitions were made in February and March 2020, with a few more scheduled for 2021. If anything, this is quite a costly process, and adaptation of new companies takes a long time. This affects the free cash flow of the company, making it unlikely that break-even point will be reached soon.\n\n<br /><br />\n\n\n\n                  <br />\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Financials and Valuation</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-4\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n                Financials and Valuation\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nOver 10 investment rounds, the company has raised more than $1 billion from investors, including SoftBank, BlackRock and Sony Innovation fund, known for their investments in successful technology startups. The investment round in April 2021 valued the company at $2.4B. \n    <br /> <br />\nTrax revenue is growing steadily at a high rate due to the influx of new clients and an increase in the number of clients with a high average check. The CAGR in 2015-2019 was 80%. In 2020, the revenue increased by 50% compared to 2019, despite the negative impact of the pandemic and amounted to the north of $100M. Given the average P/S 25x for high-growth tech companies and Trax Retail’s large market size, the expected value of the company at IPO hovers around $5-7B. \n\n    \n\n                  <br />\n\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">25 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">1 share</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +150%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2021</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      </section>\n    </div>\n","listIndex":1282,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"10"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"63","currency":{"__typename":"Currency","code":"USD"}}},"startDate":null,"chartDescriptionLocalized":"Company’s value 2020-2021","promoChart":{"__typename":"BnHPromoChart","data":[{"__typename":"BnHPromoChartItem","title":"$1.3B","value":13},{"__typename":"BnHPromoChartItem","title":"$2.25B","value":23}]},"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"},{"__typename":"BnHIdeaV2","id":"1291","category":"PRE_IPO","buyDisabled":true,"name":"Delphix","logoUrl":"https://investment-s3.unitedtraders.io/investments/Delphix/Delphix.svg","riskLevel":"MEDIUM","descriptionLocalized":"Intelligent data platform","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-1\" checked />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nDelphix speeds up the transition of companies to digital technologies. Its Data Platform helps businesses accelerate the journey to the cloud, transform customer experiences and increase the adoption of disruptive AI technologies. It enables modern CI/CD workflows, their security, and confidentiality.\n<br /><br />\nJedidiah Yueh, a Harvard graduate, founded the company in 2008 in Silicon Valley. Two years earlier he sold his first tech company to Dell EMS for $165 million.\n<br /><br />\nDelphix Corp. has over 300 customers worldwide, including 24 companies on the Fortune 100 list. It has clients in completely different verticals such as Facebook, Fastweb, Vertex, Gain Capital, BECU, Allstate, Vodafone, etc.\n\n \n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Market Opportunities</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-2\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Market Opportunities\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nThe global corporate data management market is expected to reach $208.87 billion by 2028, with an average annual growth rate of 13.8% over the projected period. Key drivers of growth are the process of digitalization, accelerated by the pandemic and implementation of the Internet of Things. The company pegs its potential market at $40 billion. Some analysts estimate it at $60 billion.\n<br /><br />\nIn 2020, the demand for Delphix solutions increased significantly as many companies migrated to the cloud and Delphix Data Platform provided them with convenient and secure remote access to their data. The Delphix Consumer Loyalty Index (NPS) was 89 out of 100 during the fiscal year ending January 2021. It is a high level that shows loyalty and support of clients.\n\n<br /><br />\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Company risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-3\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Company risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nThe market for data management solutions is highly competitive. Delphix competes with both major tech giants such as Google, IBM, SAP, Oracle, Microsoft and private companies such as Rubrik, Cohesity, Denodo.\n<br /><br />\nThe main risk for these companies is cyberattacks. Enterprise data demands continue to increase, magnifying compliance and security risks. Today, companies need data for a range of digital transformation programs – data for CI/CD test environments, cloud migration trials, and AI/ML model training. In addition to the increase in data volume, the number of endpoints is growing due to the transition of many companies to a remote format of work and the development of the Internet of Things. This makes companies more vulnerable and requires vendors of data management solutions to devote special attention to the safety of data.\n\n<br /><br />\n\n\n\n                  <br />\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Financials and Valuation</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-4\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n                Financials and Valuation\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nIn February 2019, the company reported that it had reached over $100 million in annual revenue. According to the 2018 Deloitte North America Technology Fast 500, the company’s revenue increased by 318% between 2014 and 2017. In 2020, thanks to a sharp increase in demand, Delphix’s revenue increased by more than 85%. In February 2021 the company reported that it had achieved profitability. We estimate Delphix’s revenue in 2021 to be $200 million.\n<br /><br />\nIn terms of product, it can be compared to Snowflake, Splunk, Rubrik and Cohesity. Delphix's CFO has a long history of IPO divestment: he was the CFO of ArcSight Inc., leading their successful IPO in 2008, and ultimate sale to HP for $1.75 billion in 2010.\n<br /><br />\nDelphix has raised about $120 million from 11 investors, including Greylock Partners (invested in Facebook, Dropbox, Okta), Battery Ventures (invested in Sprinklr, Fastly, JFrog), Icon Ventures (invested in FireEye, Teladoc Health, Coupa Software), and others. After a Series D investment round in July 2015, the company was valued at $1 billion. Delphix raised additional funding within this round in October 2021. \n   \n                  <br />\n\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">23 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">$10</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +120%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2023</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </section>\n</div>","listIndex":1274,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"10"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"6.58","currency":{"__typename":"Currency","code":"USD"}}},"startDate":null,"chartDescriptionLocalized":"Projected revenue in 2020-2021","promoChart":{"__typename":"BnHPromoChart","data":[{"__typename":"BnHPromoChartItem","title":"$150M","value":150},{"__typename":"BnHPromoChartItem","title":"$200M","value":200}]},"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"},{"__typename":"BnHIdeaV2","id":"1285","category":"PRE_IPO","buyDisabled":false,"name":"Outreach","logoUrl":"https://investment-s3.unitedtraders.io/investments/outreach/Outreach.svg","riskLevel":"MEDIUM","descriptionLocalized":"Sales engagement platform","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-1\" checked />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nOutreach enables companies to dramatically increase revenue by helping sales reps and leaders increase their productivity. The company uses AI and the world's largest customer interactions database. Outreach automates contacts by email, voice, and social media.\n<br /><br />\nUnlike traditional CRM systems, Outreach is more than just a customer database – the platform allows you to translate data into marketing strategies. It helps a sales team take the right targeted actions that bring a customer to a purchase.\n<br /><br />\nAccording to Forrester’s study, Outreach pushed sales productivity up by 11%. Moreover, the company delivers a 5x return on investment, and businesses break even on cost in less than 3 months.\n<br /><br />\nOutreach is the world’s top sales engagement platform with the largest customer base and industry-leading usage. More than 4,800 companies such as Adobe, Tableau, Splunk, DocuSign, and SAP depend on Outreach's products. Outreach is the only sales engagement and intelligence platform to make the Forbes Cloud 100 three times in a row, and also be the 58th fastest-growing vendor in the category on the Deloitte Technology Fast 500.\n<br /><br />\nOver the past year, Outreach has increased to more than 800 employees worldwide, and added two new global offices in London and Prague to its U.S. locations in Seattle and San Francisco.\n\n \n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Market Opportunities</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-2\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Market Opportunities\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nThe CRM market size was valued at $42 billion in 2019 and is projected to reach $96 billion by 2027, growing at a CAGR of 11% from 2020 to 2027.\n<br /><br />\nAt the same time, the segment of the sales engagement software in which Outreach operates is considered to be one of the most dynamic and fast-growing in sales technology. In 2017, it was valued at $1.6 billion and is projected to reach nearly $6 billion by 2023. 92% of sales development organizations rank sales engagement platforms as critical to their team’s success.\n<br /><br />\nOutreach’s important advantage has to do with many tech integrations with traditional CRM systems such as Salesforce, Microsoft Dynamics, SugarCRM, and with email services, various analytics systems, voice services, etc. This allows companies to adapt Outreach for operations with ease, without changing their customary services.\n<br /><br />\nOutreach evolves and releases new products. In 2020, at the Annual Outreach Unleash event, the company announced three innovative solutions:\n<br /><br />\nKaia – a real-time conversation intelligence tool. This is the most innovative technology in the sales optimization software market; \n<br /><br />\nOutreach Insights – a new AI reporting suite featuring a breakthrough technology that analyzes buyer emotive signals and sentiment;\n<br /><br />\nOutreach Success Plan – a system that allows buyers and sellers to collaborate, creating more transparency around the status of a deal which improves forecasting for sales leaders and teams.\n<br /><br />\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Company risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-3\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Company risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nThe CRM market is highly competitive. Both major players and new companies are seeking to diversify their offer beyond the usual functionality, such as the storage of customer information. \n<br /><br />\nTraditional players such as Salesforce, Zendesk, ZohoCRM offer more and more tools for marketing campaign analytics, email automation, etc. At the same time, they have more resources for development than smaller players. \n<br /><br />\nOutreach and its competitors (Salesloft, Groove, Gong) are still in the early stages of development. Despite the recognition of the software as the key to the efficient functioning of the sales department, the market is still small.\n\n\n<br /><br />\n\n\n\n                  <br />\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Financials and Valuation</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-4\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n                Financials and Valuation\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nOutreach was founded in 2014. The company raised almost $500 million in 10 investment rounds. A series G round took place in May 2021. The stock was valued at $29.27 and the company's total valuation was raised to $4.4 billion, three times more than in Series F, the previous round a year ago. The company's stock is currently valued at $33.68 in the secondary market, approximating a valuation of $5 billion.\n<br /><br />\nSalesforce Ventures, Steadfast Capital Ventures, Sequoia Capital, Tiger Global Management, Lone Pine Capital, Sands Capital, Mayfield Fund, DFJ Growth, Trinity Ventures, and others have invested in the company.\n<br /><br />\nAccording to Outreach CEO Manny Medina, its business is now revving up, especially as the pandemic shifted more sales processes to digital formats. Its annual recurring revenue hit $100 million in the fall of 2020. Moreover, the company's ARR grew by more than 100% year-over-year in Q1 2021.\n<br /><br />\nOutreach didn’t specify timing for an initial public offering but said one could be in its future as an important event in the company’s cycle. A similar public company ZoomInfo that became public in the fall of 2020 trades with the P/S 42x multiplier.\n<br /><br />\nWe expect the annual revenue of the company to be 250-300 million when it goes public in 2022-2023. Thus, the value of Outreach will hit about $10-12 billion.\n\n   \n                  <br />\n\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">2 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">1 share</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +120%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2022</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </section>\n</div>","listIndex":1258,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"10"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"3.32","currency":{"__typename":"Currency","code":"USD"}}},"startDate":null,"chartDescriptionLocalized":"Company’s value in 2020-2021","promoChart":{"__typename":"BnHPromoChart","data":[{"__typename":"BnHPromoChartItem","title":"$1.34B","value":134},{"__typename":"BnHPromoChartItem","title":"$4.44B","value":444}]},"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"},{"__typename":"BnHIdeaV2","id":"1282","category":"PRE_IPO","buyDisabled":false,"name":"MasterClass","logoUrl":"https://investment-s3.unitedtraders.io/investments/Masterclass/Masterclass.svg","riskLevel":"MEDIUM","descriptionLocalized":"Celebrity-taught online courses","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-1\" checked />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nMasterClass is a streaming platform with training courses from world-famous experts, athletes, and celebrities. The company was founded by Aaron Rasmussen, a Boston University graduate, and David Roget, a Stanford Business School graduate.\n<br /><br />\nThe project was founded with the motto \"Everyone should have access to genius.\" That's how in 2015 the MasterClass platform appeared, where you can take cooking classes with Gordon Ramsay, make movies with Martin Scorsese, play tennis with Serena Williams and master anything the most famous professionals in their field can teach.\n<br /><br />\nThere are more than 100 courses available on the platform, and each month this number is growing. David Roger, the company's CEO, admits that he would also like to invite J. K. Rowling, Elon Musk, Barack and Michelle Obama.\n<br /><br />\nThe learning process is organized in the form of Hollywood-quality video lessons, after which a user can do the homework and share the results with other students. The service works on a subscription that costs $180 per year.\n<br /><br />\nThe company's business model is a two-sided platform that links its users and celebrities. The former get an opportunity to get closer to their role models, get access to exclusive content, motivation and knowledge. The latter – the opportunity to share accumulated knowledge and experience and make money out of it. The platform is beneficial for both sides, which creates positive network externalities and accelerates the platform’s growth.\n \n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Market Opportunities</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-2\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Market Opportunities\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nThe global e-learning market size is projected to grow $370 billion by 2026, from $226 Billion in 2020, at a CAGR of 8.5% during 2021-2026. The pandemic has contributed to the market expansion by increasing interest from both students and investors.\n<br /><br />\nUnlike courses on traditional e-learning platforms, MasterClass content is aimed at a wide audience – it is both informative and entertaining. The company's activities go beyond the educational sphere and cover the vast online entertainment market, which is projected to reach $652.5 billion by 2027 with the annual growth of more than 20%. \n<br /><br />\nIn spring 2021, MasterClass held another successful investment round. The company plans to invest the accumulated funds in its global expansion – so far, the platform only has classes in English, but almost a third of MasterClass students live outside the United States. Over the next year, it plans to offer classes in Spanish, French and German.\n <br /><br />\nIt is also planned to allocate a separate direction for work in the B2B segment. According to the management, companies are interested in working with MasterClass – they can provide their employees with access to the platform as a bonus and use it as a training tool. This will open up new opportunities for MasterClass: according to forecasts, the corporate online learning market will grow by 11% annually and will exceed $37 billion by 2026.\n\n<br /><br />\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Company risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-3\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Company risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nMasterClass competes with many players in the market. On the one hand, these are online training platforms the likes of Coursera, Udemy, Udacity. On the other hand, the company also competes with various media content producers, including such streaming platforms as Netflix, Disney Plus, HBO max, Spotify’s music platform, the audiobook and podcast service Storytel, etc. \n\n<br /><br />\nLike Netflix and other streaming platforms, MasterClass constantly invests in the production of video content. This makes the business less profitable than traditional online learning platforms and slows the company’s break-even.\n<br /><br />\nMasterClass’s success depends heavily on its ability to attract celebrities and experts, and problems in finding them can lead to lower revenues and the loss of clients.\n\n\n                  <br />\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Financials and Valuation</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-4\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n                Financials and Valuation\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nOver 8 investment rounds, MasterClass has raised a total of $461.4 million in funding from 35 investors, including Fidelity Management (invested in Alibaba), UTA Ventures (invested in Lyft and Radish), Baillie Gifford (NIO investor) and others.\n   <br />   <br />\nIn May 2021, as part of a series F round, MasterClass raised $225 million at a valuation of $2.75 billion. According to our forecasts, MasterClass's estimated value on the public market will be $6-8 billion.\n   <br />   <br />\nThe main drivers for the company's growth are international expansion, opening of the new business segment that targets the B2B market and realization of new courses on the platform. The presence of stars on the platform will help MasterClass promote its public placement.\n\n   \n                  <br />\n\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">25 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">1 share</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +150%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2021</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </section>\n</div>","listIndex":975,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"10"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"5.26","currency":{"__typename":"Currency","code":"USD"}}},"startDate":null,"chartDescriptionLocalized":"Estimated revenue in 2020-2021","promoChart":{"__typename":"BnHPromoChart","data":[{"__typename":"BnHPromoChartItem","title":"$250M","value":250},{"__typename":"BnHPromoChartItem","title":"$400M","value":400}]},"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"},{"__typename":"BnHIdeaV2","id":"279","category":"OTC","buyDisabled":false,"name":"H2O.ai","logoUrl":"https://investment-s3.unitedtraders.io/investments/h2o/h2o_logo.svg","riskLevel":"MEDIUM","descriptionLocalized":"Leading open source machine learning platform","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-1\" checked />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n                  H2O.ai puts efforts in making artificial intelligence accessible to everyone. The company has launched a machine learning platform, which helps organizations to create AI for their target tasks – such as, for example, applications development and data analysis. That's an easier and a cheaper alternative to outsourcing third-party AI and data science specialists.<br />\n                  <br />\n                 H2O.ai's advantage over conventional software vendors is that the company offers an open source platform. This provides a client with greater freedom and opportunities to customize the final product for their private needs. H2O.ai offers solutions across different industries: insurance, healthcare, telecommunications, marketing, financial services, retail and manufacturing.\n                 <br /><br />\nThe company was founded in 2012 in Silicon Valley. H2O.ai was proclaimed the global visionary by Gartner 2021 Magic Quadrant (list of top companies in its segment) for Data Science and Machine Learning platforms, as well as in the category of Cloud AI Developer Services.\n<br /><br />\nCompany is the trusted AI partner to more than 20,000 global organizations, millions of data scientists and over half of the Fortune 500. The company cooperates with almost all companies in the Gartner Magic Quadrant. For example, it works with Cisco, Intel, PwC, PayPal, AT&T, Citi, Procter & Gamble.\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Market</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-2\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Market\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\n                The global machine learning market size stood at $11 billion in 2020 and is projected to reach $152 billion in 2028 with expected CAGR of 38.6% during the forecast period.\n<br /><br />\nDuring the pandemic, companies faced many difficulties, including labor shortage and supply-chain disruptions. They are increasingly turning to AI technologies to improve their work efficiency. According to Algorithmia research in 2021, 50% of companies plan to increase their spending on machine learning and AI, 20% said their budgets are to be increased \"significantly\".\n<br /><br /> \nOne of the main problems for businesses while implementing AI is the processing and preparation of data for training algorithms. Data scientists spend the bulk of their time cleaning and organizing data. That’s one of the reasons that managed and automated AI development platforms like H2O have gained ground in recent years. The global AutoML market generated $270 million in revenue in 2019.\n<br /><br />\nThe company's CEO Sri Ambati explained how H2O.ai clients use AI to save money. Due to audit automation, one of the top five audit companies managed to save $400 million. National chains, including Walmart and Walgreens, use H2O.ai to monitor changes in customer behavior due to the pandemic. H2O.ai helped bank customers to avoid many billion dollar penalties, providing protection from fraud. Investment funds use AI to predict stock prices.\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-3\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n                  High level of competition. There are many other of AI platforms offered by other companies. Competitors include both major companies such as Amazon SageMaker, Azure Cognitive Services and Google Cloud AutoML, as well as startups such as DataRobot, Abacus.ai.<br />\n                  <br />\n                  Overestimation of the market. Machine learning platforms are a relatively young industry. There is a risk that analysts and venture investors overestimate its growth potential.\n<br /><br />\nAsymmetric information. Management and current investors have access to more internal information about the company than other market participants. H2O.ai has not published its financial and operational reports in open sources. So it's impossible to estimate the company's revenue dynamics and the profitability trends.\n<br /><br />\nLow liquidity – there is a possibility that early exit from this investment will take more than 1 month.\n\n                  <br />\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Similar companies and Valuation</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-4\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n                Similar companies and Valuation\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\n                 In November 2021 H2O.ai closed a Series E investment round, which was led by H2O.ai strategic sponsor and client Commonwealth Bank of Australia (CBA). The company has raised $100 million to fuel its growth. As a result, H2O.ai was valued at $1.7 billion, which corresponds to a $28.63 price per share and it is 4 times more since the last valuation at $400 million in 2019. The previous round was also led by a strategic backer Goldman Sachs.\n<br /><br />\nAccording to Crunchbase information, in November 2021 H2O.ai raised $100 million.   Apart from its strategic partners, including NVIDIA and Wells Fargo, the company received investment from Barclays Investment Bank, Nexus Venture Partners and others.\n\n\n                  <br />\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">25 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">1 share</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +150%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2021</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n  </section>\n</div>\n","listIndex":776,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"10"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"3.14","currency":{"__typename":"Currency","code":"USD"}}},"startDate":null,"chartDescriptionLocalized":"Funding rounds for 2013-2019","promoChart":{"__typename":"BnHPromoChart","data":[{"__typename":"BnHPromoChartItem","title":"$5 mln","value":5},{"__typename":"BnHPromoChartItem","title":"$9 mln","value":9},{"__typename":"BnHPromoChartItem","title":"$20 mln","value":20},{"__typename":"BnHPromoChartItem","title":"$40mln","value":40},{"__typename":"BnHPromoChartItem","title":"$72.5 mln","value":72.5}]},"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"},{"__typename":"BnHIdeaV2","id":"194","category":"PRE_IPO","buyDisabled":false,"name":"ThoughtSpot","logoUrl":"https://investment-s3.unitedtraders.io/investments/ThoughtSpot/thoughtspot-logo.svg","riskLevel":"MEDIUM","descriptionLocalized":"Business intelligence software","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input\n                  class=\"invest-landing-dropdown__input\"\n                  type=\"checkbox\"\n                  name=\"panel\"\n                  id=\"panel-1\"\n                  checked\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n                ThoughtSpot is a business intelligence and big data analytics platform that helps you explore, analyze, and share real-time business analytics data. ThoughtSpot connects with any on-premise, cloud, big data, or desktop data source. To quickly get results, users only need to enter a query, just as in Google. The platform requires no in-depth technical knowledge: visualization allows for easier analysis and quick report creation.<br />\n                  <br />\n                For the fourth year in a row ThoughtSpot was included in the Forbes 2021 Cloud 100. Gartner included ThoughtSpot in the leaders’ quadrant for Analytics and BI platforms for the years 2019 and 2020, and a Visionary in 2021. The company was also named a winner of the 2021 SaaS Awards Program in the category Best SaaS Product for Business Intelligence or Analytics. \n<br /><br />\nThoughtSpot was co-founded in 2012 by its CEO Ajeet Singh and six other technical co-founders from Google, Microsoft, Amazon, and Oracle. It is based in Palo Alto, CA and has 14 offices around the world. As of November 2021 the company employs about 580 employees, and among its customers there are Walmart, BT, Hulu, Daimler, 7-Eleven, PetCo and Rolls Royce.\n<br />\n<br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Market Opportunities</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input\n                  class=\"invest-landing-dropdown__input\"\n                  type=\"checkbox\"\n                  name=\"panel\"\n                  id=\"panel-2\"\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Team\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n                The global big data & business analytics market size was valued at $198 billion in 2020 and is projected to reach $684 billion by 2030, growing at a CAGR of 13.5% from 2021 to 2030. This market attracts a lot of attention from both private and public investors: Databricks raised $1.6 billion in August 2021, while Snowflake broke records with its IPO in September 2020. In addition, in June 2019 Tableau was purchased by Salesforce for $15.7 billion.\n<br /><br />\nIn January 2020 ThoughtSpot hired its first CFO. Mohit Daswani, formerly the head of finance and strategy at payments company Square Inc., will help manage growth, prepare the company's IT systems and standardize workflows before the IPO. \n<br /><br />\nIn 2020 the company closed nearly 20 seven-figure deals, including one of the largest deals ever completed in analytics. ThoughtSpot’s diverse customer portfolio now includes at least one of the top five global companies by revenue in the retail, financial services, telecommunications, technology, and oil and gas industries.\n\n<br />\n                  <br /><br />\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input\n                  class=\"invest-landing-dropdown__input\"\n                  type=\"checkbox\"\n                  name=\"panel\"\n                  id=\"panel-3\"\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n              High competition. There are companies that develop and offer similar software; the current market leaders include Microsoft, Tableau, Qlik, Sisense, Looker. \n<br /><br />\nIndependent vendors like ThoughtSpot might struggle to maintain their valuations if they can't differentiate themselves from tech giants such as AWS, Google and Microsoft that all offer their own BI products.\n\n<br />\n                 \n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Financials</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input\n                  class=\"invest-landing-dropdown__input\"\n                  type=\"checkbox\"\n                  name=\"panel\"\n                  id=\"panel-4\"\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n               Financials\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n \n\n\n               ThoughtSpot reported 108% revenue growth for the fiscal year ending January 31, 2020. The company’s annualized bookings run-rate surpassed $100 million and the traction with large enterprises skyrocketed in the fiscal year 2020, with the average expansion deal in excess of $700,000.\n<br />\n                  <br />\nIn November 2021 ThoughtSpot raised $100 million in venture capital Series F funding round, bringing its total valuation to $4.2 billion. Most recently, the company raised $248 million in August 2019, which at the time brought its valuation to $1.95 billion.<br />\n                  <br />In total over 6 funding rounds ThoughtSpot has raised $674 million from Capital One Ventures, Fidelity, General Catalyst, GIC, Khosla Ventures, Lightspeed Ventures, Sapphire Ventures, Snowflake Ventures and others.\n                  <br />\n                  <br />\n                  \n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">25 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">1 share</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +150%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2021</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      </section>\n    </div>\n","listIndex":651,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"10"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"11.01","currency":{"__typename":"Currency","code":"USD"}}},"startDate":"2021-01-01T00:00:00+03:00","chartDescriptionLocalized":"Price per share in 2017-2019","promoChart":{"__typename":"BnHPromoChart","data":[{"__typename":"BnHPromoChartItem","title":"$5.76","value":5.76},{"__typename":"BnHPromoChartItem","title":"$9.69","value":9.69},{"__typename":"BnHPromoChartItem","title":"$13.83","value":13.83}]},"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"},{"__typename":"BnHIdeaV2","id":"324","category":"PRE_IPO","buyDisabled":false,"name":"Cohesity","logoUrl":"https://investment-s3.unitedtraders.io/investments/cohesity/cohesity.svg","riskLevel":"MEDIUM","descriptionLocalized":"Hyperconverted data platform","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-1\" checked />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n               Cohesity Data Platform empowers companies to manage and store major data arrays, thus facilitating the data processing, increasing their security level and allowing companies to quickly find necessary files.\n\n<br /> <br />\nThe company's customers include four of the Fortune top 10 as well as three of the top ten US banks and three of the top five US health insurers.\n<br /> <br />\n                Cohesity was named a Leader in the 2021 Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions report for the second consecutive year and was recognized as one of prestigious 2021 Forbes Cloud 100 companies for three straight years.\n\n                  <br /><br />\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Growth opportunities</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-2\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Growth opportunities\n\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\n\n                The global enterprise data management market size is expected to reach $208.87 billion by 2028, registering a CAGR of 13.8%. The outbreak of COVID-19 pandemic has triggered an estimated increase in the data management software demand due to the massive shift to working from home. \n\n\n\n                  <br /><br />\n\n                  Cohesity saw a 40% increase YoY (July 31, 2021 over July 31, 2020) in the number of customers doing business with the company, with rapid adoption in the Americas, EMEA, and Asia Pacific regions. Cohesity customer count is now approximately 2,600. Nearly 25% of the Fortune 500 does business with Cohesity, an increase of more than 35% compared to the previous year.\n\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-3\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n                Cohesity faces strong competition in the data management industry from a number of firms, including its closest rival Rubrik. This may negatively affect its long-term viability and valuation.\n\n                  <br />\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Financials and Valuation</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-4\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n                Financials and Valuation\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n               In 2021 Cohesity’s annual revenue run rate surpassed $300 million. The company also achieved more than a 70% increase YoY in annual recurring revenue (ARR).\n\n                  <br /> <br />\n        Cohesity’s net expansion rate continues to exceed 130% as of 31 July 2021, a benchmark for leading subscription/SaaS companies. This means that ARR from Cohesity’s existing customers grew by more than 30% over the year.\n<br /> <br />\nThe company has raised a total of $660 million in funding over 5 rounds. The latest funding was raised in April 2020 from a Series E round at a $2.5 billion valuation. Cohesity is funded by 25 investors, including Sequoia Capital, Baillie Gifford, SoftBank Vision Fund, Hewlett Packard Enterprise, Cisco, Accel, GV.\n\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">25 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">1 share</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +150%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2021</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n  </section>\n</div>\n","listIndex":647,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"10"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"15.11","currency":{"__typename":"Currency","code":"USD"}}},"startDate":"2021-01-01T00:00:00+03:00","chartDescriptionLocalized":"Valuation in 2015-2018","promoChart":{"__typename":"BnHPromoChart","data":[{"__typename":"BnHPromoChartItem","title":"$380 mln","value":380},{"__typename":"BnHPromoChartItem","title":"$590 mln","value":590},{"__typename":"BnHPromoChartItem","title":"$1100 mln","value":1100}]},"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"},{"__typename":"BnHIdeaV2","id":"360","category":"OTC","buyDisabled":false,"name":"Motive","logoUrl":"https://investment-s3.unitedtraders.io/investments/motive/logo.svg","riskLevel":"MEDIUM","descriptionLocalized":"Fleet management platform","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-1\" checked />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n                Motive (formerly KeepTruckin) was founded in 2013 to serve the trucking industry. But today the company provides hardware and software to industries ranging from construction, oil and gas to distribution, moving and storage. Motive serves over 120,000 businesses and more than one million drivers and employs 2,400 people worldwide.\n                  <br /><br />\nThe company provides cutting-edge technology leveraging the latest advances in artificial intelligence and computer vision for vehicle-related businesses – spanning video-based driver safety, Electronic Logging Device (ELD) compliance, GPS tracking, dispatching, and fuel and maintenance.\n                  <br /><br />\n              \n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Market Opportunities</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-2\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Market Opportunities\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nAccording to a Motive release, the global middle class has tripled in the past 20 years to more than 1.7 billion people. As incomes rise, so does consumption, and expectations for quality, reliability and speed of delivery are higher than ever. This exponential growth in demand combined with continuously rising expectations is putting unprecedented strain on the industries that power the physical economy – agriculture, manufacturing, construction, field services, trucking and logistics. \n\n                  <br /><br />\n                  The physical economy accounts for about 50% of global GDP, and yet it is largely ignored by the technology industry. To modernize the physical economy, Motive is focusing on the Internet of Things (IoT) and artificial intelligence. The global IoT market is projected to grow from $478.36 billion in 2022 to $2,465.26 billion by 2029 at a CAGR of 26.4% over the forecast period. \n<br /> <br />\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-3\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\n                  The trucking industry, which remains a major market for Motive, has suffered because of the pandemic. Freight companies experienced constant fluctuations in demand and were unable to forecast operations effectively, incurring significant losses because of it.\n                  <br /><br />\n                As the company's customer base expands, so does its list of competitors. Motive competes with such major players in the trucking optimization product market as Ontruck, Convoy, CargoX, Flexport. It also competes with software providers for agriculture, manufacturing, construction, gas and oil industries, and others.\n             \n                  <br />\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Financials and Valuation</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-4\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n                Financials and Valuation\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\n   Since its foundation in 2013, the company has carried out 7 investment rounds and raised $417 million. Investors include Google Ventures (invested in Uber, Lemonade, Slack) and Index Ventures (invested in Datadog, Slack, Etsy). \n\n\n\n                  <br /> <br />\n                In June 2021, Motive raised  $190 million from G2 Venture Partners, IVP and Scale Venture Partners and funds managed by BlackRock and others valuing the company at $2.3 billion. The previous round in April 2019 was valued at $1.4 billion.\n\n                  <br /> <br />\n              \nCurrently, there is no revenue data on Motive in open sources. Despite the pandemic's effects, the company said it has experienced 70% annual growth, largely due to expansion into new markets.\n\n\n                  <br />\n\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">25 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">1 share</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +150%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2021</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n  </section>\n</div>\n","listIndex":48,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"10"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"23.74","currency":{"__typename":"Currency","code":"USD"}}},"startDate":null,"chartDescriptionLocalized":"Money raised in 2017-2019","promoChart":{"__typename":"BnHPromoChart","data":[{"__typename":"BnHPromoChartItem","title":"$18 mln","value":18},{"__typename":"BnHPromoChartItem","title":"$50 mln","value":50},{"__typename":"BnHPromoChartItem","title":"$149 mln","value":149}]},"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"},{"__typename":"BnHIdeaV2","id":"374","category":"PRE_IPO","buyDisabled":false,"name":"Checkr","logoUrl":"https://investment-s3.unitedtraders.io/checkr/ckeckr.svg","riskLevel":"MEDIUM","descriptionLocalized":"Automated background check company","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input\n                  class=\"invest-landing-dropdown__input\"\n                  type=\"checkbox\"\n                  name=\"panel\"\n                  id=\"panel-1\"\n                  checked\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n          Checkr is an automated background check company. Checkr was founded in 2014 and is headquartered in San Francisco, California.  \n\n<br />\n\n                  <br />\nCheckr uses the same data sources as traditional background check companies, but can usually turn it around a lot more quickly than traditional providers. Checkr uses artificial intelligence and machine learning to classify large amounts of data used in background checks. \n\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Market Opportunities</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input\n                  class=\"invest-landing-dropdown__input\"\n                  type=\"checkbox\"\n                  name=\"panel\"\n                  id=\"panel-2\"\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Market Opportunities\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n          \n\nAs of January 2020, Checkr has provided more than 42 million background checks. The company announced in April 2018 that it runs more than one million background checks per month for more than 10,000 customers. \n\n\n                  <br /><br />\nEmployment Screening Services market is expected to grow to US$ 5.46 billion by 2025 from US$ 3.74 billion in 2016.\n\n\n\n<br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input\n                  class=\"invest-landing-dropdown__input\"\n                  type=\"checkbox\"\n                  name=\"panel\"\n                  id=\"panel-3\"\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nCheckr has not publicly disclosed financials. As a result, it is unknown whether the company is profitable or has a path to profitability.\n\n \n<br /><br />\nCheckr competes in the background check industry and faces a competitive landscape, which may affect Checkr’s long-term viability.\n\n\n\n<br />\n                 \n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Financials and Valuation</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input\n                  class=\"invest-landing-dropdown__input\"\n                  type=\"checkbox\"\n                  name=\"panel\"\n                  id=\"panel-4\"\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n               Financials and Valuation\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nCheckr has raised $309m in total funding. Checkr valuation is $2.2B.\n\n\n                  <br /> <br />\nCheckr does not disclose financial information. Upon announcement of the Series D funding round, CEO Daniel Yanisse discussed with Forbes that the company is close to profitability, and that the company would be aiming to expand globally in 2020. \n\n\n\n <br />       \n\n           \n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">25 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">1 share</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +150%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2021</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n  </section>\n</div>","listIndex":32,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"30"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"44","currency":{"__typename":"Currency","code":"USD"}}},"startDate":null,"chartDescriptionLocalized":"Funding rounds in 2016-2019","promoChart":{"__typename":"BnHPromoChart","data":[{"__typename":"BnHPromoChartItem","title":"$40 mln","value":40},{"__typename":"BnHPromoChartItem","title":"$100 mln","value":100},{"__typename":"BnHPromoChartItem","title":"$160 mln","value":160}]},"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"},{"__typename":"BnHIdeaV2","id":"1263","category":"PRE_IPO","buyDisabled":false,"name":"Eat Just","logoUrl":"https://investment-s3.unitedtraders.io/investments/EatJust/EatJust.svg","riskLevel":"MEDIUM","descriptionLocalized":"Plant and cell based animal alternative products","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-1\" checked />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nFounded in 2011, San Francisco-based Eat Just is the only company in the world that develops animal alternative products in two diverse formats — both plant-based and cell-based. \n\nOn the plant-based side, Eat Just is known for its mung bean-based egg substitute called \"Just Egg\" that comes in bottles and looks like beaten fresh eggs. It also produces a mayonnaise-like product without eggs.\n                  <br />\n                  <br />\n\nTo date, Eat Just claims to have sold the plant-based equivalent of 100 million chicken eggs.  The product is sold in more than 20,000 retail outlets and 1,000 food service locations, including Amazon Fresh and Instamart. The company’s eggs are also on offer in Dicos, a fast-food chain in China.  Just Egg products began rolling out in Canada earlier this year.\nThe company is also focused on expanding in Asia, Europe, and the Middle East. \n\n <br />\n                  <br />\nIn addition to plant-based egg substitutes, Eat Just has been developing artificial meat from animal muscle and fat cells since 2016. Late last year, it received approval from Singapore to sell its lab-grown chicken meat, the world's first regulatory approval for the so-called clean meat that does not come from slaughtered animals.\n\n <br />\n                  <br />\nThe company ranked No. 21 on last year’s CNBC Disruptor 50 list.\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Market Opportunities</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-2\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Market Opportunities\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\n\nIn the first quarter of 2021, venture funding for foodtech companies rose to a record $10.1 billion, up 122.3% from the previous quarter.\n\n\n                  <br /><br />\n\nEat Just’s both lines of business have a great outlook and are fueled by a boom in demand among consumers and investors alike. According to market research firm SPINS, U.S. retail sales of plant-based food rose 11% last year to $5 billion, with the faux egg market nearly tripling. The plant-based food market is expected to grow at a CAGR of nearly 12% and to reach $74.2 billion by 2027. \n\n <br /><br />\n\nThe inability of conventional farming to meet the increased demand on agriculture and the needs of the global population is one of the main drivers of growth. This has become even more evident during the pandemic when production and supply chains experienced disruptions. Reducing greenhouse gas emissions in agriculture, which is a major source of the carbon footprint, can also be a key factor for the development of plant-based alternatives.\n\n\n<br /><br />\nFunding for cell-based meat companies skyrocketed in 2020. According to the Good Food Institute, more than $360 million was invested in the segment last year — 72% of all of the funding cell-based meat as a whole has ever received.\n\n\n\n<br /><br />\nWhile there is no published regulatory approval process for cell-based meat in the United States yet, companies in the space seem confident that it could become finalized as soon as 2021. This offers huge prospects for companies that have been working with regulators so that they could quickly have products on the market.\n\n\n<br /><br />\nThe global market for cell-based meat is estimated to reach $140 billion by 2030.\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-3\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nIn the plant-based egg segment, Eat Just commands more than 99% of the market. Its rivals include Israeli startup Zero Egg, whose eggs are suitable for all baking applications, while Just Egg's products are not suited for this.\n                  <br /><br />\nThe meat substitute market is more competitive. Here Eat just competes not only with cell-based meat developers, including Memphis Meats or Mosa Meat, but also with plant-based meat makers, including Beyond Meat and Impossible Foods. And while the latter are rapidly growing in the global market, gradually reducing the cost of production, cell-based substitute developers will need time to scale up their technology and reduce operating costs.\n\n<br /><br />\n\nEat Just’s lab-grown meat was the world's first to receive regulatory approval for sale in Singapore. While companies in the industry expect regulatory approval for cell-based meat in the United States in the near future, there’s yet no published information confirming that. If the approval process in the U.S., as well as in other countries, drags on, it could dampen investor enthusiasm and reduce funding in this segment.\n\n\n                  <br />\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Financials and Valuation</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-4\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n                Financials and Valuation\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nSince 2011 the San Francisco-based company has raised nearly $800 million in 12 funding rounds from 32 investors, including Vulcan Capital, Khosla Ventures, and Charlesbank Capital Partners. Eat Just has raised $200 million in a new round of funding this March. The funding was led by the Qatar Investment Authority, the sovereign wealth fund of the state of Qatar.\n                  <br /> <br />\nEat Just’s current value in the private market is $1.5 billion, trading at $26,4 per share. Its last round in March 2021 valued the company at $1.35 billion. The company hasn’t disclosed its revenue financials, but CEO Josh Tetrick said that achieving operating profitability is expected later this year and entering public markets sometime after is a strong option. Eat Just’s multiple options through which it can enter public markets go beyond traditional IPO and include the SPAC mergers route and direct listings.\n\n        <br /> <br />\n\nBy comparison, the capitalization of Beyond Meat (BYND), a leading plant-based meat maker that went public in May 2019, is $7.6 billion. BYND shares soared 163% on its first trading day, though the company hasn’t reached the breakeven point either at the time of the offering or to date. This high valuation shows investors' positive attitude toward alternative food producers.\n\nEat Just is a leading plant-based egg producer and on the verge of breaking even, so by the time it goes public its valuation could compare to Beyond Meat's current valuation. The potential return on investment is more than 200%. \n                  <br />\n\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">25 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">1 share</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +150%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2021</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      </section>\n    </div>\n","listIndex":0,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"10"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"5.49","currency":{"__typename":"Currency","code":"USD"}}},"startDate":null,"chartDescriptionLocalized":"Agri-FoodTech investments in 2019-2020","promoChart":{"__typename":"BnHPromoChart","data":[{"__typename":"BnHPromoChartItem","title":"$22.6B","value":71},{"__typename":"BnHPromoChartItem","title":"$30.5B","value":94}]},"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"},{"__typename":"BnHIdeaV2","id":"1224","category":"PRE_IPO","buyDisabled":false,"name":"Kraken","logoUrl":"https://investment-s3.unitedtraders.io/shares/Kraken.svg","riskLevel":"MEDIUM","descriptionLocalized":"Cryptocurrency exchange and bank","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-1\" checked />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nKraken, a United States-based cryptocurrency exchange, provides access to trading between 50+ digital assets. Kraken is the fourth-largest crypto exchange by trading volume. It has nearly 6 million clients globally and was founded in 2011 in San Francisco, California.\n\n\n                  <br />\n                  <br />\n\nIn 2021 Kraken recorded a surge in business growth and the number of new users that signed up on the platform. In the first quarter of 2021, the number of new users jumped four times, compared to the second half of 2020. In addition, spot trading volume in Q1 grew 1.5 times over spot trading volume recorded throughout 2020 to reach a record level of $160 billion. In comparison, trading volume on Coinbase was $335 billion in Q1 2021.\n <br />\n                  <br />\nThere has been a rising interest in cryptocurrency adoption among corporate players. Several investment banks have set their price target for bitcoin. Guggenheim Investments predicts that it will reach $400,000 over a short period of time, while Citibank believes bitcoin should be worth $300,000.\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Market Opportunities</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-2\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Market Opportunities\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\n\nIn April 2021 the value of the cryptocurrency market topped $2 trillion for the first time. In just over two months, the market capitalization of the cryptocurrency market has doubled. Bakkt Holdings, the digital-asset financial firm, estimates that the market of digital currencies will increase to $5.1 trillion by 2025.\n                  <br /><br />\n\nThe crypto market has been seeing rapid growth over the past year, encouraging exchanges to go public. Coinbase, Kraken’s major rival in the US, became public via direct listing on the 14th of April 2021. Jesse Powell, the CEO of Kraken, said that Kraken is “doing all the prep work” to become a public company in middle-late 2022. \n\n\n                   <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-3\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nSources of Kraken’s revenue are dependent on crypto assets and the broader crypto economy. Due to the highly volatile nature of the crypto economy and the prices of crypto assets, its operating results have, and will continue to, fluctuate significantly. The future development and growth of crypto is subject to a variety of factors that are difficult to predict and evaluate. If crypto does not grow as expected, Kraken’s business, operating results, and financial condition could be adversely affected.\n\n\n                  <br /><br />\nIt is possible that Kraken will close a new funding round at a lower valuation that was anticipated earlier due to overall market volatility and the performance of Coinbase shares.\n\n<br /><br />\n\nKraken is subject to an extensive and highly-evolving regulatory landscape and any adverse changes to, or its failure to comply with, any laws and regulations could adversely affect brand, reputation, business, operating results, and financial condition.\n\n                  <br />\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Financials and Valuation</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-4\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n                Financials and Valuation\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\nKraken has raised a total of $137 million from 28 investors including Digital Currency Group (invested in Coinbase, Luno, Curv), Blockchain Capital (invested in Coinbase, Bitnet) and others. \n\n                  <br /> <br />\nThe company can be compared with Coinbase, which debuted via direct listing on the Nasdaq stock exchange in April 2021. An initial market cap on the IPO comprised $85.8B and exceeded $100B after the listing. The IPO price per share was equal to $250 and on the first day of trading closed at $328.28. As of 17 of December 2021, it is priced at 9x P/S with a market capitalization of $52B and its trading volume has amounted to $1580B in 2021. In comparison, the trading volume on Kraken in 2021 was $574B.\n\n\n        <br /> <br />\n\nKraken’s CEO Jesse Powell said that the company is in talks with investors regarding a new funding round. Noting that Kraken has a strong balance sheet, Powell added that the company is not in a rush to raise capital. А new round of financing could value the company at $20B. In the interview to Bloomberg TV at the beginning of March 2021, Powell said he would reject a $10B valuation, and suggested the company could raise double that – which appears to confirm Kraken is seeking a higher valuation. In June 2021, Jesse Powell said that the firm is “doing all the prep work” to become a public company in 12 to 18 months. \n\n                  <br />\n\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">25 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">1 share</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +150%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2021</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      </section>\n    </div>\n","listIndex":0,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"10"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"26.22","currency":{"__typename":"Currency","code":"USD"}}},"startDate":null,"chartDescriptionLocalized":"Estimated revenue in 2019-2020","promoChart":{"__typename":"BnHPromoChart","data":[{"__typename":"BnHPromoChartItem","title":"$150M","value":150},{"__typename":"BnHPromoChartItem","title":"$350M","value":350}]},"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"},{"__typename":"BnHIdeaV2","id":"1261","category":"PRE_IPO","buyDisabled":false,"name":"Zipline","logoUrl":"https://investment-s3.unitedtraders.io/investments/Zipline/Zipline.svg","riskLevel":"MEDIUM","descriptionLocalized":"Autonomous delivery drones","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-1\" checked />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nZipline designs, manufactures, and operates drones to deliver vital medical products to everyone, no matter where they live. It has developed the first autonomous delivery system delivering vital medical supplies and operating at a national scale with revenue. Zipline was founded in 2014 in Silicon Valley, US.\n\n                  <br />\n                  <br />\n\nZipline drones have flown more than 8 million autonomous miles, delivered more than 1.5 million vaccine doses, units of blood, and other critical medications and made drops at more than 2,500 facilities serving 25 million people.\n\n <br />\n                  <br />\nZipline created Zip, a small autonomous airplane designed for a high level of safety, using many of the same approaches as commercial airliners. It can carry vaccines, medicine, or blood. Health workers at remote clinics and hospitals text an order with Zipline for the medical products they need, on-demand. The box is attached to a small parachute that the drone then gently drops at the hospital or clinic. Zipline safely stores medical products at its Distribution Center, enabling immediate access to even the most sensitive or scarce items.\n <br />\n                  <br />\nZipline’s goal, says co-founder and CEO Keller Rinaudo, is to put every person on Earth within a 15- to 30-minute delivery radius of any essential medical product they need, no matter where they live. Zipline currently operates in Rwanda and Ghana. Since its founding in 2014, Zipline has gone from one base serving half of Rwanda to two bases serving the whole country. It also has launched four new bases in Ghana. The six facilities combined will deliver to hospitals serving over 20 million people.\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Market Opportunities</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-2\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Market Opportunities\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\n\nARK Invest, a management firm that invests in breakthrough technologies, believes that in the not-too-distant future drones will deliver packages, food, and even people quicker and more conveniently than ever before. Drones are likely to transform shopping behavior, reduce travel time, and save lives. Drones should reduce the cost to transport goods and people dramatically. While not yet commercialized, ARK Invest estimates that drone delivery platforms will generate nearly $50 billion in revenues, $14 billion in hardware sales, and $3 billion in mapping revenues by 2025. The cost of a 10-mile drone delivery with a piloted drone would cost about $8 but with a fully autonomous drone, this could be as low as 25 cents per delivery. \n\n                  <br /><br />\n\nZipline’s customers are governments, pharmaceutical companies and large logistics networks. In May the company partnered with Novant Health in North Carolina to start long-distance deliveries of critical medical supplies to frontline medical workers. The company’s goal in the U.S. is to ramp up emergency efforts that would focus on delivering new treatments and an eventual vaccine to the places that need them most. \n\n <br /><br />\nAccording to information on Glassdoor, Zipline’s product is seeing surges in demand, new sales, and steps toward profit. The transition to remote work has felt natural and productive. The company is growing very rapidly, so there is a ton of opportunity for impact and autonomy. Zipline is currently going through the phase of scaling. \n\n<br /><br />\nIn March 2021, Zipline announced a partnership with Toyota Tsusho Corporation, a member of the Toyota Group. The partnership with Toyota Tsusho will enable delivery options of pharmaceutical supplies and other critical medical supplies to remote areas, including islands, eventually expanding to other use-case scenarios. Someday, suggests the release, Zipline drones could be making deliveries throughout Japan. \n\n\n<br /><br />\nIn September 2020, Walmart and Zipline signed a partnership to bring first of its kind drone delivery service to the United States. The drone operation with Walmart will deliver health and wellness products initially, with the potential to expand to general merchandise. Trial deliveries for the new service will begin in Northwest Arkansas and cover a 50-mile radius, according to a statement from Walmart.\n\n<br /><br />\nEarlier in 2020, Zipline started a pilot delivery program with Novant Health. Zipline has been delivering medical equipment and personal protective gear via drone to regions of North Carolina since May 2020.\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-3\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nThe drone industry has grown so rapidly that regulators are unable to provide strong oversight. Tracking/monitoring technology could also help operators avoid breaking laws in the first place to ensure drones do not stray into controlled airspace. Regulation is developing, but is inconsistent between international jurisdictions, making the entire process complex and protracted.\n                  <br /><br />\nA regulatory system that relied heavily on responsible behavior and/or the threat of sanctions could generate significant uncertainty for insurers. Effective collaboration and a consistent multinational approach will help enable the development of standard insurance wordings and cover for drone operations.\n\n<br /><br />\n\nIn addition to regulatory and legislative oversight, the aircraft drone delivery industry requires significant certainty for insurers. Insurance companies may become the main driving force behind the development of unmanned technologies.\n<br /><br />\n\nDrones are vulnerable to a range of cyberattacks. Drones for non-military use rely on unencrypted data links for command, control, and navigation. Realizing this, hackers have jammed, intercepted, and manipulated the drones’ controls. \n<br /><br />\n\nPlayers in the drone delivery market are experiencing intense competition because of the growing demand for faster and safer transportation services. The prominent players include DHL, FedEx, Embention, and startups Skydio, Matternet, Vayu, Flirtey, and Swoop Aero. The increasing demand is anticipated to drive the emergence of new players. \n\n\n                  <br />\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Financials and Valuation</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-4\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n                Financials and Valuation\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nZipline has raised a total of $533 million in funding over 7 rounds from 32 investors including Techstars (invested in Twilio, DigitalOcean, Uber), Sequoia Capital (invested in NVIDIA, UiPath, Zoom, Apple), Andreessen Horowitz (invested in Affirm, Coinbase, Pinterest), Google Ventures (invested in Uber, DocuSign, HubSpot), Goldman Sachs (invested in Spotify, Tesla, Square). Their last Series E funding was raised in December 2020 at a valuation of $2.81 billion, $32.63 per share. \n\n                  <br /> <br />\nBy 2025, the revenue from the drone market is estimated to rise to $50 billion, with the usage of drones in the health sector will grow at the fastest rate, at about 25% per year. Zipline is a key player in the drone market for medical supplies, dominating Africa. The Middle East and Africa region account for about 30% of this market. \n\n        <br /> <br />\n\nOver the past two years, Zipline's share price has been trending upward at a steady pace, seeing intense investor interest in the industry. In 2018, the share price at the investment round was $8.5, in 2019 — $16.4, and in 2020 — $33. We expect that the company’s entry into new markets this year (the U.S. and Southeast Asia) will keep the demand for Zipline’s services growing at a brisk pace over the coming few years. The next funding round expected in 2022 may value the company at $6 to $8 billion. Estimated return on investment — over 150%.\n\n                  <br />\n\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">25 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">1 share</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +150%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2021</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      </section>\n    </div>\n","listIndex":0,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"10"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"65.93","currency":{"__typename":"Currency","code":"USD"}}},"startDate":null,"chartDescriptionLocalized":"Share price in 2018-2020","promoChart":{"__typename":"BnHPromoChart","data":[{"__typename":"BnHPromoChartItem","title":"$8.5","value":9},{"__typename":"BnHPromoChartItem","title":"$16.4","value":16},{"__typename":"BnHPromoChartItem","title":"$33","value":33}]},"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"},{"__typename":"BnHIdeaV2","id":"1197","category":"PRE_IPO","buyDisabled":true,"name":"Scopely","logoUrl":"https://investment-s3.unitedtraders.io/investments/Scopely/Scopely.svg","riskLevel":"MEDIUM","descriptionLocalized":"Entertainment and mobile games","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-1\" checked />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nScopely is an interactive entertainment and mobile games company. It partners and collaborates with game developers and global entertainment companies to bring distribution and monetization technology to free to play games. Central to Scopely’s success is the publishing platform behind the company’s games, a collection of software tools that help developers more quickly create mobile games, keep them fresh with new content and generate revenue from them. Scopely relies on both external studios and in-house development teams to create the games, and licensing well-known intellectual properties for its games from entertainment companies such as WarnerMedia and CBS.\n\n                  <br />\n                  <br />\n\nScopely oversees marketing, analytics, ads, business development, live ops, quality assurance, community management, and more, empowering developers to focus on building and refining gameplay experiences to earn the loyalty and love of players around the world. Scopely was founded in 2011 in Los Angeles, US, and has offices in Barcelona, Dublin and Tokyo with additional studios in seven countries across four continents. The company has around 1200 employees.\n\n\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Market Opportunities</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-2\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Market Opportunities\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\n\nRecognized in Fast Company’s ‘World’s Most Innovative Companies’ and #2 on Deloitte’s ‘Technology Fast 500’ as one of the fastest-growing companies in North America, Scopely has achieved more than $1 billion in lifetime revenue by creating long-lasting game experiences. Scopely’s players are spending 80 minutes per-day on games like “Star Trek Fleet Command,” “MARVEL Strike Force,” “Scrabble GO” and “YAHTZEE with Buddies,” and that time spent is actually spent socially.\n\n\n                  <br /><br />\nMobile technology has reshaped the role that games play in our lives. Mobile games have become a compelling way for people to interact with family and friends, and even build new game-based relationships. \n\nMobile gaming is the fastest growing component within the video games industry. According to Newzoo, approximately 2.5 billion users spent time and money on mobile games in 2019 and mobile gaming revenue is expected to grow to approximately $114.4 billion in 2023, representing a compound annual growth rate of 9.8% from $86.3 billion in 2020.\n\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-3\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nScopely relies on third-party platforms, such as the iOS App Store, Facebook, and Google Play Store, to distribute its games and collect revenues, and such platforms may adversely change their policies.\n\n\n                  <br /><br />\nA limited number of games have generated a majority of the company's revenues, and Scopely may be unable to offset any declines in revenues from its top games.\n<br /><br />\n\nCustomer growth and revenue numbers were borrowed from open sources considered to be reliable. However, there is a risk that the actual financial indicators differ from the data from open unofficial sources, which may adversely affect the value of the company's shares.\n                  <br />\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Financials and Valuation</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-4\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n                Financials and Valuation\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nScopely has raised a total of $998.5M in funding over 8 rounds. Their latest funding was raised on Oct 28, 2020 from a Series E round at $3.3B valuation ($38.6 per share). Scopely is funded by 68 investors, including NewView Capital, Battery Ventures, Greycroft, Revolution Growth, Highland Capital Partners and others.\n\n                  <br /> <br />\nScopely generates revenue for its free games through advertising and in-app purchases of virtual goods. The company has seen increased user growth and engagement because of COVID. Javier Ferreira, Scopely’s co-CEO, said the company expects to close out 2020 with over $900 million in revenue, up nearly 100% year over year. We estimate that the company will achieve $1.5B annual revenue in 2021 and is currently growing at 50-70%. \n\n                  <br /> <br />\n\nScopely’s projected market capitalization, given it maintains the current growth trajectory, will amount to $9-15 billion on the public market. Given the rapid market growth along with financial information about Scopely from open sources, we estimate that return on investment will be over 150%.\n\n\n                  <br />\n\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">25 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">1 share</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +150%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2021</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      </section>\n    </div>\n","listIndex":0,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"10"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"19.56","currency":{"__typename":"Currency","code":"USD"}}},"startDate":null,"chartDescriptionLocalized":"Estimated revenue in 2019-2020","promoChart":{"__typename":"BnHPromoChart","data":[{"__typename":"BnHPromoChartItem","title":"$500M","value":500},{"__typename":"BnHPromoChartItem","title":"$900M","value":900}]},"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"},{"__typename":"BnHIdeaV2","id":"343","category":"PRE_IPO","buyDisabled":false,"name":"Algolia","logoUrl":"https://investment-s3.unitedtraders.io/investments/algolia/Algolia-logo.svg","riskLevel":"MEDIUM","descriptionLocalized":"Web search SaaS platform","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-1\" checked />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n               When you visit sites like Lacoste, Coursera, Twitch, or Under Armour and use search, you use Algolia. The company's product is something similar to a Google search for individual sites.\n\n<br /> <br />\nAlgolia provides a search engine API that works across platforms and devices. Algolia's API aims to allow developers to build, optimize, and personalize search and discovery experiences for their users.\n<br /> <br />\nThe company was founded in 2012 and has offices in Paris, San Francisco, Atlanta, New York City, London and Tokyo.\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Market Opportunities</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-2\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Market Opportunities\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\n\n           Companies are adopting enterprise search to improve their operational efficiency by controlling large amounts of data. Global Enterprise Search market size stood at $4 billion in 2020 and is projected to reach $6.8 billion in 2026 with expected CAGR of 13.6% in terms of revenue.\n\n                  <br /><br />\n          Algolia handles over 1.5 trillion search queries per year. The company serves more than 10,000 customers, including some big names, such as Slack, Stripe, Medium, Zendesk and Lacoste.\n\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-3\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n              Algolia faces strong competition from a number of firms, including its closest rival Elastic. This may negatively affect its long-term viability and valuation.\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Financials and Valuation</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-4\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n                Financials and Valuation\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\n     In July 2021 Algolia raised $150 million from Lone Pine Capital, Glynn Capital, Fidelity Management and others at a valuation of $2.25 billion, which corresponded to $29.25 price per share. Compared to the Series C round from October 2019, the company’s valuation has more than quadrupled. It means that Algolia is now a unicorn with a valuation above $1 billion. Since its inception Algolia has raised $334 million in funding over 9 rounds. \n\n\n                  <br /> <br />\n                 The CEO reported revenue in 2018 amounted to $40 million with GAGR 100%. Now the company doesn’t share revenue numbers directly, but says that its annual recurring revenue has increased by 180% year over year.\n\n\n                  <br />\n\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">25 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">1 share</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +150%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2021</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n  </section>\n</div>","listIndex":0,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"32"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"29.24","currency":{"__typename":"Currency","code":"USD"}}},"startDate":"2021-01-01T00:00:00+03:00","chartDescriptionLocalized":"Company's revenue in 2017-2018","promoChart":{"__typename":"BnHPromoChart","data":[{"__typename":"BnHPromoChartItem","title":"$20 mln","value":20},{"__typename":"BnHPromoChartItem","title":"$40 mln","value":40}]},"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"},{"__typename":"BnHIdeaV2","id":"342","category":"OTC","buyDisabled":false,"name":"Flexport","logoUrl":"https://investment-s3.unitedtraders.io/investments/flexport/flexport-logo.svg","riskLevel":"MEDIUM","descriptionLocalized":"SaaS platform for global trade","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-1\" checked />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n              Flexport platform lets businesses manage shipments around the world. The company is a licensed customs brokerage and freight forwarder built around a web application.\n\n\n                  <br />\n\n                  <br />\n             In 2021, Flexport was ranked 41st on CNBC's Disruptor 50 list. The company was previously included in this list in 2019. Since its foundation in 2013, Flexport has grown to 2,000 employees. The company has opened 23 offices and warehouses in the U.S., the Netherlands, Denmark, Germany, China and Hong Kong. Flexport serves more than 10,000 customers, including Sonos, Klean Kanteen and Timbuk2, in more than 112 countries.\n\n                  <br /><br />\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Market Opportunities</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-2\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Market Opportunities\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nThe Freight Trucking market in the U.S. is estimated at $514 billion in the year 2021. The country accounts for 24% share in the global market, which is projected to reach $2.7 trillion by 2026, growing at a CAGR of 4.7%. \n\n                  <br /><br />\n           The industry showed its vulnerability during the Covid-19 crisis and now transport companies are actively implementing digital solutions to increase their efficiency. The Digital Freight Forwarding Market is expected to grow at a CAGR of around 25% during the next few years.\n                  <br /><br />\n       Flexport is a leader in this market and claims that its business won during the tariff war and the Covid-19 crisis due to the more efficient use of data compared to major competitors.\n<br /> <br />\nFlexport's active user base is growing, with its customer base up 55% in Q3 2020 compared to Q3 a year earlier.\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-3\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\n      The company's operations are directly related to the global economic situation. Disruptions in supply chains between countries and regions will result in lower freight volumes, negatively impacting Flexport's operating performance. The escalation of the US-China trade war will negatively affect the company's business, which will also affect the share price.\n<br /> <br />\nThe Digital Freight Forwarding Market is competitive and is highly fragmented with presence of many players – Twill, FreightHub, Fleet, Convoy, InstaFreight, Transporteca, Kontainers, KN Freight Net, Turvo, iContainers, DHL Group, Kuehne+Nagel International AG and Agility Logistics Pvt.\n\n                  <br />\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Financials and Valuation</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-4\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n                Financials and Valuation\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\n                 Flexport's revenue has shown steady annual growth. In 2019, the company earned $670 million, and in 2020, revenue nearly doubled to $1.3 billion. In 2021, it grew 150% to $3.3 billion ( about 80% of the revenue is channelled straight to Flexport's shipping partners). Also in 2021, Flexport posted its first net profit of $37 million.\n<br /> <br />\nIts last funding round in February 2022 valued the company at $8 billion, which is 2.5 x more than its last valuation  in April 2019. Then Flexport was valued at $3.2 billion, the share price was $6.89. Flexport has raised a total of $2.3 billion from well-known institutional investors such as Peter Thiel’s Founder Fund (invested in Facebook, PayPal, SpaceX), Yuri Milner’s DST Global (invested in Facebook, Twitter, Alibaba), Y Combinator (invested in Twitch, Reddit, Dropbox) and others.\n\n\n                  <br />\n\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">25 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">1 share</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +150%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2021</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n  </section>\n</div>\n","listIndex":0,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"10"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"2.71","currency":{"__typename":"Currency","code":"USD"}}},"startDate":null,"chartDescriptionLocalized":"","promoChart":{"__typename":"BnHPromoChart","data":[{"__typename":"BnHPromoChartItem","title":"$225 mln","value":225},{"__typename":"BnHPromoChartItem","title":"$471 mln","value":471}]},"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"},{"__typename":"BnHIdeaV2","id":"432","category":"PRE_IPO","buyDisabled":false,"name":"Zocdoc","logoUrl":"https://investment-s3.unitedtraders.io/investments/icons/zocdoc.svg","riskLevel":"HIGH","descriptionLocalized":"Online medical care appointment booking service","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input\n                  class=\"invest-landing-dropdown__input\"\n                  type=\"checkbox\"\n                  name=\"panel\"\n                  id=\"panel-1\"\n                  checked\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\nZocdoc is an online platform where patients can find the right specialist, make an appointment and get a video consultation. The company was founded in 2007 and is headquartered in New York.\n\n\n<br />\n\n                  <br />\nThe platform was a leader in the market of online medical appointments, and during the pandemic, Zocdoc entered into a partnership with Twilio and entered the fast-growing telemedicine market. The company has launched the Zocdoc VideoService (VSP) that helps patients communicate with specialists without risks, get consultations and monitor treatment progress online. Zocdoc has become one of the few digital medical platforms providing for both face-to-face and online medical consultations.     \n<br /><br />\nUsing Zocdoc, 10,000 providers have carried out nearly one million video appointments across 100 specialities. In May 2020 the company’s founder and CEO Oliver Kharraz told Engadget that video visits now account for 30 to 40 percent of overall bookings, up from “essentially zero at the beginning of March.”\t\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Market Opportunities</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input\n                  class=\"invest-landing-dropdown__input\"\n                  type=\"checkbox\"\n                  name=\"panel\"\n                  id=\"panel-2\"\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Market Opportunities\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n          \n\nThe global telemedicine market size is expected to reach $155.1 billion by 2027, expanding at a CAGR of 15% over the forecast period. Increasing incidences of chronic conditions and rising demand for self-care medicines are the key factors driving the market.\n\n                  <br /><br />\nDigital health funding has hit record levels propelled by the technology boom during the COVID-19 pandemic. Total corporate funding for digital health including venture capital, debt and public market financing reached $21.6 billion in 2020, which is up 103% compared to $10.6 billion in 2019, according to a year-end report by the research firm Mercom Capital Group\n\n\n<br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input\n                  class=\"invest-landing-dropdown__input\"\n                  type=\"checkbox\"\n                  name=\"panel\"\n                  id=\"panel-3\"\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nIntense competition: the market is invaded by a growing number of businesses/ telemedicine services.\n<br /><br />\nPossibly limited growth potential. As Zocdoc has already tapped into most major US metropolitan areas, further expansion in the US may be constrained.\n\n\n<br />\n                 \n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Financials and Valuation</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input\n                  class=\"invest-landing-dropdown__input\"\n                  type=\"checkbox\"\n                  name=\"panel\"\n                  id=\"panel-4\"\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n               Financials and Valuation\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nZocdoc has reported strong growth, with annual revenue up by more than 35% before the pandemic and despite the disruptions provoked by the pandemic, the company’s on track to reach a new record revenue. \n\n                  <br /> <br />\nIn November 2021 the company announced a $150 million investment round from Francisco Partners, the total valuation being undisclosed. In February 2021 the valuation was about $2.6 billion.\n\n\n <br /> <br />\nAs of November 2021 Zocdoc has raised a total of $375 million in funding over 10 rounds from Goldman Sachs (invested in Alibaba, Spotify, Pinterest), Peter Thiel's Founders Fund (invested in Airbnb, SpaceX, Lyft), Yuri Milner's DST Global Fund (invested in Facebook, Spotify, Flexport, Robinhood) and others.\n\n\n\n <br />       \n\n           \n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">25 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">1 share</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +150%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2021</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      </section>\n    </div>\n","listIndex":0,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"10"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"6.7","currency":{"__typename":"Currency","code":"USD"}}},"startDate":null,"chartDescriptionLocalized":"Funding rounds A-D","promoChart":{"__typename":"BnHPromoChart","data":[{"__typename":"BnHPromoChartItem","title":"$6 mln","value":6},{"__typename":"BnHPromoChartItem","title":"$17 mln","value":17},{"__typename":"BnHPromoChartItem","title":"$75 mln","value":75},{"__typename":"BnHPromoChartItem","title":"$130 mln","value":130}]},"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"},{"__typename":"BnHIdeaV2","id":"667","category":"PRE_IPO","buyDisabled":false,"name":"Automation Anywhere","logoUrl":"https://investment-s3.unitedtraders.io/investments/sep_2020/AE.svg","riskLevel":"MEDIUM","descriptionLocalized":"Robotic Process Automation","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input\n                  class=\"invest-landing-dropdown__input\"\n                  type=\"checkbox\"\n                  name=\"panel\"\n                  id=\"panel-1\"\n                  checked\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nAutomation Anywhere provides an intelligent automation platform that enables you to create your own software bots to automate any business process. Automation Anywhere service allows businesses to spend less time and resources on routine tasks and redirect high-value human capital to core activities. \n\n<br />\n\n                  <br />\nAutomation Anywhere, a Silicon Valley-based company, was founded in 2003. Over 2017-2019 Automation Anywhere saw a sevenfold increase in customer base, from 500 to 3500. The company works largely with large and medium-sized businesses in finance, insurance, healthcare, technology, manufacturing, telecommunications and logistics. It counts a number of high-profile companies as clients: Anheuser-Busch, Dell, Qualcomm, Accenture, Boston Scientific, Comcast, Cisco, Coca Cola Japan, Cognizant, Ernst & Young, KPMG, LinkedIn, PwC, Siemens, VW.\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Market Opportunities</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input\n                  class=\"invest-landing-dropdown__input\"\n                  type=\"checkbox\"\n                  name=\"panel\"\n                  id=\"panel-2\"\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Market Opportunities\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n          \nThe global robotic process automation market size is expected to reach USD 25.66 billion by 2027, according to a new report by Grand View Research, expanding at a CAGR of 40.6% over the forecast period. 50% of U.S. healthcare providers will invest in robotic process automation (RPA) in the next three years, according to Gartner.\n<br /><br />\nWikibon forecasts a market valuation of around $75 billion a year by 2025, suggesting the RPA market is actually more likely to be undervalued at this time. \n\n<br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input\n                  class=\"invest-landing-dropdown__input\"\n                  type=\"checkbox\"\n                  name=\"panel\"\n                  id=\"panel-3\"\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nLong-term activity related risk. Automation Anywhere has many competitors. UiPath (market leader), Blue Prism, Softomotive (acquired by Microsoft) are seen as the company’s biggest rivals. Competitors may stunt the company’s development in the future. \n<br /><br />\nThe market may be overvalued. The RPA market is comparably young – there is a chance that analysts and venture capitalists are overestimating the growth potential of this industry. \n\n<br /><br />\nAutomation Anywhere hasn’t disclosed its financial performance. It is unknown if the company is currently profitable and if there’s any tendency toward profitability. \n\n<br />\n                 \n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Financials and Valuation</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input\n                  class=\"invest-landing-dropdown__input\"\n                  type=\"checkbox\"\n                  name=\"panel\"\n                  id=\"panel-4\"\n              />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n               Financials and Valuation\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\nAutomation Anywhere has secured a total of $840 million in funding from Softbank, Salesforce Ventures (lead investor), Goldman Sachs, Workday Ventures, New Enterprise Ventures. Its latest funding in November 2019 brought the company’s valuation to $6.8 billion, a single share is worth $16.61.\n <br />   <br />  \nAutomation Anywhere revenue grew from $74 million to $108.4 million, a growth clip of 46.5%, good for second place and 12.8 percent market share, Gartner points out. The number of customers doubles on a year-to-year basis. \n\n <br />   <br />  \nThe latest available public data on the company’s revenue is for 2018. Using Silicon Angle’s data, we assume that in 2019 Automation Anywhere’s revenue was $250 million and will reach $500 million by the end of 2020. In a year, the company may generate $700-900 million in revenue. Public market capitalization is $15-25 bln. The risk-reward ratio is 1/4.\n\n <br />       \n\n           \n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">25 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">1 share</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +150%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2021</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      </section>\n    </div>\n","listIndex":0,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"10"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"4.42","currency":{"__typename":"Currency","code":"USD"}}},"startDate":"2021-03-19T00:00:00+03:00","chartDescriptionLocalized":"Cumulative funding in 2018-2019","promoChart":{"__typename":"BnHPromoChart","data":[{"__typename":"BnHPromoChartItem","title":"$550 mln","value":550},{"__typename":"BnHPromoChartItem","title":"$840 mln","value":840}]},"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"},{"__typename":"BnHIdeaV2","id":"387","category":"OTC","buyDisabled":false,"name":"Diamond Foundry","logoUrl":"https://investment-s3.unitedtraders.io/investments/diamonddoundry/diamond_foundry.svg","riskLevel":"MEDIUM","descriptionLocalized":"Producer of manmade diamonds","fullDescriptionLocalized":"<div class=\"invest-landing\">\n  <section>\n\n    <div class=\"invest-landing-section\">\n      <div class=\"invest-landing-section__title\">Investment Idea Details</div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">About the company</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-1 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-1\" checked />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-1\">\n                About the company\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n                  Diamond Foundry is America's #1 producer of diamonds for the jewelry and semiconductor industries.\n\n\n                  <br />\n\n                  <br />\n                  Diamond Foundry produces manmade diamonds. The Company cultures diamonds with a zero carbon footprint\n                  and offers diamond jewelry from independent designers.\n\n                  <br />\n\n                  <br />\n\n                  The founding team of M.I.T., Stanford, and Princeton engineers previously developed pioneering\n                  breakthroughs in solar power technology – and had a hunch that techniques used to harness the energy\n                  of the sun could also be used to make a better diamond, atom by atom.\n\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Market Opportunities</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-2 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-2\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-2\">\n                Market Opportunities\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\n\n                  Diamond jewelry market represents $87 billion market (gem-quality diamonds at a price >250$) and is\n                  forecasted to grow by 3-5% to reach $100 billion in 2022.\n\n\n\n                  <br /><br />\n                  Decrease in mined diamonds market share creates an opportunity for lab-grown diamonds. Lab created\n                  diamond jewelry market is estimated to be $1.9 bln today and is forecasted to grow 22% p.a. and reach\n                  $3.8 billion by 2022.\n\n\n\n                  <br />\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section__row\">\n        <div\n          class=\"invest-landing-section__column invest-landing-section__column_col-11 invest-landing-section__column_gap-right-1\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Risks</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-3 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-3\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-3\">\n                Risks\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\n                  Diamond Foundry faces a strong competition from a number of firms. This may negatively affect its\n                  long-term viability and valuation.\n\n                  <br /><br />\n                  Customer growth and revenue numbers were borrowed from open sources considered to be reliable.\n                  However, there is a risk that the actual financial indicators differ from the data from open\n                  unofficial sources, which may adversely affect the value of the company's shares.\n\n\n\n                  <br />\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n        <div class=\"invest-landing-section__column invest-landing-section__column_col-11\">\n          <div class=\"invest-landing-section-subitem\">\n            <div class=\"invest-landing-section-subitem__title\">Financials and Valuation</div>\n            <div class=\"invest-landing-dropdown\">\n              <!-- panel-4 -->\n              <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-4\" />\n              <label class=\"invest-landing-dropdown__label\" for=\"panel-4\">\n                Financials and Valuation\n              </label>\n              <div class=\"invest-landing-dropdown__content\">\n                <p class=\"invest-landing-dropdown__text\">\n\n                  Diamond Foundry has closed three rounds of financing from individuals including actor Leonardo\n                  DiCaprio, Twitter/Medium founder Evan Williams, Zynga founder Mark Pincus, Facebook cofounder Andrew\n                  McCollum, former eBay founder and president Jeff Skoll, Andreas Bechtolsheim 1st investor in Google,\n                  Tony Fadell, Founder of Nest and inventor of the iPod and iPhone and many others.\n\n\n                  <br /> <br />\n                  Diamond Foundry has raised a total of $150M in funding over 3 rounds. Their latest funding was raised\n                  on Oct 1, 2018 from a Series B round. The last round valuation is $660M. The expected valuation at the\n                  exit is $1.8B. Target return is 200%.\n\n\n\n                  <br />\n\n\n                </p>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n    </div>\n\n\n\n<div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          How Venture Investments Work\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-5\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-5\">\n            How Venture Investments Work\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-subitem__image_collect\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/01.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">1.</span>\n                  <span class=\"invest-landing-description__title-text\">Searching for Companies</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Publication</div>\n                    <div class=\"invest-landing-factoid__body\">25 Sep</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Minimum Amount</div>\n                    <div class=\"invest-landing-factoid__body\">1 share</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_buy\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/02.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">2.</span>\n                  <span class=\"invest-landing-description__title-text\">Buying shares</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Shares Outstanding\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">Limited</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_start\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/03.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title\">\n                  <span class=\"invest-landing-description__title-number\">3.</span>\n                  <span class=\"invest-landing-description__title-text\">Public Offering</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Public Offering Date</div>\n                    <div class=\"invest-landing-factoid__body\">Pending</div>\n                  </div>\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">\n                      Estimated Gains\n                    </div>\n                    <div class=\"invest-landing-factoid__body\">\n                      +150%\n                    </div>\n                  </div>\n                </div>\n              </div>\n            </div>\n            <div class=\"invest-landing-description\">\n              <div class=\"invest-landing-description__image-wrapper\">\n                <img class=\"invest-landing-description__image invest-landing-description__image_profit\" src=\"https://investment-prod.s3.amazonaws.com/investment-landings/04.svg\">\n              </div>\n              <div class=\"invest-landing-description__text-wrapper\">\n                <div class=\"invest-landing-description__title invest-landing-description__title_invest\">\n                  <span class=\"invest-landing-description__title-number\">4.</span>\n                  <span class=\"invest-landing-description__title-text\">Taking profit</span>\n                </div>\n                <p class=\"invest-landing-description__text\">\n                  After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.\n                </p>\n                <div class=\"invest-landing-description__factoid-wrapper\">\n                  <div class=\"invest-landing-factoid\">\n                    <div class=\"invest-landing-factoid__head\">Exit</div>\n                    <div class=\"invest-landing-factoid__body\">̴ 2021</div>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          Early Exit\n        </div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-6\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-6\">\n            Early Exit\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text\">\n              Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.\n              <br>\n              <br>\n              For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.\n              <br>\n              <br>\n              The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.\n            </p>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Fees</div>\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-7\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-7\">\n            Fees\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">ENTRY FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">EXIT FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      0.5% of the share sell amount after the trade. The fee is charged at the investment exit.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-5 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">SUCCESS FEE</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-6\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      EARLY EXIT FEE\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">\n          What Are the Benefits of Investing with United Traders?\n        </div>\n\n        <!-- panel 8 -->\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-8\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-8\">\n            What Are the Benefits of Investing with United Traders?\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">WE ARE A RELIABLE PARTNER</h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Our risk managers will support you throughout the entire transaction life.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-8 invest-landing-dropdown__column_gap-right-1\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      HIGH PROFITABILITY\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.\n                    </p>\n                  </div>\n                </div>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-7\">\n                <div class=\"invest-landing-subitem\">\n                  <div class=\"invest-landing-subitem__wrapper\">\n                    <h3 class=\"invest-landing-subitem__title\">\n                      LOW ENTRY THRESHOLD\n                    </h3>\n                    <p class=\"invest-landing-subitem__text\">\n                      To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.\n                    </p>\n                  </div>\n                </div>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n      <div class=\"invest-landing-section\">\n        <div class=\"invest-landing-section__title\">Risks</div>\n\n        <div class=\"invest-landing-dropdown\">\n          <input class=\"invest-landing-dropdown__input\" type=\"checkbox\" name=\"panel\" id=\"panel-9\">\n          <label class=\"invest-landing-dropdown__label\" for=\"panel-9\">\n            Risks\n          </label>\n          <div class=\"invest-landing-dropdown__content\">\n            <p class=\"invest-landing-dropdown__text invest-landing-dropdown__text_list invest-landing-dropdown__text_wide\">\n              United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:\n            </p>\n            <div class=\"invest-landing-dropdown__row\">\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_col-12 invest-landing-dropdown__column_gap-right-1\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Illiquidity.</b> There is a possibility that early exit from this investment will take more than 1 month.\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Asymmetric information.</b> Management and current investors have access to more internal information about the company than other market participants.\n                  </li>\n                </ul>\n              </div>\n              <div class=\"invest-landing-dropdown__column invest-landing-dropdown__column_12\">\n                <ul class=\"invest-landing-list\">\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Time uncertainty.</b> There is no information regarding next financing round or exit strategy timeframe (IPO or M&amp;A).\n                  </li>\n                  <li class=\"invest-landing-list__item invest-landing-list__item_bulleted invest-landing-list__item_wide\">\n                    <b>Share dilution.</b> The issue of additional shares by a company may reduce the value of shares of existing investors.\n                  </li>\n                </ul>\n              </div>\n            </div>\n          </div>\n        </div>\n      </div>\n  </section>\n</div>\n","listIndex":0,"minAmount":{"__typename":"MoneyV2","currency":{"__typename":"Currency","code":"USD"},"value":"13"},"marketData":{"__typename":"BnHMarketDataV2","ask":{"__typename":"MoneyV2","value":"38.22","currency":{"__typename":"Currency","code":"USD"}}},"startDate":null,"chartDescriptionLocalized":"","promoChart":null,"fees":{"__typename":"BnhIdeaFeeV2","enterFeePercent":3.5,"leaveFeePercent":0.5,"successFeePercent":20,"secondTierSuccessFeePercent":null,"secondTierPrice":null},"type":"buy_and_hold"}],"categoryVisibility":{"PRE_IPO":true,"OTC":true}}},"staticQueryHashes":[]}