Convene
Convene operates a global network of venues for meetings, events, and flexible work, featuring integrated technology and dedicated hospitality services.
Secondary Market Price
How Convene Measures Up
To help you manage your Convene equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series D
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future Convene Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Convene's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
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Company Description
Convene operates a global network of spaces for meetings, events, and flexible office use. The company's primary services include providing event venues, meeting rooms, and various flexible office arrangements such as WorkSuites and memberships. These offerings are supported by in-house culinary, hospitality, and technology teams. Convene has a presence in several major cities across the United States and the United Kingdom, including New York, Chicago, London, and San Francisco. While specific details about its founding are not provided, a notable part of its history includes the integration of etc.venues into its parent portfolio, CHG Company, which expanded its operational footprint.
The company's recent activities suggest a continued focus on growth and service development. The integration with etc.venues points toward an ongoing expansion of its global network and service capabilities. Convene's emphasis on providing technology-enabled solutions for modern work indicates a direction of continued innovation within its offerings. Among recent announcements, the company has launched a customer referral program that provides cash rewards.
- ArrowMark Partners
- Brookfield Property Partners
- The Durst Organization
- Elysium Management
- Declaration Capital
- QuadReal Property Group
- Revolution Growth
- RXR Realty
- Ares Management
- Hudson's Bay Company
- Co-Founder, Ryan Simonetti
- Co-Founder, Chris Kelly
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Convene worth joining?
Deciding whether to join Convene depends on your personal career goals and how you evaluate the company's potential and culture. If you receive an equity offer, a platform like Prospect can help you understand its potential future value and tax implications.
What should I do with my Convene stock?
Managing your Convene stock depends on your personal financial goals and the company's liquidity options. Tools like Prospect can help you create a personalized strategy for exercising options or selling shares to optimize your financial outcome.
Can you sell Convene stock?
As a private company, selling Convene stock is generally only possible during company-approved liquidity events like a tender offer. Platforms such as Prospect offer tools to help you navigate these opportunities and determine the most tax-optimal shares to sell.
How can I find the value of my Convene stock?
The current value of private stock like Convene's is determined by its 409A valuation, which you can typically get from the company's finance department. To help forecast its potential future value, you can use platforms like Prospect, which use proprietary models to project growth scenarios.
What is Convene's equity worth?
The precise worth of Convene's equity is based on its most recent 409A valuation, which establishes the fair market value for tax and financial reporting. For a forward-looking perspective, you can use equity management platforms to model different scenarios and project the potential future value of your holdings.
What is Convene's stock ticker symbol?
Convene does not have a stock ticker symbol because it is a private company and is not traded on a public stock exchange. Ticker symbols are only assigned to companies once they complete an Initial Public Offering (IPO).
Can I buy or sell Convene stock?
As Convene is a private company, buying its stock is typically restricted to accredited investors during specific financing rounds. Selling shares is usually only possible during company-sanctioned liquidity events, such as a tender offer.
What is the criteria to buy or invest in Convene stock?
Investing in a private company like Convene is typically limited to venture capital firms and accredited investors who meet specific financial criteria set by securities regulators. Employees, however, can often acquire equity through their compensation packages without needing to meet these investor criteria.
