Jessie Moore has been writing professionally for nearly two decades; for the past seven years, she's focused on writing, ghostwriting, and editing in the finance space. She is a Today Show and Publisher's Weekly-featured author who has written or ghostwritten 10+ books on a wide variety of topics, ranging from day trading to unicorns to plant care.
Dapper Labs is not publicly traded, but accredited investors can still buy its stock.
Hiive is a marketplace where accredited investors can buy shares of private companies before they go public.
Sign up with Hiive and get access to Dapper Labs before its IPO.
Any NFT company that’s still in business is impressive. But Dapper Labs has yet another claim to fame — it nearly managed to almost grind the Ethereum blockchain to a halt.
How? Thanks to pictures of cute cats. Dapper Labs’ CryptoKitties project created a sixfold increase in network requests.
This viral effect wasn’t a one-hit wonder. Since then, the company has secured lucrative partnerships with the NBA, UFC, NFL, Ticketmaster, and many others. On top of that, they’ve also developed their own blockchain called Flow.
Interested in how to buy Dapper Labs stock? Keep reading to find out everything you need to know.
Dapper Labs: The Basics
We’ll get into how to buy Dapper Labs stock in a minute. First, let’s sum up some of the most important points for potential investors:
- Dapper Labs has raised $613 million through 7 funding rounds
- The company’s latest valuation was $7.6 billion
- Dapper Labs’ crypto token, Flow, has a market cap of $541 million
- In 2022, the company generated $135 million in top-line sales
- Through Flow, the company and its funders have also launched a $725 million ecosystem fund designed to drive innovation and development
Can You Buy Dapper Labs Stock? Is Dapper Labs Publicly Traded?
Sorry … If you want to know how to buy Dapper Labs stock, the truth is that you can’t, at least not at the moment. Dapper Labs stock isn’t currently traded on any exchange.
The company is still private, and there haven’t been any serious discussions of an IPO, so it probably won’t happen any time soon. As a result, there’s currently no way to gauge the Dapper Labs stock price, and there is no Dapper Labs stock symbol.
That doesn’t mean that you’re entirely out of options, however. Keep reading…
How to Buy Dapper Labs as an Accredited Investor
Dapper Labs is not publicly traded. But accredited investors can invest in private companies including Dapper Labs through Hiive.
Hiive is a marketplace that connects shareholders of private, VC-backed companies who want to sell their pre-IPO shares to accredited investors.
With no buying fees, the ability to negotiate, and a robust marketplace with thousands of companies, Hiive is a great way to invest in companies before they IPO.
Sign up with Hiive, check out Dapper Labs, add it to your watchlist, and get notified about any new listings and trades.
Dapper Labs is available via Hiive, as are various promising startups and private companies such as Flexport, Waymo, and Juul.
On Hiive, each listing is made by a different seller who sets their asking price and the amount of volume offered. These sellers might be employees, venture capital firms, or angel investors.
As a buyer, you can create a watchlist of companies to watch and get notified about price changes or new listings. Once you find an offer you’re interested in, you can accept the asking price as listed, place a bid, or negotiate directly with the sellers.
Any views expressed here do not necessarily reflect the views of Hiive Markets Limited (“Hiive”) or any of its affiliates. WallStreetZen is not a broker dealer or investment adviser. This communication is for informational purposes only, and is not a recommendation, solicitation, or research report relating to any investment strategy, security, or digital asset. All investment involves risk, including the loss of principal and past performance does not guarantee future results. There is no guarantee that any statements or opinions provided herein will prove to be correct. WallStreetZen may be compensated for user activity resulting from readers clicking on Hiive affiliate links. Hiive is a registered broker-dealer and member of FINRA / SIPC. Find Hiive on BrokerCheck.
How to Buy Dapper Labs as a Retail Investor
As we’ve mentioned before, if you’re wondering how to buy Dapper Labs stock, the answer is very unsatisfactory. Dapper Labs stock isn’t available to retail investors yet, and there haven’t been any serious discussions regarding the company’s IPO.
That doesn’t mean that you can’t potentially profit from the NFT space. We’ll discuss the most practical alternatives in a couple of minutes, but let’s run through some important details first…
Who Owns Dapper Labs?
The company was founded by Roham Gharegozlou, Dieter Shirley, and Mack Flavelle, all of whom likely have a significant stake in the company.
But they’re not the only stakeholders. Dapper Labs has raised $613 million across 7 funding rounds, and the company’s latest valuation sits at $7.6 billion.
Some of the main investors who’ve helped raise the aforementioned $613 million include:
- Coatue
- Andreessen Horowitz
- Union Square Ventures
- Venrock
- GIC
- North West Quadrant Ventures
- Google Ventures — the venture capital arm of Alphabet, AKA Google (NASDAQ: GOOGL)
Does Google Own Dapper Labs?
Nope. While the VC arm of Alphabet, AKA Google (NASDAQ: GOOGL), Google Ventures, did participate in the company’s series A and series D funding rounds, this is a far cry from majority ownership.
Dapper Labs has also enjoyed investments from various athletes and celebrities, including Will Smith, Ashton Kutcher, Michael Jordan, Kevin Durant, and many others.
To offer more context regarding Google’s stake in the company, the series A funding round raised $12.9 million, and it had 29 investors, while the series D round raised $250 million through 10 investors. We’re not privy to the exact details, but it is unlikely Google has a large stake.
How to Invest in Dapper Labs Stock as a Retail Investor
Note: This article does not provide investment advice. The stocks listed should not be taken as recommendations. Your investments are solely your decisions.
Dapper Labs Partners
The most high-profile partners of Dapper Labs are Warner Music Group (NASDAQ: WMG) and Ubisoft, listed on Euronext Paris. While WMG is currently a buy according to analysts on our websites, it’s a stretch to say that investing in it will replicate the success of Dapper Labs.
Beyond that, there are two companies to also consider: Nvidia (NASDAQ: NVDA) and AMD (NASDAQ: AMD). Both of these companies produce hardware necessary for the infrastructure of blockchain, graphics processing units needed for gaming, and both companies have made investments in the blockchain space.
Although both of these are great companies, as of July 2023, AMD is the better buy, due to a variety of more favorable metrics. Chart below courtesy of TradingView.
NFT Companies
The second option is to invest in other NFT companies. Although Dapper Labs has several unique advantages, this is still quite a young, dynamic field, so growth isn’t concentrated in a few companies.
eBay (NASDAQ: EBAY) might be a name you haven’t heard in a while. Not only is the online marketplace still in business, but they’re apparently keeping up with new trends.
The online-commerce giant acquired NFT marketplace KnownOrigin in 2022 and is still hiring Web3 developers — a potential sign of continued expansion in this direction. eBay has even started launching its own exclusive NFT collections.
As an added bonus, eBay has previously signaled that they are interested in cryptocurrency integration, though there’s no specific timeframe.
DraftKings (NASDAQ: DKNG) is America’s largest sports-betting company. The company has also recently purchased Scarcity Labs and entered the NFT space with a marketplace of its own based on the Ethereum blockchain.
With a popular subject matter, brand-name recognition, and plenty of exclusive partnerships, you should definitely keep your eye out on DraftKings. As you can see in the chart above, courtesy of TradingView, the stock is up more than 100% this year.
Want to explore the stocks listed above? Check out WallStreetZen for more detailed analysis.
How to Buy the Dapper Labs IPO
Here are the steps on how to buy Dapper Labs stock if and when it becomes available:
- Create or login to your brokerage account (if you don’t have one, we recommend eToro)
- Search for Dapper Labs
- Select how many shares you want to buy
- Place your order
- Monitor your trade
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.
Dapper Labs Stock Price Chart
Since Dapper Labs is still a private company, I can’t give you a Dapper Labs stock price chart. But I won’t leave you hanging. Here’s some eye candy:
Although it’s clear that the NFT space had its 15 minutes of fame and immediately entered a crisis, data would suggest that things aren’t all that dire after all.
Although trade volume does vary, as you can see in the chart above, we’re still talking about tradable assets that rarely see less than $100 million in trading volume
Here we have a chart showing the trading volume of Dapper Labs’ most successful project as of right now — NBA top shot. Although these figures are still a far cry from the peaks NFTs experienced, sales have exceeded $150,000 on numerous occasions in the last couple of months.
It all boils down to this – with plentiful funding, experience in the space, and projects that still put up impressive numbers, if NFTs are something you’d like to invest in, Dapper Labs deserves consideration.
The bottom line? Dapper Labs has interesting potential. If you’re an accredited investor, consider checking out Dapper Labs on Equitybee. If you’re a retail investor, wait for the IPO — or consider some of the other approaches mentioned in this article.
FAQs:
How to buy Dapper Labs stock?
Currently, there is no way for retail investors to buy Dapper Labs stock. However, accredited investors can use Equitybee to fund employee stock option plans.
How much is Dapper Labs stock?
Since Dapper Labs isn’t currently publicly traded, there is no way to tell how much the stock is worth.
What is Dapper Labs stock symbol?
There isn’t a Dapper Labs stock symbol as of yet, since the company still hasn’t gone public.
Who owns Dapper Labs stock?
Apart from the founders (Roham Gharegozlou, Dieter Shirley, and Mack Flavelle), companies who have invested in Dapper Labs and own stock in it include Coatue, Andreessen Horowitz, Union Square Ventures, Venrock, GIC, North West Quadrant Ventures, and Google Ventures.
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