Kraken
Anthropic
xAI
Anduril
SpaceX
Apptronik
Databricks
OpenAI
Perplexity AI
Ripple1 Companies that received the most ticket and profile view activity over the last 30
days
| Companies | Robustness Score2 | Chg vs. LR3 | Last Round Date |
|---|---|---|---|
| Ripple | 6 | +161.2% | Dec-19 |
| Replit | 6 | +134.2% | Apr-23 |
| xAI | 8 | +127.4% | Nov-24 |
| Stripe | 8 | +125.3% | Mar-23 |
| Anduril | 7 | +109.1% | Mar-25 |
| VAST Data | 4 | +92.7% | Nov-23 |
| Lambda Labs | 7 | +55.2% | Nov-25 |
| Anthropic | 7 | +43.2% | Aug-25 |
| Crusoe Energy | 7 | +41.1% | Oct-25 |
| Cribl | 3 | +26.1% | Aug-24 |
| Huntress | 3 | +23.6% | Jun-24 |
| Databricks | 7 | +21.5% | Sep-25 |
| Glean | 3 | +18.5% | Jun-25 |
| Intercom | 6 | +16.6% | Mar-18 |
| OpenAI | 4 | +16.6% | Oct-25 |
| SpaceX | 7 | +11.6% | Aug-25 |
| Shield AI | 7 | +7.1% | Feb-25 |
| The Zebra | 3 | +6.8% | Mar-21 |
| Cerebras | 6 | +6.7% | Sep-25 |
| Groq | 5 | +4.5% | Jul-25 |
| Redwood Materials | 6 | +2.8% | Oct-25 |
| Olipop | 3 | -0.3% | Dec-24 |
| Vercel | 6 | -2.5% | Sep-25 |
| Deel | 6 | -2.7% | Oct-25 |
| PsiQuantum | 6 | -4.1% | May-25 |
| Apptronik | 6 | -4.6% | Oct-25 |
| Perplexity AI | 7 | -8.8% | Sep-25 |
| Figure AI | 4 | -14.0% | Aug-25 |
| Zipline | 6 | -14.2% | Jun-24 |
| Kraken | 8 | -23.0% | Nov-25 |
| Kalshi | 6 | -31.5% | Nov-25 |
| Mercor | 3 | -39.4% | Oct-25 |
| Whoop | 5 | -53.3% | Aug-21 |
| Airtable | 3 | -68.3% | Dec-21 |
| Brex | 6 | -69.5% | Nov-21 |
| ConsenSys | 6 | -75.5% | Feb-22 |
2 ZXData Robustness Score is an internally developed metric to assign confidence levels
to the underlying data used in constructing ZXData output metrics. The ZXData Robustness Score is
calculated on a scale of 1 to 10 for each company, based on the number of executed trades, number of
buy and sell orders submitted to ZX and skewness of the order book.
3 ZX Index Value is an internally developed metric that reflects secondary values for
private companies using an algorithmic approach based on the values sourced from ZX and ZXData
partners. The algorithm used to calculate ZX Index Values incorporates both executed transaction
values and bid and ask pricing.
Zanbato’s Equal-Weighted Index, which tracks secondary market performance of ZX’s most actively traded companies, increased 1.3% in November. Among the most active sectors, Data & Analytics is up 21.7% YTD; E-Commerce is down 15.08% YTD; Cybersecurity is up 16.63% YTD; SaaS is up 29.31% YTD; FinTech is up 31.61% YTD; Crypto & Blockchain is up 108.95% YTD; Aerospace & Defense is up 65.13% YTD; AI & Machine Learning is up 120.65% YTD
Overall, ZX’s average bid-ask spread was 12% in November, 2% higher than the last 12-month average.
Bids represented 47% of submitted tickets in November, 2% lower than the last 12-month average of 49%.
Kraken,Anthropic, and xAI were the three most active companies on ZX in November.
On average, the ZX Index Values for November were at a 17.8% premium to the last round price per share.
This report is provided for informational purposes only and does not constitute a recommendation or solicitation to buy or sell any financial instrument or to participate in any trading strategy and should not be construed as such. The values shown in this report are not indicative price quotations. This report does not constitute investment advice, nor does this report constitute a "research report" as defined by FINRA Rule 2241 or a "debt research report" as defined by FINRA Rule 2242.
The ZXData and the information contained in this report, some of which have been obtained from third-party sources, are provided on an "as is" basis and the user of this information assumes the entire risk of any use made of this information. Neither Zanbato Inc. (“Zanbato”) nor its affiliates guarantee the accuracy or completeness of the data contained in this report, or its computation and compilation.
The ZXData and this report constitute Zanbato’s valuable intellectual property. You are expressly prohibited from copying, modifying, transmitting or redistributing the ZXData or this report without Zanbato’s prior written consent.
Go to zanbato.com