Long Term Stock Exchange
-81%
est. 2Y upside i
LTSE is an ecosystem for visionary business.
Rank
#3614
Sector
Fintech, Capital Markets
Est. Liquidity
~4Y
Data Quality
Data: LowVerdict: Avoid.
Last updated: July 19, 2026
Exit multiple holds at 15x (still below current 21.5x) if LTSE gains listing momentum or IPO window opens; projected revenue flat at $23.2M, exit value $348M, net of 20% dilution yields -44%.
Exit multiple compresses to 10x (in line with public exchange comps) as growth stalls; exit value $232M, net of 20% dilution yields -63%.
Exit multiple collapses to 5x ($116M) below $247M preference stack; common stock recovers -100% due to 1x non-participating preferred.
Preference Stack Risk
severeFunding Intensity
49%Total funding $247M represents 49.4% of $500M valuation; 1x non-participating preferred means common gets nothing below $247M exit.
Dilution Risk
highCash burn likely necessitates a raise within 24 months; estimated 20% dilution based on limited runway (last round June 2022).
Secondary Liquidity
noneNo secondary market activity reported; no implied valuation from trades.
Questions to Ask at the Interview
Strategic questions based on Long Term Stock Exchange's data — designed to show you've done your homework.
- 1
“How does LTSE attract listings away from Nasdaq/NYSE given liquidity advantages of incumbents?”
- 2
“What is the business model mix between exchange fees and equity software subscriptions, and what are the margins?”
- 3
“Given the recent trading halt, how does LTSE plan to restore operational confidence and meet SEC compliance?”
Community
Valuation Sentiment
Our model estimates -81% upside. What do you think?
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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.