Cross River Bank Stock: Can Investors Bank on an IPO?
This page contains links to our partners. We may be compensated when a link is clicked. Read the disclosures to learn more.
Explore ways to invest in Cross River Bank stock before the IPO. Access to pre-IPO startups like OpenAI, Databricks, and Anduril via the Fundrise Innovation Fund*.
Table of Contents
Recent Cross River Bank Stock IPO News
10/26/2023: Cross River Bank eyeing potential IPO in 2025, CEO says
03/30/2022: Cross River Announces $620 Million Capital Raise
Older news…
What is Cross River Bank?
Cross River Bank is a private fintech company that provides API-based financial products to developers of other financial organizations. It offers its customers access to lending products, credit and debit cards, cryptocurrencies, and payments.
It’s a leading banking-as-a-service (BaaS) company, providing the technology from which large companies and small startups can build customer-facing applications.
The company is based in Fort Lee, New Jersey, across the river from Manhattan.
Clients include Affirm, Revolut, Marlette, RocketLoans, Plaid, Upgrade, Remitly, and Upstart.
Cross River Bank is an FDIC member.
Is Cross River Bank Stock Publicly Traded?
No. Cross River Bank is a private company.
Who Owns Cross River Bank?
Cross River Bank is a venture-backed private company. Its primary owners are the co-founders, venture capital firms, technology companies, and employees.
Prominent venture capital investors include Battery Ventures, Andreessen Horowitz, Ribbit Capital, Eldridge, T. Rowe Price, Whale Rock, Hanaco Ventures, and KKR.
The startup has raised more than $700 million in equity financing.
When is the Cross River Bank IPO Date?
The Cross River Bank IPO date is currently unknown.
CEO Gilles Gade told ION Analytics reporter Troy Hopper at Money 20/20 in October 2023 when asked about a potential Nasdaq or NYSE listing in 2025:
That’s the plan. We have to, or our investors won’t be very happy with me.
What is the Cross River Bank Valuation?
The Cross River Bank valuation is $3 billion based on a March 2022 capital raise.
Private market transaction data provided by Hiive suggests the valuation is significantly lower as of early 2024.
What is the Cross River Bank Stock Symbol? Cross River Bank Ticker?
There is no Cross River Bank stock symbol. Cross River Bank is a private company that has not yet filed for an IPO.
Here are a few Cross River Bank ticker symbol suggestions:
- CRB
- CRBK
What is the Cross River Bank Stock Price?
A public Cross River Bank stock price is not available because it is a private company.
Private marketplace data provided by Hiive is limited. However, shares traded hands at $75 per share in September 2023.
How to Invest in Cross River Bank Stock
Since Cross River Bank is a private company, it is challenging to become an equity owner today.
However, by taking the actions outlined below, you can increase your chances of early equity ownership or obtaining shares in the IPO.
Accredited investors will have an easier time using pre-IPO investing platforms. Non-accredited investors can look to venture capital funds for access to pre-IPO companies.
1. Access Cross River Bank stock via pre-IPO investing platforms
The author has seen significant evidence of opportunities to invest in Cross River Bank stock on pre-IPO investing platforms.
Hiive is showing share availability as of early February 2024. But shares have not traded hands recently.
Interested investors can monitor Hiive, Equitybee, and other pre-IPO platforms, including EquityZen, Forge Global, and Linqto, for current share availability.
Early investors or employees may sell shares before the IPO.
A minimum investment of $10,000 is required, and pre-IPO investors must be SEC-accredited with a net worth over $1 million (excluding primary residence) or income exceeding $200,000 (or $300,000 with a spouse).
Accessing pre-IPO data, deal alerts, and expressing interest in unavailable startups is free when signing up online.
Non-accredited retail investors can circumvent the accreditation requirement to own pre-IPO companies by owning the Fundrise Innovation Fund (review).
However, investors cannot select individual pre-IPO companies, and Cross River Bank stock is currently not in the portfolio.
Check out our list of top pre-IPO investing platforms for current share availability across platforms.
Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.
2. Buy Cross River Bank stock during the IPO through a participating broker
Most retail investors will not receive IPO shares if a Cross River Bank IPO develops. IPO access is often challenging. Cross River Bank is a relatively small company at a $3 billion valuation. Shares will not be plentiful.
But, savvy retail IPO investors may find opportunities to invest during the IPO when it arrives. IPO access has become increasingly accessible to retail investors in the past few years.
The following online brokers give customers free access to IPOs with low minimum deposits:
TradeStation has a longer track record of accessing more than 360 IPOs and secondary offerings via its partnership with ClickIPO.
But Robinhood has the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.
Read the S-1 filings to find mentions of these online brokers to find opportunities.
Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.
3. Buy the stock after the IPO
Most investors will not acquire pre-IPO shares or receive an allocation during the IPO. They will need to wait until an IPO to buy the stock in the open market.
Investing after the IPO has advantages. The market-based pricing and regulated filings reduce investor risk.
Furthermore, public numbers make it easier for retail investors to perform due diligence before investing.
Avoid chasing over-inflated share prices immediately after the IPO. Stock price declines after IPOs can be excellent entry points.
Be selective and patient. The most disruptive companies are likely to experience higher valuations a decade from now.
Where can I find the Cross River Bank S-1 Filing?
Cross River Bank has yet to release an S-1 filing to the public.
The company may be weighing its options regarding an acquisition versus a public path. The CEO has indicated an IPO is on their radar for 2025, which means it will likely be working on the filing throughout 2024.
The announcement of a confidential or public S-1 filing would start the IPO process and give Wall Street an idea of where the company resides in the IPO pipeline.
When the company releases the S-1 filing to investors, we’ll link to and embed the document on this web page.
In the meantime, you can check out the most recent S-1 filings in our S-1 filings feed.
Cross River Bank News Archive
07/16/2020: How a small New Jersey bank cornered fintech
11/01/2016: Cross River Bank gets validation with a $28M VC round
Additional Resources
- 11 Fintech startups in the IPO Pipeline
Conclusion
Retail investors often become interested in buying startups riding extraordinary macroeconomic and technology trends (fintech, APIs, BaaS) before they go public.
However, acquiring ownership in Cross River Bank and similar companies is challenging for retail investors, especially non-accredited ones, due to regulations and high demand for shares.
Pre-IPO investing platforms have opened more opportunities for retail investors. However, availability is still limited. Monitor the above-mentioned platforms for the latest availability.
Other fintech startups will likely go public before Cross River Bank. The success of the preceding IPOs may influence the timing of the Cross River Bank IPO.
If you want to pursue pre-IPO equity in Cross River Bank, look first to pre-IPO platforms. More availability may emerge as Cross River Bank grows and early employees seek liquidity. Another funding round would increase supply, but it is unclear if another private round is needed before an IPO.
Good luck if you wish to buy Cross River Bank stock before the Cross River Bank IPO. Invest in pre-IPO and IPO companies at your own risk.
Craig Stephens is a former IT professional who left his 19-year consulting career at the IRS to be a full-time finance writer. A DIY investor since 1995, he started Access IPOs in 2016 to provide a resource for ordinary investors pursuing access to IPOs. Craig studied Finance at Michigan State University and lives in Northern Virginia with his wife and three children. Learn more about Craig.
* This is a testimonial in partnership with Fundrise, Hiive, and other affiliate partners. We earn a commission from partner links on AccessIPOs.com. All opinions are my own. If you sign up with one of our partners through certain on this website, Access IPOs will be compensated at no additional cost to the reader. See the full disclosure here. Risk Statement: Investing in IPOs and pre-IPO startups involves significant risk. Do not invest in companies based solely on what is included in this article. Only invest in IPOs and pre-IPO companies with money you can afford to lose. Access IPOs is for informational purposes only. Mentions of specific investments should not be construed as financial advice. Conduct personalized research and consider consulting with an investment advisor before investing.
