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How does Notice price private stocks in real time?
How does Notice price private stocks in real time?

Notice uses a combination of private market data and public comparables to determine Notice Price.

Updated over a week ago

Intro

Notice Price is the best available market consensus for a company's common stock price at any given time.

How is private market consensus determined?

Every minute, the Notice Price algorithm looks for a consensus in the private market using company-specific private market data inputs sourced from the Notice Data Collective. This consensus is measured on a continuum of Low to High, and represented by the Notice Price Drivers icon shown next to the Notice Price.

What happens when a high level of price consensus exists?

If the Notice Price algorithm determines that a high level of consensus exists among the company-specific and private market data inputs, Notice uses the market consensus to set the current Notice Price for the company's stock.

What happens when a low level of price consensus exists?

If the Notice Price algorithm determines that a low level of consensus exists among the company-specific private market data inputs, Notice uses a customer basket of public comparables to set the current Notice Price for the company's stock.

What public comparables does Notice use for each private company?

Notice internally develops a proprietary basket of public comparables for each company we price. The comparables are highly representative of the private company's market value and, for competitive reasons, we do not disclose the which comparables we use.

Is the Notice Price algorithm ever updated?

Building the best private company pricing in the private markets requires iteration, and each iteration of the Notice Price algorithm increases the accuracy of Notice Price. The latest iteration of Notice Price algorithm is v1.3.

Where can I read more about how Notice Price is determined?

You can read more here.

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