This Lesser Known Name Is Also an IPO Candidate for Our BDC Holding
Another of SuRo Capital’s holdings is prepping for an eventual IPO. Here's what to know.
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While CoreWeave (CRWV) and OpenAI tend to get the lion’s share of attention in SuRo Capital (SSSS) investment portfolio, there are more than 30 other holdings. However, five of those holdings accounted for just over 50% of the total portfolio exiting the September quarter.
At that time, the number one position was in CoreWeave, and the third was OpenAI, but remember that was based on OpenAI’s then $300 billion valuation, which has since been raised to $500 billion.
In between those two holdings is SuRo’s position in wearables company Whoop, and per the company’s founder and CEO, Will Ahmed, the company is likely to go public in the next two years. According to the company, subscriptions have grown 20 times since 2020 and are up 75% over the last two years. In the first quarter of 2025, Whoop expects to add blood tests to include biomarkers for women's hormonal health, men's hormonal health, heart health, and metabolic health.
We’ll continue to follow Whoop’s progress and path to an IPO, an event that could continue SuRo’s dividend stream into 2027.
At the time of publication, TheStreet Pro Portfolio was long SSSS.
