$320B
Private markets became the center of gravity
US venture deployed $320 billion in 2025, up 51% year over year. AI captured 65.4% of deal value, and 859 active unicorns hold $4.34 trillion in aggregate value.
NVCA 2026 Yearbook
Investor Relations · Capital Markets · Technology
You know your story.
We know the angle.
Ranger IR is the investor-relations and capital-markets partner for technology companies — from first private conviction to public value.
The North Star for technology companies in the capital markets
01 — The shift
The market moved. The story didn’t.
Technology companies become globally visible years before they can be publicly valued. The gap between attention and understanding is where value is won or lost.
12 years
Scale arrives in months. The listing still takes a decade.
Time to a $1B valuation has compressed from decades to months. Yet the median technology IPO in 2025 was 12 years old — above the 8-year average since 1980.
Reference Capital, 2026 · Jay R. Ritter, IPO Initiative
~30%
The marginal buyer is now retail
Retail investors account for roughly 30% of US equity trading volume, with about $12 trillion of self-directed capital and equity assets equal to roughly 10% of US market cap.
Goldman Sachs, 2026
02 — The gap we close
World-class technology. An audience that cannot yet read it.
Many of the most interesting technology companies are built outside the United States. Their products travel well; their story often does not. US investors reward category ownership, unit economics, disclosure discipline and a narrative that survives translation — and the wrong angle can cost a company its valuation for years.
Foreign issuers were 24.2% of US IPOs in 2021, 41.8% in 2023 and 28.0% in 2025 — against a 12.3% average from 1980–2025. Chinese issuers fell from 19.4% to 2.2% over the same period: the growth is in non-China cross-border issuers.
Jay R. Ritter, Foreign Companies Going Public in the US, 1980–2025
Financing and M&A decisions, made without a framework.
Most companies interview banks, counsel and advisors without a structured way to compare schedules, preferences, fee structures and the disclosure consequences of each path. We bring the map — and sit on the company’s side of the table.
03 — How we work
Five modules. One system.
Every engagement is assembled from the same five modules — so the work compounds instead of resetting each quarter.
01
Communication
Narrative, positioning, executive preparation and investor Q&A — the words that carry the company.
02
Content
Decks, data rooms, releases, quarterly materials — and the digital presence that surrounds them.
03
Connections
Investor meetings, warm introductions, and a framework for choosing banks and counsel.
04
Community
Visibility programs, founder community, events and retail engagement that compound over time.
05
Crossing — private to public
The transition run as one program: narrative reset, education, deal review, vendor selection, exchange and listing, and the first year as a public company.
04 — Selected work
The work looks different. The method doesn’t.
Financing
From technical proof to an investor narrative
A deep-tech company had the science and no story. Six weeks later it had a deck, a Q&A playbook and a rehearsal process its CEO trusted.
M&A / de-SPAC
Choosing the right bank and counsel
A company evaluating a de-SPAC needed a way to compare intermediaries — and to understand what public-company disclosure would demand of it.
Digital presence
An audience map before a website
Before redesigning anything, we mapped who actually needed to find the company — investors, customers, talent, media — and built the system around them.
05 — Film
A brand film is in production.
Night sky, open water, one ship and the star that holds its position. It is the shortest version of what we do.
Until it is ready, the work is the story.
06 — Field notes
What we are watching.
The visibility-to-listing gap
Companies become globally visible years before they can be publicly valued. That gap is where stories get mispriced.
The 30% retail flow
Retail is now the marginal buyer. For micro-caps, that changes what “investor relations” has to mean.
The market is deciding about your company either way.
Let’s make sure it decides with the right story, told to the right audience, at the right moment.
Start a conversation