Magic stock & equity tools

Pre-IPO · AI

Magic is pre-IPO. Plan your AMT and NSO exercise tax at any valuation: current 409A FMV, expected IPO price, or post-IPO scenarios.

Beta · invite-only · AlphaLatitude Inc. · Free Tools

About Magic

Magic is a privately held AI company, incorporated in Delaware and headquartered in San Francisco, CA.

Last reported secondary-market price: $73.33 per share (as of 2026-06-06). Your own 409A may differ.

Long-context coding models.

Equity grants at Magic typically include incentive stock options (ISOs) and non-qualified stock options (NSOs).

Eric Steinberger and Sebastian De Ro founded Magic in 2022 with the goal of building an AI software engineer, not just a coding assistant. The company's technical focus is extreme context length: its LTM-2-mini model handles 100 million tokens, enough to process a large codebase in a single pass. Magic raised $117 million in an initial round, then secured $320 million in August 2024 from Eric Schmidt, Sequoia, Jane Street, and Atlassian at a reported $1.5 billion valuation, bringing total funding to approximately $465 million.

Sources: techcrunch.com · sequoiacap.com

OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Magic.

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OptionsAhoy plans your Magic equity alongside hedging, vesting, and de-concentration, across bullish, neutral, and bearish market scenarios. Free during beta.

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