As reported by Sifted, the real story here may be the health of London's public markets, not Wayve's self-driving tech. The Pisces platform, in our view, represents a reactive fix to a deeper problem: the UK's perceived inability to provide the valuation multiples and investor base that ambitious AI companies seek. While offering employee liquidity is a positive, the platform's long-term viability likely depends on creating a genuine, liquid secondary market—something that has eluded similar private exchange attempts elsewhere. If Pisces fails to gain traction beyond this initial test, it could reinforce the very exodus it aims to prevent.