SecondMarket’s real long-term value may finally be emerging as a private company stock buy-back site. This seems to be the conclusion of the company’s third-quarter transaction report, issued earlier this month.
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The post-Facebook era has arrived at SecondMarket as the company issues its first private company market report since the Facebook IPO.
The secondary market for shares of venture-backed private companies will remain largely under served for years to come. More information transparency is needed for it to live up to its potential.
A Year of Truth for Secondary Markets as Big Players Move to Public Markets; Millennium Sees Big Growth Ahead
Last year was pretty solid year for the secondary market. SecondMarket’s results are just one example. The online exchange for private company shares said its transaction volume surged 55% to $558 million as ex-employees, investors and founders sold shares to institutional and other buyers. This year could be a moment of truth. With private company [...]
(Reuters) – Groupon Inc’s IPO may be the biggest test yet for the nascent private stock exchanges that allow investors to trade the shares of hot start-ups like Facebook Inc before they go public. The daily deals website is the first major company set to price its initial public offering at a valuation far below [...]
(Reuters) – SecondMarket Inc, a leading player in the market for private company stock, is trying to get a piece of the initial public offering of Groupon Inc, according to an email obtained by Reuters on Monday. SecondMarket Senior Vice President Jeff Thomas emailed potential investors on Friday who previously traded through the firm to [...]
Liquidnet, a venue for institutions to anonymously trade public stocks, is expanding into trading shares of private and pre-IPO companies such as Facebook and Twitter, Reuters reported Monday. The move puts Liquidnet in competition with private exchange SecondMarket. The market for trading in private companies, Liquidnet says, could grow to some $7 billion in value this year.
Secondary markets, what’s not to love? Liquidity for private company founders, opportunities for venture investors to unload portfolios, LPs taking positions in hot private companies. With all the excitement, activity is on the rise. During the first half of the year, transaction volume at the SecondMarket exchange for private company shares rose 75% to $268 [...]