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Understanding the Secondary Market + Tender Offers

May 27, 2025 #TenderOffers #SecondaryMarket #PrivateMarkets
Unlocking liquidity through secondary sales and tender offers.
In this candid, 35-minute session, three veterans of the private-market arena walk through the mechanics, timing, and real-world implications of secondary transactions for founders, CFOs, option-holders, and employees at every growth stage.

SPEAKERS
Tom Callahan – CEO, Nasdaq Private Market
Mairtini Ni Dhomhnaill – Founder, Countsy
Carine Schneider – Co-Founder, Compass Strategic Advisors (Moderator)

WHAT YOU’LL LEARN

  • How secondary transactions actually clear: end-to-end logistics, counterparties, and settlement timelines
  • Tender offers vs. one-off secondary sales: which path suits early-, mid-, or late-stage companies
  • Key liquidity triggers: funding rounds, employee retention, option refresh cycles, and pre-IPO positioning
  • Risk & compliance checkpoints: governance, 409A, and communication best practices
  • Actionable frameworks for boards and finance teams to evaluate and run a successful liquidity event

WHO SHOULD WATCH

  • Startup and scale-up founders & CEOs weighing employee liquidity against long-term cap-table health
  • CFOs, controllers, and finance leads responsible for equity strategy
  • Employees & option-holders looking to understand their liquidity windows

TenderOffers #SecondaryMarket #PrivateMarkets #StartupCFO #LiquidityPlanning