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  • Nasdaq Private Market Hires Marc Perkins, CFA, as Head of Data and Financial Products

    Nasdaq Private Market hired Marc Perkins, CFA, as a Managing Director and its new Head of Data and Financial Products.

  • Nasdaq Private Market Hires Bill Spoor, CFA, as Head of Origination and Special Situations

    NPM announces that the company has hired Bill Spoor, CFA, as a Managing Director and its new Head of Origination and Special Situations.

  • Proskauer Private Market Talks Podcast: The Rise of Private Company Secondaries

    Tom Callahan recently joined Proskauer Private Market Talks podcast to discuss the private company secondaries market.

  • Miguel Armaza Interviews Tom Callahan on the Fintech Leaders Podcast

    Miguel Armaza sits down with Tom Callahan, CEO of Nasdaq Private Market (NPM, a secondary marketplace and liquidity provider for private company trading and transactions. NPM spun out of Nasdaq in 2021 and is now backed by a consortium of banks and financial institutions, including Nasdaq, Citi, Goldman, Morgan Stanley, and others.

  • Nasdaq Private Market Crosses $45 Billion in Executed Secondary Transaction Volume

    Nasdaq Private Market announced that the company has executed more than $45 billion in transactional volume since its inception in 2013. Transactional volume executed by NPM was facilitated across more than 650 private company-sponsored liquidity programs.

  • Considerations for Running an Auction

    There are many factors that determine the best structure for your transaction. NPM helps advise clients on how to best structure an auction program or transaction by leveraging our decade of experience and through a high-touch approach with clients.

  • Tom Callahan on Money Maze Podcast

    Tom Callahan, Nasdaq Private Market CEO, speaks with Simon Brewer on the Money Maze Podcast about private secondary markets and the history of Nasdaq Private Market.

  • Case Study: NPM’S Buy-Side Auction Model

    In 2018, Nasdaq Private Market (NPM) began the creation of a new transaction model while working with a private business to business company valued at over $1 billion.

  • How Private Companies Best Structure Pre-IPO Liquidity Opportunities

    Unlocking stock for private company shareholders to access more liquidity helps support employee recruitment and retention strategies.

  • Advantages and Disadvantages of Auction-Based Transactions vs. Tender Offers

    Companies that run auctions can benefit from competitive price discovery from sophisticated, institutional buyers. This can lead to a more transparent process for both buyers and sellers.

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NPM Securities, LLC Form CRS

SecondMarket Financial LLC Form CRS

© 2026, Nasdaq Private Market. All Rights Reserved.


Any securities are offered by NPM Securities, LLC, member FINRA/SIPC. FINRA BrokerCheck. SecondMarket Financial, LLC is an SEC-registered investment advisor and wholly owned subsidiary of Nasdaq Private Market, LLC.

California Residents – Do Not Sell or Share My Personal Information

NASDAQ PRIVATE MARKET and NPM are registered trademarks of Nasdaq, Inc. and are used by Nasdaq Private Market under license.

Cumulative totals reflect statistics since NPM’s inception and include activity through NPM Securities, LLC and SMTX, LLC, a former affiliated broker-dealer.

NPM Investor Services are available only to “Accredited Investors” defined by the U.S. Securities and Exchange Commission.

Nasdaq Private Market, LLC. and its affiliates do not provide tax, legal, investment or accounting advice. This material has been prepared for informational purposes only and is not intended to constitute tax, legal, investment or accounting advice. You should consult your own tax, legal, investment and accounting advisors before making any transaction.

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