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Stay up-to-date with our expert team’s review of trends, themes and insights into what’s driving secondary market activity.
All Articles (25)
Private Markets, Public Hype
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Secondary Markets: What You Need to Know About the Market for Private Company Stock
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How Do Stock Options Work?
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How to Sell Shares of a Private Company: Finding a Buyer
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An Open Letter to Millions of U.S. Private Company Employees
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Understanding the Bid-Ask Spread: How Buyers and Sellers Match on Price
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Selling Your Private Stock: Understanding the Essentials
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Are You Eligible to Sell Private Company Stock?
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How Employees Sell Private Company Shares in the Secondary Market
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Considerations for Running an Auction
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Case Study: NPM’S Buy-Side Auction Model
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How Private Companies Best Structure Pre-IPO Liquidity Opportunities
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Advantages and Disadvantages of Auction-Based Transactions vs. Tender Offers
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Types of Private Market Auctions
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An Introduction to Secondary Auctions for Private Companies
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What Law Firms Need to Understand About Secondaries – Beyond the Private Company Tender Offer
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Misconceptions of Running a Private Company Tender Offer
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Nasdaq Private Market on Pace for Record Fourth Quarter, Anticipates Strong Pipeline for 2021
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The Future of the Private Market: Trends to Watch in 2020
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Want to Execute Your Own Liquidity Program?
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Q&A with Nasdaq Private Market on Secondary Sales of Private Company Stock
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Nasdaq Private Market Experiences Record Growth in 2018
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Nasdaq Private Market: An Overview Of Restricted Stock Units
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Overview of Nasdaq Private Market’s Role in Private Tender Offers
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Private Company Liquidity Update from Nasdaq Private Market
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All Articles (25)
Private Markets, Public Hype
In recent weeks, a flurry of announcements from various platforms have promised to unlock the doors of the world’s top private companies to investments from retail investors. With many of the most innovative and fastest-growing companies staying private longer, these new offerings are often wrapped in the noble-sounding mission of “democratizing access to the private...
How to Sell Shares of a Private Company: Finding a Buyer
Understanding the market is essential when attempting to sell private company shares. Selling private company shares requires a basic understanding of the space as well as the venues and providers available to help individuals transact. While selling shares of public company stock on an exchange is typically a straightforward transaction, selling private company stock is...
An Open Letter to Millions of U.S. Private Company Employees
As the CEO of one of the largest private market secondary trading platforms, I’d like to let you in on a secret about today’s private share marketplace. If you are a private company employee that needs or wants to sell shares in today’s market, you’ll quickly discover that the odds are seemingly stacked against you....
Understanding the Bid-Ask Spread: How Buyers and Sellers Match on Price
The bid-ask spread is a fundamental concept in financial markets that plays a crucial role in trading dynamics. The spread represents the difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask) for a security. Understanding the bid-ask spread has an impact...
Selling Your Private Stock: Understanding the Essentials
The complexities of how to sell private company shares can often feel like a maze for shareholders, from understanding your eligibility to sell stock to navigating the secondary market for selling private company stock, this article explores the process and asset class. Unlocking liquidity through private secondary market transactions can be important for a shareholder’s...
Are You Eligible to Sell Private Company Stock?
Selling private company shares involves navigating a range of counterparties, market complexities, and trading requirements. This article explores eligibility requirements for selling private company stock, including vesting and company policies, to help potential sellers make informed trading decisions. By leveraging insights from Nasdaq Private Market, shareholders can help to ensure their transactions are smooth and...
How Employees Sell Private Company Shares in the Secondary Market
Selling shares can be a complex process for people unfamiliar with the secondary marketplace. Nasdaq Private Market offers an industry-leading, trusted secondary trading platform to connect buyers and sellers.
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.
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.
Types of Private Market Auctions
Auctions can also be customized to match the dynamics of a transaction. Simple auctions typically take four different forms: English, Dutch, First Price, and Second Price auctions.
An Introduction to Secondary Auctions for Private Companies
Nasdaq Private Market has the domain expertise to run several different types of auctions for private company shares. We leverage our legal and operational experience to successfully execute these innovative program structures for our private market clients.
What Law Firms Need to Understand About Secondaries – Beyond the Private Company Tender Offer
For close to 10 years, law firms, associates and partners have trusted introducing NPM to their private company clients. With NPM’s global distribution network and support from our bank partners, we help private companies access strategic capital and facilitate market-driven transactions their shareholders deserve.
Misconceptions of Running a Private Company Tender Offer
Thinking about returning liquidity to your company, investors or shareholders? We provided a list of the top misconceptions while running a tender offer.
Nasdaq Private Market on Pace for Record Fourth Quarter, Anticipates Strong Pipeline for 2021
Nasdaq Private Market anticipates its strongest fourth quarter on record, driven by a surge in private company-sponsored liquidity programs.
The Future of the Private Market: Trends to Watch in 2020
Public market volatility, as well as evolving regulatory and reporting requirements, have raised the barrier to entry to the public market, leading more private companies to pursue secondary programs.
Want to Execute Your Own Liquidity Program?
Less than a decade ago, many of these companies would have felt the pressure to go public. But with the Jobs Act of 2012 and changes in federal reporting requirements, many successful companies with high growth and high valuations are choosing to stay private.
Q&A with Nasdaq Private Market on Secondary Sales of Private Company Stock
In this Q&A, the Nasdaq Private Market team outlines the state of the private secondary market and details how they help facilitate secondary sales.
Nasdaq Private Market Experiences Record Growth in 2018
Nasdaq Private Market (NPM) had a record-setting 2018 as annual transaction volume surged to $12 billion and demand for secondary programs rose, demonstrating that private company-sponsored liquidity programs are now commonplace and flourishing.
Nasdaq Private Market: An Overview Of Restricted Stock Units
As private companies continue to evolve and rapidly grow in size, retaining and attracting top talent has become increasingly challenging. What might a private company consider when offering restricted stock units (RSUs) as an equity incentive for employees?
Overview of Nasdaq Private Market’s Role in Private Tender Offers
Kevin Gsell speaks with, Skadden Arps about the process in of how Nasdaq Private Market gets engaged by a company and council to run private company Tender Offer programs.