Navigating the Employee Liquidity Path
Free flowing private capital, strong cash generation, and a desire to avoid regulatory requirements are among the reasons companies are staying private longer—an average of 8.1 years compared to 6.8 years in 2010, according to PitchBook.
The extra time out of the public spotlight gives them time to iron out the wrinkles in their business models. But it prolongs the promise of wealth by denying liquidity to the employees and investors who powered the company to a successful position.
Jeff Thomas is the Head of Listings at Nasdaq. There, he runs the Western region where he interacts with some of the largest and fastest growing private technology companies. In combination with his prior role at Nasdaq Private Market as Head of Sales, he oversaw the execution of 100+ private tender offers for a total value of more than $4b+ and 40+ IPOs with a total value in excess of $5b+.
We spoke to Jeff about the various paths his clients take to achieve liquidity for shareholders.
We are a market leader in facilitating private company liquidity. Since 2013, we have facilitated liquidity programs on behalf of 120+ private companies.
Secondary Captial Introductions
Through organized auctions, fund managers can provide liquidity to current investors while broadening access to new investors.
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