What Law Firms Need to Understand About Secondaries — Beyond the Private Company Tender Offer
They’ve earned the trust the market has in them — NPM is a world class platform with superb customer service and a wealth of experience Sacha Ross, Cooley For close to 10 years, law firms, associates and partners have trusted introducing NPM to their private company clients. With NPM’s global…
Nasdaq Private Market and Astrella Announce Strategic Collaboration
MENLO PARK, Calif. & NEW YORK–(BUSINESS WIRE)–AST Private Company Solutions, Inc. (AST PCS), an Equiniti company, is announcing that it has collaborated with Nasdaq Private Market (NPM), a leading marketplace for trading private company stock, to enable private companies to seamlessly manage company-sponsored liquidity events and cap table administration. “By…
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. — Misconception: It takes less work to run a secondary tender offer with your cap table provider. Nasdaq Private Market Response: Administration of a tender offer should incorporate quality assurance processes to help ensure data is accurate prior to the launch of the liquidity program…
Nasdaq Private Market Announces a Record 57 Liquidity Transactions in First Six Months of 2021
Facilitated $4.6 billion in total transaction value during the period, a new three-year high NEW YORK, Aug. 04, 2021 (GLOBE NEWSWIRE) — Nasdaq Private Market, a leading provider of liquidity solutions for today’s private companies, has published its Mid-Year Private Company Report, which summarizes private company liquidity activity on the Nasdaq Private Market platform for the first six months of 2021. Nasdaq Private Market…
Nasdaq, SVB, Citi, Goldman Sachs, and Morgan Stanley Launch New Platform for Trading Private Company Stock
Nasdaq Private Market to be spun out from Nasdaq and contributed to the joint venture NEW YORK and SAN FRANCISCO, July 20, 2021 (GLOBE NEWSWIRE) — Nasdaq, SVB Financial Group (“SVB”), Citi, Goldman Sachs, and Morgan Stanley today announced a joint venture to establish an institutional-grade, centralized secondary trading venue…
Nasdaq Private Market Conducts Record for Most Programs in a First Quarter
Nasdaq Private Market Q1–2021 Report Nasdaq Private Market breaks $30 billion in total volume transacted and records most programs in a first quarter since its inception. Through quarter close, Nasdaq Private Market has surpassed a total of more than 450 company-sponsored liquidity programs. Key Q1 2021 Highlights: We completed 21 programs with a total transaction volume of $1.2 billion in Q1, representing a 38% year-over-year increase in company-sponsored liquidity programs
Nasdaq Private Market Q1–2021 Report
Nasdaq Private Market breaks $30 billion in total volume transacted and records most programs in a first quarter since its inception. Through quarter close, Nasdaq Private Market has surpassed a total of more than 450 company-sponsored liquidity programs.
Key Q1 2021 Highlights:
- We completed 21 programs with a total transaction volume of $1.2 billion in Q1, representing a 38% year-over-year increase in company-sponsored liquidity programs
- Later-stage companies are expanding beyond basic tenders offers by implementing centralized auction-structured programs
To download the full report, please click here.
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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, as the capital markets rebounded strongly in the second half of the year after the initial disruptions caused by the coronavirus pandemic. NPM currently has a pipeline of more than 45 private company-sponsored liquidity programs in the fourth quarter, representing a 70% increase compared to the same period a year ago, and is expected to outpace last year’s annual total of 87 transactions.