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 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.

“We have experienced incredible demand from private companies for liquidity coming out of the initial Q2 slowdowns from the pandemic, especially through the second half of the year,” said Eric Folkemer, Head of Nasdaq Private Market. “There continues to be tremendous momentum in the private market, which has boosted company and investor optimism and participation in the strong pipeline…

29 private company-sponsored transactions completed amid pandemic-related market slowdown

• By Eric Folkemer, Head of Nasdaq Private Market

The private market landscape continues to change, especially amid the recent COVID-19 pandemic. 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 to return value to investors and employees.

Since Nasdaq Private Market’s inception in 2013, we have executed 350 liquidity programs for 230 private companies, and that number keeps growing. …

For Klaviyo employees, the recent tender offer facilitated by Nasdaq Private Market offered an opportunity for them to exercise their stock options in the software company and potentially use it for personal benefits, such as a new home or as a means to pay off student debt.

Klaviyo, a Boston-based technology company is the world’s leading owned marketing platform known for accelerating revenue for online businesses using the channels they own, like email, web and mobile. The company worked with Nasdaq Private Market on a tender offer as a means to offer employees a path to liquidity as well as a tool to attract and retain talent. Tender offers provide companies a way to relieve internal liquidity pressures, gain access to new investors and establish a competitive advantage in retaining and recruiting talent.

“It was important for us to be able to give back to our employees,”…

87 private company-led transactions and $4.8 billion in transaction value completed

Facilitated single-largest transaction activity by number of eligible sellers

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I am excited to announce that SecondMarket has been acquired by NASDAQ Private Market.

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