Nasdaq Private Market Reports $1.7 Billion in Transaction Value in First Six Months of 2020
August 12 2020 - 10:00AM
The Nasdaq Private Market, LLC, 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 2020. Nasdaq Private Market facilitated 29
private company-sponsored secondary transactions during the period,
with total transaction value of $1.7 billion.
“As more transaction activity on our platform resumes following
the initial months of the pandemic, we expect the secondary market
to grow, providing more opportunities for private companies and
their shareholders to access liquidity,” said Eric
Folkemer, Head of Nasdaq Private Market. “As private
companies evaluate the timing of their secondary transactions,
Nasdaq Private Market remains ready to help them meet their
liquidity needs.”
Additional findings from the 2020 Mid-Year Private Company
Report include:
- Record start: Nasdaq Private Market set a new
record in the first quarter, facilitating the most transactions for
the three month period in its history, fueled in part by the strong
transaction momentum observed in late 2019.
- Early-stage companies drive transaction
volume: Nearly half of the 29 programs completed (48%)
were for early-to-mid-stage companies (Series D funding round or
earlier) – a strong indication that liquidity programs are
happening much earlier in a company’s pre-IPO lifecycle.
- Transactions by unicorns: 10 companies valued
at $1 billion or above completed liquidity transactions during the
period, indicating unicorns’ continued usage of the Nasdaq Private
Market platform.
- Buyer evolution: 1H20 saw a steady rise in
third-party tender offers, at 65% of total programs.
Founded in 2013, Nasdaq Private Market’s solutions support
private companies throughout all stages of their pre-IPO lifecycle.
Our innovative technology facilitates company-sponsored tender
offers, share repurchases, and block trades to provide eligible
shareholders access to liquidity. Since inception, Nasdaq Private
Market has supported liquidity programs involving 44,230
shareholders at 257 private companies, which can have the benefit
of providing liquidity for their employees and early investors,
whether it be to retain their best talent or to maintain their
competitive advantage in the marketplace.
Leveraging Nasdaq’s technology and market operation expertise,
Nasdaq Private Market’s centralized continuous trading platform
simplifies the transaction process for its clients, providing
transparency, regulatory oversight, and structured technology. Our
automated settlement solutions can offer real-time consolidated
trading data. Our continuous platform offering provides the company
and its investors with an ability to keep a finger on the pulse of
market supply and demand, helping to drive activities to develop a
price benchmark or reference price for potential use on day one of
the company’s public listing.
To download the report and speak with a private company
liquidity expert, visit www.npm.com.
About The Nasdaq Private Market, LLC
The Nasdaq Private Market, LLC (NPM) is a premier liquidity
provider to private companies. Whether a company seeks to optimize
an eventual IPO or remain private permanently, NPM provides
comprehensive technology and capital market support to meet its
needs. For certain eligible investors, NPM is a place to engage
with some of the most exciting private companies. The information
contained herein is provided for informational and educational
purposes only. None of the information provided is an offer or
solicitation to buy or sell any securities, or to provide any
legal, tax, investment or financial advice. Investing in private
company stocks is speculative and involves a high degree of risk.
You must be prepared to withstand a total loss of your investment.
You are strongly encouraged to complete your own independent due
diligence before investing in private company stock, including
obtaining additional information, opinions, financial projections,
and legal or other investment advice. The Nasdaq Private Market,
LLC is not: (a) a registered exchange under the Securities Exchange
Act of 1934; (b) a registered investment adviser under the
Investment Advisers Act of 1940; or (c) a financial or tax planner,
and does not offer legal advice to any user of the Nasdaq Private
Market website or its services. Technology services may be offered
by The Nasdaq Private Market, LLC’s subsidiary, SecondMarket
Solutions, Inc. Securities-related services are offered through NPM
Securities, LLC, a registered broker-dealer and alternative trading
system, and SMTX, LLC, a registered broker-dealer, each of which is
a member FINRA/SIPC and wholly-owned subsidiary of the Nasdaq
Private Market, LLC. The NASDAQ Private Market, LLC is
operationally independent and distinct from The Nasdaq Stock
Market, LLC. Transactions in securities conducted through NPM
Securities, LLC and SMTX, LLC Are not listed or traded on THE
Nasdaq Stock Market LLC, nor are the securities subject to the same
listing or qualification standards applicable to securities listed
or traded on The Nasdaq Stock Market LLC, nor do transactions in
securities conducted through NPM Securities, LLC or SMTX, LLC
affect an issuer’s eligibility to list its securities for trading
on The Nasdaq Stock Market, LLC. www.npm.com.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the
capital markets and other industries. Our diverse offering of data,
analytics, software and services enables clients to optimize and
execute their business vision with confidence. To learn more about
the company, technology solutions and career opportunities, visit
us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.
Media Contact:
Will BrigantiNasdaq Private Market(646)
964-8169william.briganti@nasdaq.com
© 2020 Nasdaq, Inc. The Nasdaq logo and the Nasdaq ‘ribbon’ logo
are the registered and unregistered trademarks, or service marks,
of Nasdaq, Inc. in the U.S. and other countries. All rights
reserved. This communication and the content found by following any
link herein are being provided to you by Nasdaq, Inc. and/or
certain of its subsidiaries (“Nasdaq”), for informational purposes
only. Nasdaq makes no representation or warranty with respect to
this communication or such content and expressly disclaims any
implied warranty under law. At the time of publication, the
information herein was believed to be accurate, however, such
information is subject to change without notice. Nothing herein
shall constitute a recommendation, solicitation, invitation,
inducement, promotion or offer by Nasdaq for the purchase or sale
of any investment product, nor shall this material be construed in
any way as investment, legal, or tax advice or as a recommendation,
reference, or endorsement by Nasdaq.
Photos accompanying this announcement are available
at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/d7f36634-3e3a-44ab-882b-b772978b4078
https://www.globenewswire.com/NewsRoom/AttachmentNg/7fb3f904-6f22-4f4a-8dd4-79386acfc331
-NDAQG-
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From Apr 2023 to Apr 2024