Nasdaq Private Market

Nasdaq Private Market Launches Next-Generation, Electronic Secondary Liquidity Platform SecondMarketᵀᴹ - Groundbreaking Technology Significantly Enhances Its Private Company Tender Platform While New Marketplace Delivers Best-in-Class Private Market Data and Efficient Execution for a Flat 1% Fee🎉     SecondMarket, powered by Nasdaq Private Market, is the most significant new product in the 10-year history of the company. SecondMarket is the first platform to offer this breadth of combined services across each segment of the private market ecosystem including private companies, employees, investors, and intermediaries. In designing the new SecondMarket, NPM drew upon a decade of experience from facilitating over $55 billion in volume for nearly 200,000 eligible private company employees and investors. It features custom tools and data for the most sophisticated CFO or professional investor, while at the same time delivering intuitive technology that simplifies the process of selling private shares for millions of private company employees. Importantly, transactions are facilitated in alignment with private companies.   🔍Read more about the SecondMarket Company Workstation, Employee Workstation, Investor Workstation, and Tape Dᵀᴹ Premier Data Suite in the press release here https://lnkd.in/ee3ZWbba.   "We are proud to officially launch SecondMarket. Our new platform will facilitate wealth creation events for millions of private company employees and investors. This disruptive technology benefits private companies and their employees by making transacting private shares faster, cheaper, easier, and more secure. SecondMarket will help unlock capital in the $3.5 trillion private market to power and accelerate the innovation economy,” said Tom Callahan, Chief Executive Officer, Nasdaq Private Market.    Sign up or log in to get started here, https://lnkd.in/efvAxmYE.

💻🎤Bloomberg News reporter Geoffrey Morgan recently sat down with Tom Callahan, Chief Executive Officer of Nasdaq Private Market, and Marc Perkins, CFA, Head of Data and Financial Products, to discuss the launch of our Tape Dᵀᴹ Premier Private Market Data and Market Intelligence Platform. Article highlights include: ➕That the company launched a new proprietary pricing product for private companies, which joins an increasingly active space looking for data on potential IPO candidates. ➕How Tape Dᵀᴹ is designed to empower investors and “decrease the information asymmetry” that persists in the private market. ➕NPM's platform leverages a multi-factor algorithm to pull data from historical trades as well as a pool of sources including data from 1.7 million deal terms extracted from publicly available regulatory documents and filings.  ➕The platform includes more than 30 years of data acquired in 2022 from VC Experts. ➕When accessing the data, clients will generate a clearer picture of the cost of capital and insight into when shares may be trading at a premium, providing near real-time opportunities to raise capital. Check out the article here: https://lnkd.in/eBSmCtpH Data in Tape Dᵀᴹ is aggregated from multiple public sources and from NPM’s data contribution network.  #NasdaqPrivateMarket #NPM #TapeD #Bloomberg

Want to learn about company-sponsored liquidity program and tender offer best practices? Join Nasdaq Private Market and Pulley to learn about our partnership via NPM Cap Table Connect. 🗓️Thursday, November 14, 2024 ⏱️10am PT + 1pm ET 🖋️ Sign Up Here: https://lnkd.in/gz3QQ3Az

📢Nasdaq Private Market Launches Tape Dᵀᴹ Premier Private Market Data and Market Intelligence Platform - Read the press release here: https://lnkd.in/eh-EQx6g Tape Dᵀᴹ sources actionable data for investors to make smarter trading decisions. It arms investors with comprehensive venture-backed startup, unicorn, and other pre-IPO company data to empower them to make more strategic investment decisions. Data in the platform is aggregated from multiple public sources and NPM’s data contribution network. Tom Callahan, Chief Executive Officer, Nasdaq Private Market commenting on the announcement, said: “We are thrilled to launch Tape D to help clients access valuable but hard-to-source data on many of the most disruptive private companies in the world. As the private market continues to grow, the platform will help issuers and investors gain a more comprehensive picture of valuations and trends in this dynamic, $3.5 trillion dollar asset class. Tape D is an important evolution in our mission to bring fairness, transparency and integrity to the private markets.” Platform features include: 📈 Pricing: Offers proprietary pricing data on over 2,000 private companies, including more than 8,000 historical orders, enabling investors to understand where companies are trading relative to their last primary financing round and enhancing their ability to make informed trading decisions. 📊Cap Table + Waterfall Analysis: Delivers over 1.7 million deal terms extracted from regulatory documents and constructs detailed capital structures based on source documents. This gives investors unparalleled insights into share class differentiation and potential exit outcomes. 🔎Source Documents: Provides a comprehensive library of state and federal regulatory filings, offering nearly 200,000 pages of essential documentation needed for thorough due diligence, reducing risk, and building confidence in investment decisions. Commenting on the launch, Marc Perkins, CFA, Head of Data and Financial Products, Nasdaq Private Market, said: "Tape D brings much-needed clarity to private markets, empowering investors to make confident, informed decisions. This transparency is key to driving a more efficient and dynamic market." Learn more about Tape D, here: https://lnkd.in/ex9ShmgK

Sending messages of hope and strength this October🌸💝💌! Thank you to everyone who joined us for our Breast Cancer Awareness Month community service project. Team members wrote letters of encouragement to patients in treatment at the Cooperman Barnabas Medical Center through their Comfort Project 360 organization and to Hope Kit recipients through the National Breast Cancer Foundation, Inc. #NasdaqPrivateMarket #NPM #CoopermanBarnabasMedicalCenter #ComfortProject360 #NationalBreastCancerFoundation #MakingADifference

Rotem David, Chief Product Officer, Nasdaq Private Market, was a featured presenter at the annual Open Cap Table Coalition Fall Virtual Summit. During the event, Rotem presented how NPM Cap Table Connect is helping cap table management systems and their clients seamlessly access liquidity opportunities. At NPM, we are working to unlock liquidity for people and entities on each side of the ecosystem.🔓🔑Learn more about NPM here, www.npm.com. #NasdaqPrivateMarket #NPM #OpenCapTableCoalition

Steve Matthews, Chief Legal Officer, General Counsel, and Corporate Secretary, Nasdaq Private Market, will join the Everlaw Summit this week in San Francisco to discuss "The Future of Legal Practice in the Age of AI". Thank you to the Everlaw team for hosting this important discussion about the impact AI is having on the legal profession. #NasdaqPrivateMarket #NPM #AI #Everlaw #Legal

💻🎤Tom Callahan, Chief Executive Officer of Nasdaq Private Market, sat down with Jessica Mathews, Senior Writer at Fortune, to discuss the launch of our SecondMarketᵀᴹ Liquidity Platform for employees, investors, and private companies. Highlights from their discussion include: ➕The concentration of trading activity typically remains in the most promising, high-growth, sought-after private companies and Unicorns ➕How the tri-lateral nature of counterparties involved in private market transactions (seller, buyer + company) differs from bi-lateral nature of public market transactions (seller + buyer) ➕Lack of publicly available data on companies makes it challenging for new investors to understand the true value of equity ➕Notably, after a long freeze, secondary transactions are back and private company-sponsored tender offers have had a "screaming rebound" this year. Check it out: https://lnkd.in/g-GN8Aft #NasdaqPrivateMarket #NPM #SecondMarket #Fortune

📢The news is out! The SecondMarketᵀᴹ Liquidity Platform is live and we're open for business.🔔📣📲▶️🚀 Thank you to our friends and partners at Nasdaq for helping us celebrate this exciting milestone at the iconic MarketSite in NYC.🤝 Nasdaq Private Market's groundbreaking, next-generation technology advances private company liquidity programs and the critical trading tools and data sources for investors and employees. ⬆️SecondMarketᵀᴹ Employee Direct empowers private company employees to sell shares for a low, flat 1% commission. Trades are executed via an end-to-end, electronic, self-service platform connected to an active network of institutional buyers. Learn more here: https://lnkd.in/g_Jv4NXf ⬆️SecondMarketᵀᴹ Company Workstation streamlines the process of structuring and facilitating private company tenders with powerful new tools and data to structure programs, integrate with cap tables, manage order books, fast-track settlement, and facilitate payments. Learn more here: https://lnkd.in/ghsjBebc ⬆️SecondMarketᵀᴹ Investor Workstation supports professional investors with advanced online trading tools, intuitive IOI and watchlist submission, instant portfolio upload, actionable data, real-time negotiations, and settlement simplifying the transfer of shares and funds for a low, flat 1% commission. Learn more here: https://lnkd.in/gG-3wday ⬆️Embedded proprietary Tape Dᵀᴹ Data offers private share price estimates, reported trade levels, historic bids and offers, primary round history, 409A valuations, mutual fund marks, cap table analytics, waterfall analysis, and more. Learn more here: https://lnkd.in/gSEdnuqp #NasdaqPrivateMarket #NPM #SecondMarket #SecondMarketEmployeeDirect #SecondMarketCompanyWorkstation #SecondMarketInvestorWorkstation

Thrilled to share "An Open Letter to Millions of U.S. Private Company Employees" from Tom Callahan, Chief Executive Officer, Nasdaq Private Market: Available here: https://lnkd.in/eRby4dzi The letter explores how the private market really works from an insider’s perspective so employee shareholders can avoid common missteps. Check out Tom's "5 Tips for Selling Private Shares" to help make your experience selling in the secondary, private share marketplace a good one.✅🏆    Ready to sell your company-approved employee shares? Want to check out the market value of your equity holdings? Interested in transacting for a low 1% commission fee on our platform? We're ready when you are! Learn more and sign up for SecondMarketᵀᴹ Employee Direct here: https://lnkd.in/eiKT4qkP