Nasdaq Private Market Sets New Transaction Record in the First Half of 2019
35 private company-led transactions and
|
Facilitated single-largest transaction by number of eligible sellers
NEW YORK,
“We are excited to see that secondary market activity for private companies on the NPM platform set another record,” said Eric Folkemer, Head of Nasdaq Private Market. “Despite a large number of VC-backed companies going public in the first half of the year, executives at private companies of all sizes and valuations continue to see the long-term value in prioritizing liquidity strategies for the benefit of all stakeholders, be it an investor or employee.”
Additional findings from the report include:
- Seller milestone: NPM facilitated the single-largest transaction by number of eligible sellers on its platform during the period: approx. 4,500 sellers, comprising founders, management, employees, and investors.
- Pre-unicorn companies drive transaction volume: Companies with a valuation of less than
$1 billion accounted for the majority of NPM transactions during the period (58%), signaling that controlled liquidity programs continue to be deployed as a way to recruit, retain, and reward private company employees earlier in their corporate lifecycle.
Since its inception in 2013, NPM has facilitated 287 programs for private companies, which includes 73 unicorns – or companies who have achieved a
To download a copy of the 2019
*Activity since 2013 with valuation data aggregated from PitchBook and the NPM and SecondMarket platforms.
About
About Nasdaq
Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 100 marketplaces in 50 countries. Nasdaq is home to approximately 4,000 total listings with a market value of approximately $14 trillion. To learn more, visit: https://new.nasdaq.com.
Media Contact:
Will Briganti
Nasdaq Private Market
(646) 964-8169
william.briganti@nasdaq.com
© 2019 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.
-NDAQG-
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b7eaca57-4d47-4c57-a902-64b8f2bbd29e
Source: Nasdaq, Inc.