On January 26, Nasdaq Private Market (NPM), a platform on which private companies raise capital and manage secondary transactions, announced that it has surpassed $40 billion in total transaction volume since its inception in 2013. NPM stated that as of December 31, 2021, it facilitated more than 550 private company-sponsored liquidity transactions worldwide, serving more than 100,000 shareholders for many of the world’s largest private companies.
Established in 2013, Nasdaq Private Market supports private companies throughout all stages of their pre-IPO lifecycle. The platform enables brokers and investors to access, manage and trade private company stock transactions via a global marketplace and technology solutions. With its existing client relationships, technology and infrastructure, NPM is continuing to support tender offers, auctions, block trades and pre-direct listing continuous trading. Additionally, it offers end-to-end settlement and an inter-broker marketplace through its alternative trading system.
Eric Folkemer, the President of Nasdaq Private Market, mentioned: “NPM continues to be an epicenter for private company liquidity, surpassing a record-breaking $13B in transactional volume in 2021. There continues to be a dramatic evolution across the secondary market, both in how companies are engaging beyond traditional tender offers and utilizing our marketplace to connect with new pockets of institutional capital.”
How Nasdaq Private Market Is Accelerating Capital Markets Development
The announcement by Nasdaq Private Market echoes the commitment of Nasdaq, a stock exchange operator, to reduce barriers to accessible liquidity for private companies and private funds. Nasdaq Private Market’s innovative technology solutions offer enhanced execution capabilities for general partner-sponsored secondary transactions built on industry-leading technology and world-class advisory services. As interest in secondary transactions continues growing and evolving at a rapid pace, the NPM solutions offer greater efficiency and standardization to the secondary market and appeal to the wider sector of limited partners (LPs), general partners (GPs), and secondary investors.
Last year, Nasdaq Private Market not only witnessed domestic growth in the private market but also saw a continued rise of both client valuation and activity at the international level. Several high-performing international unicorns throughout South America, the Middle East and Europe continue to leverage Nasdaq Private Market. Throughout the first half of last year, over 80% of Nasdaq Private Market clients outside the US were valued at higher than $500 million, with a maximum valuation of $25 billion. Nasdaq Private Market’s technology supports private companies of all sizes and across all sectors at the global level.
