Reported 4 months ago
Nasdaq's private market subsidiary is looking to introduce private IPOs in the US, allowing companies to hold auctions for stakes, providing VCs and private equity firms with new options to realize their portfolio value. With increasing interest in alternative liquidity solutions due to challenges in traditional IPO markets, Nasdaq Private Market is in talks with major firms and aims to initiate private IPOs in late 2024, offering structured liquidity windows for investors and firms. Backed by banks like Goldman Sachs and Citigroup, the platform has seen substantial private trades and employee liquidity interests returning post-pandemic.
Source: YAHOO