What the inevitable ‘publicizing’ of private markets means for investors and exchanges
As markets for trading stock in privately-held companies become more prevalent and exchange-like, and potentially attract more investors, Max questions what impact this will have on fully-fledged exchanges and their offerings.
There is growing demand from investors—individual and institutional—to bring exchange-style trading to privately-held stocks and open up these opaque markets to a broader base of participants beyond venture capitalists and the few brokers and “accredited investors” in a position to take advantage of private companies’ pre-IPO growth stages.
Recently, I spoke to some of the protagonists in this space about what this movement could ultimately create for investors in terms of new marketplaces and
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