Skip to main content

Platform for UNLISTED SHARES in the US


Nasdaq OMX Group Inc (NDAQ.O) will form a marketplace for trading in shares of unlisted companies in a joint venture with small trading platform SharesPost Inc, tapping into increasing investor interest in private firms , in an effort to capitalize on the need for liquidity among companies that shun IPOs.
Specific terms of the transaction were not disclosed, but the companies said Nasdaq will retain a majority stake in the new pre-IPO market.
Dubbed the Nasdaq Private Market, the exchange is expected to launch later in 2013 and aims to provide another avenue for employees and early investors of still-private companies like Twitter and Pinterest to cash out.
“The support of entrepreneurs is a fundamental element of our DNA,” Bruce Aust, executive vice president of Nasdaq, said in a statement. NPM will “provide private companies additional flexibility as they plan for their future and, at the same time, bring the investment community unique opportunities.”
The companies said NPM, which will be open to all broker-dealers, will offer a “complete, end-to-end solution” that will allow a private company “to control the marketplace for its shares.” They also note that “an increasing number of companies are choosing to remain private longer,” requiring a need for an efficient marketplace.
SharesPost has already gained attention as a web-based pioneer in the private exchange industry that services pre-IPO companies and employees, including Facebook (FB) before its May 2012 debut on Nasdaq.
NPM will be based in San Francisco and led by SharesPost founder Greg Brogger as its president. The companies said SharesPost’s broker dealer and RIA businesses will continue to operate separately from this new venture.
Nasdaq “has a long history of pioneering capital markets solutions for companies and creating more efficient markets," said Brogger. "Its dedication to that mission, and SharesPost's best-in-class trading platform, will create a new kind of private market and will help NPM solve the critical challenges facing today's private companies.


Sandip Ginodia
We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .


For more info and regular updates about unlisted shares and the stock market :
Follow our blog : www.abhisheksecurities.blogspot.in .
Like us on facebook : www.facebook.com/abhisheksecurities1 


Labels:

Comments

Post a Comment

Please leave your name and email id along with the comment .
Get the updates from this blog direct to your inbox . Fill in your email id on the home page.

Popular posts from this blog

HDFC Life inks distribution tie-up with Catholic Syrian Bank

HDFC Life  has entered into a  bancassurance  (the selling of life assurance and other insurance products and services by banking institutions) tie-up with Catholic Syrian Bank to distribute its individual life insurance products to the private lender’s customers. HDFC Life will offer its leading range of individual life insurance, health and pension products to the Catholic Syrian Bank’s  1.5 million  customer base across all its branches over a period of time. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD | ABHISHEK SECURITIES We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com
1 comment
Read more

Stock broker SMC Global files for IPO

F inancial services company SMC Global Securities has filed draft red herring prospectus with SEBI for public issue of 1,58,67,380 equity shares of face value of Rs 2 each. The issue comprises a fresh issue of 79,33,690 equity shares by the company and an offer for sale of 79,33,690 shares by Millennium India Acquisition Company Inc. As of September 30, 2012, "We service our broking clients through a network of 43 branches and 2,521 registered sub-brokers and authorized persons spread in more than 500 cities and towns. We have also established an office in Dubai for brokerage and trading activities in that region," the company said. SMC has reported a loss of Rs 0.42 crore and total revenues of Rs 292.24 crore in the year ended March 31, 2012. "The proceeds of the fresh issue shall be utilised for margin maintenance with stock exchanges; part repayment of term loan; investments into subsidiary, SMC Comtrade; and general corporate purposes," according to p...
10 comments
Read more

NBI Industrial Finance Limited

NBI Industrial Finance Limited , Strand Road, Kolkata-700001 NBI Industrial Finance Limited was originally incorporated in Lahore in 1935 as The New Bank of India Limited. Dr. Ganeshi Lal Aggarwal and Mr. Kohli were the original promoters. After 1947 the Registered office was shifted to New Delhi. To provide for the losses due to partition the face value of the share was reduced from Rs. 10 to Rs. 5 . Later, The New Bank of India Ltd. was nationalised. Most of the non promoter shareholders took cash compensation. The Registered Office of the Company was shifted from Connaught Place, New Delhi to Strand Road , Kolkata. The share's face value was consolidated to Rs. 10. Share Capital : Rs. 1 cr 12 lakh Reserves : Around Rs.11 cr  NBI Industrial Finance Company is , now , the investment holding Company of Bangurs ( Benu Gopal Bangur of Shree Cement group ). They were the promoters of New Bank of India at the time of nationalisation. As the Company has holding of Shree Cement Ltd. it...
8 comments
Read more