NASDAQ Private Market Acquires SecondMarket
Summary
As part of this acquisition, the entire SecondMarket team will be joining NASDAQ Private Market with Bill Siegel, Former SecondMarket CEO, becoming Now Head of NASDAQ Private Market.Founded in 2004 by Barry Silbert, SecondMarket provides solutions for streamlining private securities transactions.An affiliate of SMTX, LLC, a registered broker-dealer and member of FINRA and SIPC, the company was backed by FirstMark Capital, The Social+Capital Partnership, Li Ka-shing Foundation, Temasek Holdings, New Enterprise Associates (NEA) and Silicon Valley Bank.The company and technologies will be integrated into NASDAQ Private Market, serving customers worldwide with bicoastal headquarters in New York and San Francisco.The addition will bring increased opportunities to private company customers, including expanded member benefits, equity management solutions via the ExactEquity™ platform and access to Nasdaq’s corporate solutions offerings.
Classifications
AskAI Classifications
LabelsLinked Companies
