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Nasdaq Private Market Sets New Transaction Record in the First Half of 2019

35 private company-led transactions and $2.3 billion in transaction value completed

Facilitated single-largest transaction by number of eligible sellers

NEW YORK, July 23, 2019 (GLOBE NEWSWIRE) -- The Nasdaq Private Market, LLC (NPM), a leading provider of liquidity solutions for today’s private securities, has published its Mid-Year Private Company Report, which summarizes private company liquidity activity on the NPM platform for the first six months of 2019. The NPM team facilitated 35 private company-sponsored secondary transactions – a new record high for the period – with total transaction value of $2.3 billion.

“We are excited to see that secondary market activity for private companies on the NPM platform set another record,” said Eric Folkemer, Head of Nasdaq Private Market. “Despite a large number of VC-backed companies going public in the first half of the year, executives at private companies of all sizes and valuations continue to see the long-term value in prioritizing liquidity strategies for the benefit of all stakeholders, be it an investor or employee.”

Additional findings from the report include:

  • Seller milestone: NPM facilitated the single-largest transaction by number of eligible sellers on its platform during the period: approx. 4,500 sellers, comprising founders, management, employees, and investors.
  • Pre-unicorn companies drive transaction volume: Companies with a valuation of less than $1 billion accounted for the majority of NPM transactions during the period (58%), signaling that controlled liquidity programs continue to be deployed as a way to recruit, retain, and reward private company employees earlier in their corporate lifecycle.

Since its inception in 2013, NPM has facilitated 287 programs for private companies, which includes 73 unicorns – or companies who have achieved a $1 billion valuation while private – facilitating $22 billion in transaction value*, and supporting 33,185 shareholders to deliver technology and secondary market expertise to more private companies than ever before.

To download a copy of the 2019 Mid-Year Private Company report, visit www.npm.com.  

* Activity since 2013 with valuation data aggregated from PitchBook and the NPM and SecondMarket platforms.

About The Nasdaq Private Market, LLC

The Nasdaq Private Market, LLC (NPM) is a premier liquidity provider to private companies. Whether a company seeks to optimize an eventual IPO or remain private permanently, NPM provides comprehensive technology and capital market support to meet its needs. For certain eligible investors, NPM is a place to engage with some of the most exciting private companies. The information contained herein is provided for informational and educational purposes only. None of the information provided is an offer or solicitation to buy or sell any securities, or to provide any legal, tax, investment or financial advice. Investing in private company stocks is speculative and involves a high degree of risk. You must be prepared to withstand a total loss of your investment. You are strongly encouraged to complete your own independent due diligence before investing in private company stock, including obtaining additional information, opinions, financial projections, and legal or other investment advice. The Nasdaq Private Market, LLC is not: (a) a registered exchange under the Securities Exchange Act of 1934; (b) a registered investment adviser under the Investment Advisers Act of 1940; or (c) a financial or tax planner, and does not offer legal advice to any user of the Nasdaq Private Market website or its services. Technology services may be offered by The Nasdaq Private Market, LLC’s subsidiary, SecondMarket Solutions, Inc. Securities-related services are offered through NPM Securities, LLC, a registered broker-dealer and alternative trading system, and SMTX, LLC, a registered broker-dealer, each of which is a member FINRA/SIPC and wholly-owned subsidiary of the Nasdaq Private Market, LLC. Transactions in securities conducted through NPM Securities, LLC or SMTX, LLC are not listed or traded on The Nasdaq Stock Market LLC, nor are the securities subject to the same listing or qualification standards applicable to securities listed or traded on The Nasdaq Stock Market LLC. Data collected from the SecondMarket platform may include transactions conducted through current and former affiliates of SecondMarket. To learn more, visit www.npm.com.

About Nasdaq

Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 100 marketplaces in 50 countries. Nasdaq is home to approximately 4,000 total listings with a market value of approximately $14 trillion. To learn more, visit: https://new.nasdaq.com.

Media Contact:

Will Briganti
Nasdaq Private Market
(646) 964-8169
william.briganti@nasdaq.com

© 2019 Nasdaq, Inc. The Nasdaq logo and the Nasdaq ‘ribbon’ logo are the registered and unregistered trademarks, or service marks, of Nasdaq, Inc. in the U.S. and other countries.  All rights reserved. This communication and the content found by following any link herein are being provided to you by Nasdaq, Inc. and/or certain of its subsidiaries (“Nasdaq”), for informational purposes only. Nasdaq makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. At the time of publication, the information herein was believed to be accurate, however, such information is subject to change without notice. Nothing herein shall constitute a recommendation, solicitation, invitation, inducement, promotion or offer by Nasdaq for the purchase or sale of any investment product, nor shall this material be construed in any way as investment, legal, or tax advice or as a recommendation, reference, or endorsement by Nasdaq.

-NDAQG-

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b7eaca57-4d47-4c57-a902-64b8f2bbd29e

NPM Transaction Flow: 2016-2019

Chart detailing NPM transaction flow since 2016
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