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The emergence of secondary exchanges has allowed employees to sell shares before companies go public.
In recent years, so-called secondary exchanges like SecondMarket have developed on which trading in private companies takes place.
Second, the committee rejected any suggestion to auction the tickets in highest demand or to allow secondary exchanges above face value.
When investors want to cash out, they have to trade the stakes - just as early owners of Facebook have sold some shares on secondary exchanges.
In the last few weeks, the company has curbed trading on secondary exchanges, where its private shares are traded, and pushed ahead on regulatory disclosures.
I still think there are some cultural dangers to secondary exchanges that we haven't seen the full ramifications of yet.
Similar(49)
A foreign listing is where the domicile of the primary exchange (or the secondary exchange for dual listings) differs from the listed company domicile.
However, it would not be surprising to see several high-profile names pursue their much-anticipated IPOs if market conditions remain strong. 1 A foreign listing is where the domicile of the primary exchange (or the secondary exchange for dual listings) differs from the listed company domicile.
The platform has a secondary exchange which allows users to sell their investments via the platform whenever they want.
(As an aside, Funderbeam, another equity crowdfunding platform with a secondary market, is solving the accountability problem of a secondary exchange by employing Blockchain technology).
In January 2011, SharesPost Inc. valued Facebook at $82.9 billion on the secondary exchange.
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