Business Is Up At SecondMarket
SecondMarket started dealing in private company shares on April 23, and after a slow start -- 15 or 20 transactions in the first four months, with around $20 million in securities changing hands -- saw business take off in the last part of the year. Since September over $100 million in shares have been traded, according to managing director Adam Oliveri, and $320 million worth of shares are now listed for sale. Some of these shares are from top private companies --not companies whose shares investors may want to get rid of -- and they're being traded by top venture firms that traditionally invest in later stage startups.
24 December 2009•2 mins read
