Nasdaq Links Up With Banks To Spin Off Its Market For Pre-IPO Shares
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While still reserved for the caviar crowd — accredited investors that meet a high standard in net worth or income — marketplaces for pre-IPO shares are on fire. And now a major exchange operator is looking to capitalize on the trend.
In a deal announced Tuesday, Nasdaq will collaborate with a group of banks to spin out its trading platform for pre-IPO shares, called Nasdaq Private Market. The move could draw even more transactions to Nasdaq's marketplace for shares of private firms.
Source Fool.com
