On February 2, according to media reports, the top encryption trading platform Coinbase has chosen to launch transactions on the Nasdaq Private Market, a private equity trading platform. So what are the conditions for financing on this platform? The following is translated from 36 krypton.
according to
according toventurebeatAccording to news, in addition to direct financing through Nasdaq Private Market for unlisted companies, company employees can also submit funds on it.easy companystock. at the same time,Accredited InvestorThe original shares of unlisted companies can be obtained.
This actually means that Nasdaq has joined the field of companies like AngelList, SecondMarket, Crowdfunder, etc., providing companies with public financing channels other than traditional IPOs.
But this does not mean that any company can raise funds on the Nasdaq Private Market like the crowdfunding platforms mentioned above. Certain conditions must be met: the company must have raised at least US$30 million in the past two years, or the valuation has exceeded US$50 million. million and must achieve a net profit of $750,000 per year.
In fact, this also provides another option for companies that want to go public. They can flexibly consider whether they need to go public or directly raise funds on the Nasdaq Private Market.
This is not the first time that Nasdaq has tried to enter the private stock trading market. As early as May 2011, it launched a platform for financing early-stage startups, BX Venture Market. In 2007, Nasdaq also launched a Unregulated platform Portal Market, but neither was successful.
The reason why Nasdaq Private Market has attracted more attention is precisely becauseJOBS ActThe approval of the 2019-2019 approval changed the limit of 500 shareholders to 2,000 when listed companies disclosed their financial reports, which also prompted private stock exchanges in the secondary market.changeablemore feasible.
What companies preparing to go public do not need to worry about is that even if they have raised funds on the Nasdaq Private Market before going public, they can freely choose their own listing exchange even after an IPO, and will not be tied to Nasdaq . This is also in light of Nasdaq's trading glitches in Facebook's listing (Twitter chose the NYSE over Nasdaq for its IPO last year).
