Will the unlisted market work?

DETAILS of the workings of the market or platform for unlisted securities are finally out, but will such a concept work?

Critics are quick to point out that there are a few reasons why it won’t: firstly, the unlisted market, or ULM in short, will likely have limited amount of trades, considering that it involves the trading of equity in smaller and early stage companies. For example, how many trades will a venture capitalist make in a company it is investing in? Probably once a year, and that too after a thorough due diligence.