Nasdaq unit explores private IPOs for startup stakes

Nasdaq Private Market is having conversations with several large VC and private equity firms about providing them with opportunities to divest stakes in portfolio companies at regular intervals, as the market for IPOs isn’t yet fully open. — Bloomberg

NEW YORK: Nasdaq Inc’s private market subsidiary is seeking to be the first in the United States to offer companies the option of holding so-called private initial public offerings (IPOs), giving venture capital (VC) and buyout firms more options to realise the value in their portfolios.

Nasdaq Private Market is having conversations with several large VC and private equity (PE) firms about providing them with opportunities to divest stakes in portfolio companies at regular intervals, as the market for IPOs isn’t yet fully open.