The Nasdaq Private Market will provide a platform for buying and selling private company shares.
Nasdaq OMX and SharesPost will join to create a new exchange that will allow accredited investors to buy private-company shares.
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On January 3rd SecondMarket, a broker-dealer in private-company shares, said it had been asked by the SEC for data about pooled investment funds formed to buy private-company stock precisely the kind of vehicle that Goldman has in mind for would-be Facebook investors.
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She was not convicted of any wrongdoing at her own company, but of lying about a private sale of shares in a biotech company.
Adam Oliveri, managing director of New York-based SecondMarket, a company that helps early employees and investors in Facebook trade shares of the private company, said such trading continues and that he didn't expect the suit would have much impact on such deals.
For example, the law stated that the politicians must not hold any shares in a private company.
The new venture will offer early investors, founders and employees of private companies a platform to buy and sell company shares.
Yet it is now turning itself from an international organisation into a private company, and will itself probably list its shares shortly.
Felix Investments, a firm that purchases private shares of companies, sued private-company exchange SecondMarket Holdings Inc. in a state court in Manhattan earlier this month over what it says was a botched Facebook transaction.
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Several generations before, the family had sold its private coal mine in exchange for shares of the coal company.
Mr. Kerzner cashed out some of his shares and rolled over the rest into the newly private company, people familiar with the deal say.
However, the company has come under scrutiny from regulators investigating the market for private shares.
The reports produced by analysts can influence the decision of City professionals and private investors as to whether to buy or sell shares in a particular company.
On valuation, people always seem to be overly enamored with market value, which has puzzled me because as a private company, there is no liquid market on which to buy and sell shares, so a valuation is established without any degree of market efficiency.
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The new investment fund is independent of the government and 60% of its shares are owned by the Big Society Trust, a private limited company comprised of executives from social, business and government roles.
But the company can't stop former employees, early advisers or private investors who own shares from selling them.
He is planning to buy the remaining shares in order to take the firm private, ending 25 years as a listed company on the Nasdaq.
He and his wife emerged with a private foundation, a remainder trust and one lead trust with shares in a family limited liability company, plus two more that spring into being on the death of the surviving spouse.
Last year, Yahoo shares surged 12 percent on the news that another big media company was exploring a private equity-backed takeover bid.
Petrobras became a world-beater in offshore drilling only after two-fifths of its shares were floated on the stock exchange and it began to act more like a private company.
In January, US private equity firm General Atlantic LLC bought secondary shares of Kaspersky, making it the second largest shareholder in the company behind Mr. Kaspersky himself.
Dulce also own shares in Dasa, the largest chain of laboratories in Latin America and Totalcare, a private holding company that manages direct investments in hospitals in Rio de Janeiro and Sao Paulo.
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