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Nasdaq Private Market (NPM) provides a technology-enabled approach to completing complex tender offers and company repurchases. We recently partnered with Klaviyo on their first tender offer and the Klaviyo team stopped by the Nasdaq studio to talk about it. Watch the video:
NPM helps your company address shareholders' liquidity needs with greater administrative ease through our modern secondary technology, comprehensive regulatory framework, and ecosystem of institutional buyers. Our team supports program participants throughout the entire liquidity event, from onboarding through cash settlement.
Benefits of Partnering with NPM
Customized Platform Environment
Our customizable platform is a single, end-to-end solution, enabling our clients to set parameters that are flexible in accordance with the company’s liquidity goals.
Our streamlined platform ensures confidentiality and can be configured with program-specific NDA parameters. Clients can monitor activity in real-time with easy access to documents and reports.
NPM has completed more than 350 programs since its inception in 2013, which have honed our experience on what clients need from a secondary program provider: knowledge of cutback rules, eligibility requirements and restrictions, and the most common ways to structure different transaction types.
Access to the NPM Buyer Network
Access our growing pool of institutional buyers carefully vetted and actively seeking secondary investment opportunities.
Greater Efficiency & Enhanced Execution
Our easy-to-use technology provides a simplified operational process, with a shorter timeframe from the start of a liquidity program through settlement.
Competitive Price Discovery
Leverage the NPM Buyer Network to drive competitive price discovery from a set of sophisticated purchasers.
Nasdaq Private Market End of Year Report 2020
2020 Mid-Year Private Company Report
2019 Secondary Market Retrospective Infographic Download 2019 Secondary Market Retrospective Infographic
Secondary Market 2019 Retrospective
4 Questions to Ask Before Launching a Liquidity Program Download 4 Questions to Ask Before Launching a Liquidity Program
State of the Market: What Private Companies Need to Know Download State of the Market: What Private Companies Need to Know
The Nasdaq Private Market Buyer Network Download The Nasdaq Private Market Buyer Network
2019 Mid-Year Private Company Report
NPM 2018 Year-End Retrospective
Nasdaq Private Market Insights and News
Related Private Company Solutions
FOR SECONDARY AUCTIONSKey Features
Private Company Secondary AuctionsNPM's secondary auctions provide private companies with price discovery as well as potential shareholder involvement.
- Competitive Price Discovery
- Customizable Auction Parameters
- Time to Liquidity
FOR ONE-OFF SALESKey Features
Block TradesLeverage NPM's flexible technology and operational excellence to offer secondary capital with block trades.
- Liquidity Source for Early Investors
- Active Buyer Network Access
- Competitive Price Discovery
FOR CORPORATE SOLUTIONSKey Features
Option Extensions, RSU Liquidity & 701 DisclosuresNasdaq Private Market provides corporate support to private companies to help facilitate secondary liquidity.
- End-to-End Technology
- Trusted Intermediary
- Employee Incentive Programs
2 Weeks: Setup
Our team works with the Company to understand its program needs, communicate details to shareholders and review the transaction platform prior to launch.
4 Weeks: Launch & Live
The NPM platform and designated account managers assist shareholders through the tender submission and e-signature process, while the Company can monitor the offering status through a live dashboard and view reports on transaction milestones.
2 Weeks: Settlement
Once the offer period ends and tenders can no longer be withdrawn, our technology platform will collect and allow company to review shareholder information and electronic signatures before NPM's Paying Agent facilitates closing and settlement.