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Private Tech Prices Jump in Secondary Market

A SpaceX launch in Cape Canaveral, Fla., on June 3. Photo by Associated Press (Bill Ingalls/NASA via CNP).

Shares of many large private technology companies have seen a run-up in prices and trading activity this year on the secondary markets, brokers say, rebounding from a sluggish 2016.

Fueling the surge in the secondary markets, in which employees and early investors of a private company sell their shares, is growing interest from institutional and overseas investors, who are encouraged by the same macroeconomic conditions that have lifted the public markets in the past year. Even after a two-day sell-off, the S&P 500 tech sector is up 31% in the last 12 months.

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