Nasdaq’s acquisition of SecondMarket unveiled on Thursday will consolidate a big part of the secondary market for private tech shares in one brokerage firm. At the same time, though, it signals that brokers in the private tech market are specializing in different areas, which shows that the market is maturing.
Private Tech’s New Liquidity Men
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“There’s less and less reason now for companies to go public,” said Greg Brogger, CEO of SharesPost.