In late 2008 Secondmarket launched it’s website, and now is the largest centralized marketplace and auction platform for illiquid assets, such as auction-rate securities, bankruptcy claims, collateralized debt obligations, limited partnership interests, private company stock, residential and commercial mortgage-backed securities, restricted securities and block trades in public companies and whole loans. SecondMarket’s online auction platform has over 5,000 participants, including global financial institutions, hedge funds, private equity firms, mutual funds, corporations and other institutional and accredited investors that collectively manage over $1 trillion in assets available for investment.
Secondmarket creates a solution for companies that need to create liquidity in illiquid markets.
For example, what if you were interested in buying Facebook shares? You couldn’t do this via the public exchanges, but if you were an institutional buyer, you could go to Secondmarket’s website and review available financial and operational information to decide if buying pre-IPO Facebook was a good investment.
To download the SecondMarket Overview brochure, click here.
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