issues . please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages a major contributor to this article appears to have a close connection with its subject . it may require cleanup to comply with wikipedia s content policies particularly neutral point of view . please discuss further on the talk page . march 2012 learn how and when to remove this template message this article may require cleanup to meet wikipedia s quality standards . no cleanup reason has been specified . please help improve this article if you can . august 2010 learn how and when to remove this template message learn how and when to remove this template message secondmarket inc. type private industry finance and marketplaces founded 2004 as restricted stock partners inc. founder barry e. silbert headquarters new york city usa area served worldwide key people barry e. silbert founder chairman & ceo products marketplace services financial data number of employees 100 2009 website www.secondmarket.com nasdaq private market is an american saas company that provides transaction software to private companies and investment funds looking to do tender offers or share buybacks . the company also has a trading business arm for buying and selling illiquid assets including auction rate securities bankruptcy claims limited partnership interests private company stock restricted securities in public companies structured products and whole loans . in the early days of the company a major source of business came from its platform for trading shares of facebook and other in demand startups . 1 secondmarket solutions changed its name to nasdaq private market after being acquired by nasdaq in a joint venture with sharespost . in october 2015 nasdaq took full ownership of nasdaq private market . 2 prior to using the name secondmarket the company was known as restricted stock partners inc. contents 1 history 2 markets trading on secondmarket 2.1 restricted securities in public companies 2.2 bankruptcy claims market 2.3 limited partnership interests market 2.4 structured products 2.5 whole loans 2.6 private company stock market 2.7 government ious 2.8 bitcoin 3 see also 4 references 5 external links history edit secondmarket was founded in 2004 by barry silbert to provide liquidity for restricted securities in public companies . beginning in early 2008 secondmarket expanded into other asset classes first auction rate securities then bankruptcy claims limited partnership interests structured products mbs cdo abs 3 whole loans private company stock government ious and bitcoins . 4 5 in 2007 the company raised an undisclosed amount of series a financing from venture capital firm pequot ventures . 6 in february 2010 the company raised us 15 million in series b funding to aid its expansion into asia . 7 in november 2011 the company announced that they had closed a us 15 million series c round led by the social capital partnership . 8 the last round of investment valued secondmarket at us 200 million up from a valuation of about us 150 million set in the previous round in february 2010 . 9 the world economic forum listed the company as a technology pioneer for 2011 . 10 the firm s private company transactions totaled 100 million in 2009 and 400 million in 2010 . secondmarket takes fees from 3 to 5 percent on each trade split evenly between buyer and seller . in march 2011 it had 53 000 registered participants up from 35 000 in 2010 6 500 in 2009 and 2 500 in 2008 . 11 in 2015 nasdaq acquired second market solutions which was a competitor to nasdaq s private market initiative . 12 nasdaq rebranded second market solutions as nasdaq private market . markets trading on secondmarket edit restricted securities in public companies edit restricted securities secondmarket s initial market utilizes privately negotiated transactions to provide access to liquidity in the trillion dollar restricted securities market . 13 14 bankruptcy claims market edit secondmarket entered into the bankruptcy claims market in june 2008 by acquiring trade receivable exchange inc. t rex of denver at the time the largest online auction platform serving the bankruptcy trade claims market . 15 limited partnership interests market edit in february 2009 secondmarket opened its marketplace to limited partnership lp interests which are ownership rights in investment entities such as private equity funds real estate funds hedge funds and fund of funds . through this market current limited partners are able to transfer future capital commitments to other investors . 16 structured products edit in april 2009 secondmarket opened the collateralized debt obligation cdo and mortgage backed security mbs markets . 17 whole loans edit launched in april 2009 17 secondmarket s whole loans market facilitates transactions in residential commercial and specialty loan types . secondmarket transacts in both performing and non performing individual loans as well as entire loan portfolios . private company stock market edit secondmarket s market for stock in private companies opened in april 2009 and facilitates transactions in both debt and equity securities in private companies . 18 through secondmarket private companies can opt into an organized controlled private environment that offers early investors and employee shareholders exit opportunity prior to an ipo or m & a event . 19 government ious edit secondmarket s government warrant market facilitates transactions in registered warrants ious issued by state governments . when the state of california issued warrants to its creditors in mid 2009 secondmarket opened up a market place to facilitate the trading of government ious . 20 bitcoin edit the bitcoin investment trust bit is a private open ended trust that derives its value solely from the price of bitcoin . secondmarket acts as the custodian and the trust is audited by ernst & young . 4 5 the trust is managed through a subsidiary of secondmarket . 21 secondmarket announced in february 2014 that it planned to open a regulated us based bitcoin exchange . 21 it was planning to spin off a separate company for all its bitcoin activities . 21 see also edit exhilway private capital market campbell lutyens cogent partners probitas partners triago references edit https techcrunch.com 2015 10 22 nasdaq acquires secondmarket to help startups sell shares https techcrunch.com 2015 10 22 nasdaq acquires secondmarket to help startups sell shares secondmarket inc. . businessweek . 2009 12 10 . retrieved 7 december 2009 . a b secondmarket starts first u.s. trust for bitcoin virtual money . bloomberg . 2013 09 26 . retrieved 27 september 2013 . a b secondmarket establishes new bitcoin trust for accredited investors . entrepreneur . 2013 09 26 . retrieved 27 september 2013 . restricted stock partners secures funding from pequot ventures . september 19 2007 secondmarket eyes asia expansion . cnbc . retrieved june 18 2010 . epsom rip 2011 11 01 . former facebook vp chamath palihapitiya invests 15 million in secondmarket joins board . techcrunch . retrieved 2013 04 29 . ante spencer 2011 11 02 . secondmarket gets its own funding . the wall street journal . retrieved 2013 04 29 . thirty one visionary companies selected as technology pioneers 2011 bloomberg markets june 2011 pp. 33 44 . http www.wsj.com articles nasdaq acquires secondmarket profit rises 12 144551164 4 anderson jenny 2005 05 28 . market place ; seeking unlimited success from providing a market for restricted stock . the new york times . retrieved 7 december 2009 . zuill lilla 2007 09 19 . restricted distressed securities get e marketplace . reuters . retrieved 7 december 2009 . press release http www.prnewswire.com news releases restricted stock partners acquires t rex adds bankruptcy claims to online trading platform 57422392.html restricted stock partners acquires t rex check url value help . private equity investors flock to sale platform . financial times . 2009 02 24 . retrieved 7 december 2009 . a b demos telis 2009 04 14 . trading the untradable pays off . cnn money . retrieved 7 december 2009 . with private trades venture capital seeks a new way out . new york times . 2009 04 22 . retrieved 11 january 2010 . how can twitter and facebook employees cash out now . washington post . 2009 06 23 . retrieved 7 december 2009 . california ious set for trade . dbusinessnews . 2009 06 16 . retrieved 11 january 2010 . a b c secondmarket plans regulated bitcoin exchange . reuters . 25 february 2014 . external links edit official website retrieved from https en.wikipedia.org w index.php title nasdaq private market & oldid 734987178 categories internet properties established in 2004privately held companies in the united statescompanies established in 2004privately held companies based in new york cityhidden categories pages with url errorswikipedia articles with possible conflicts of interest from march 2012articles 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