Crowdfunding Platform To Start A Secondary Trading Market

Trading Tuesdays is coming to the British equity crowdfunding platform Seedrs.

The site is about to launch a restricted secondary market that will start in phases.

The first phase will permit a weekly market where only investors in particular companies will be able to buy and sell those companies’ stocks on Tuesdays.

And the price will be based on a valuation by Seedrs that will account for additional fundings and other matters, ie, a “fair price.” The fair price will assist the company in offering secondary rounds.

Permitting early backers to get some liquidity after a time will help increase the ability to re-invest in other startups.
https://techcrunch.com/2017/05/07/equity-crowdfunding-platform-seedrs-to-launch-secondary-market/?ncid=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Broker dealers, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Film, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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