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.

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:
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