SecondMarket Partners With StockTwits®
Leading private company stock market collaborates with financial
idea network to allow real-time conversations about hot start-ups to be
viewed on SecondMarket
NEW YORK--(BUSINESS WIRE)--SecondMarket,
the largest secondary market for private company stock, and StockTwits®,
an open, community-powered idea and information service for investments,
announced today a collaboration that allows SecondMarket?s participants
to view StockTwits®? real-time stock conversations about the
leading private companies on the SecondMarket platform.
?This is an exciting collaboration for us?
SecondMarket?s private company stock market allows shareholders of high
growth, venture-backed private companies to sell their shares prior to
an IPO or M&A transaction. The StockTwits® live feed will
stream into the hundreds of private company information pages that are
available on the SecondMarket platform, allowing SecondMarket
participants to follow the real-time conversations.
?We are excited to deliver to our close-knit financial community at
StockTwits® the capability to comment on an entire network of
private companies,? said StockTwits® CEO Howard Lindzon.
?What sets StockTwits® apart is the ability to offer
unparalleled financial tools and resources to our community, and this
collaboration with SecondMarket will allow StockTwits®? users
to become more educated participants in the private company market.?
?This is an exciting collaboration for us,? said SecondMarket Founder
and CEO Barry Silbert. ?Adding real-time dialogues about private
companies to our platform provides an important mechanism to enhance the
user experience, while also providing additional information to allow
our buyers and sellers to make more informed investment decisions.?
This is the first step in developing an ongoing relationship between
StockTwits® and SecondMarket. StockTwits® is
incorporating SecondMarket?s proprietary private company ticker symbols
into the StockTwits® database. As SecondMarket expands its
universe of private company information pages and corresponding ticker
symbols, StockTwits® will also add those companies into its
system. SecondMarket currently tracks nearly 500 of the leading
start-ups around the world.
SecondMarket has completed $300 million in transactions in some of the
world?s leading venture-backed private companies. In addition to private
company stock, several other asset classes are traded on SecondMarket,
including limited partnership interests in private equity and real
estate funds, structured products (ARS, ABS, MBS and CDOs), whole loans,
bankruptcy claims and restricted securities in public companies. More
than $30 billion in assets are currently available for sale on
SecondMarket. It is free to access SecondMarket.
About SecondMarket
Founded in 2004, New York-based SecondMarket is the largest secondary
market for illiquid assets, including private
company stock, limited
partnership interests, auction
rate securities, bankruptcy
claims, collateralized
debt obligations, residential and commercial mortgage
backed securities, asset
backed securities, warrants/restricted
stock and whole
loans. SecondMarket has over 15,000 participants, including global
financial institutions, regional and community banks, hedge funds,
private equity firms, mutual funds, corporations and other institutional
and accredited investors. SecondMarket?s investors include FirstMark
Capital, New Enterprise Associates (NEA), SVB Financial Group (Nasdaq: SIVB),
the Li Ka-Shing Foundation and Dunearn, a subsidiary of (Singapore)
Temasek Holdings. SecondMarket is a registered broker-dealer (Member
FINRA, MSRB and SIPC). For further information, please visit www.SecondMarket.com.
Follow us on Twitter: twitter.com/secondmarket
About StockTwits
StockTwits® is a real-time, trusted community-powered
financial idea network. Users can eavesdrop live on traders and
investors, or contribute to the conversation and build their reputation
with their own savvy market updates. With premium content from the
StockTwits® financial blog network, StockTwits®
TV, and financial data products from the StockTwits® Store,
no one brings you more raw, real-time trusted financial ideas than
StockTwits®. For more information, visit www.StockTwits.com.