SecondMarket
Secondary buyers are watching Airtime
August 6, 2012: 10:07 AM ET
Looking at the past 6 months of private secondary activity.
FORTUNE -- Private secondary trading platform SecondMarket this morning released data for the first six months of 2012. Some highlights:
* Average company trading on SecondMarket was 7 year-old, had 200 employees and a private market cap of $329 million.
* Nearly half of the liquidity events came from gaming companies, followed by consumer web (21.5%), education (15.3%) and financial services (10.9%). Looks like life sciences still can't make a secondary dent.
* Hedge funds represented nearly half of buyers (47.9%), followed by family offices (21.5%) and asset management firms (15.3%). Private equity firms came in at less than half a percent.
* Video chat startup Airtime was the second quarter's top "rising star" – the VC-backed startup with the largest quarterly increase in total "watchers" on the SecondMarket platform. The rest of the top 5 were Warby Parker, Stripe, Factual and Nest.
* The second quarter's most-watched community banks were Lubbock National Bank, Team Capital Bank and North Jersey Community Bank.
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Post-Facebook: What do private secondary traders want?
With Facebook going public, the private secondary markets move on.
With the secondary private markets about to lose their cash cow, I was curious as to what companies might be able to (partially) fill the void. So I rang up SecondMarket, which last Friday laid off around 10% of its 150-person workforce in preparation of the Facebook IPO. The exchange wouldn't divulge trading data on private companies, but did provide a MORE
Dan Primack - Apr 3, 2012 9:26 AM ET -
What were Groupon's private trade prices?
Groupon's private pricing data will remain private.
SecondMarket has a standard policy about disclosing the prices at which companies trade on its private market exchange: They remain private under wraps until after the company in question goes public.
For example, when LinkedIn (LNKD) went public earlier this year, SecondMarket immediately disclosed data from the prior 12 months of private trading activity in LinkedIn shares.
We had expected to see the same thing today for Groupon MORE
Dan Primack - Nov 4, 2011 10:20 AM ET -
What's the deal with Groupon and SecondMarket?
New details on Groupon's unlikely IPO partner.
Private stock exchange SecondMarket is selling shares in the upcoming Groupon IPO to its clients, according to Reuters.
The story says that a SecondMarket executive recently emailed "potential investors... who previously traded through the firm to see if they were interested in buying Groupon shares... SecondMarket will be working with Morgan Stanley, one of the top underwriters on the Groupon IPO, as a member of the MORE
Dan Primack - Nov 1, 2011 12:09 PM ET -
Exclusive: New stock rules proposed
Private companies may be allowed to stay private longer.
Congress may soon change the law that is compelling Facebook to go public in early 2012, Fortune has learned.
Reps. David Schweikert (R-AZ) and Jim Himes (D-CT) are among those who plan to introduce a bill that would amend the Securities Exchange Act of 1934. According to a draft copy, it would:
1. Expand the so-called "500 shareholder rule" to 1,000 shareholders. This rule currently MORE
Dan Primack - Jun 14, 2011 6:26 AM ET -
Private equity firms are now for sale
Buyout firms looking to cash in on their brand equity have either gone public or sold shares to a sovereign wealth fund. Now, there's an alternative.
PIMCO boss Mohamed El-Erian last week confirmed reports that firm employees were buying and selling equity via SecondMarket, the private online marketplace for alternative assets. Now it seems that PIMCO is just the tip of a much larger iceberg.
Jeremy Smith, chief strategy officer for SecondMarket, tells MORE
Dan Primack - Apr 4, 2011 12:34 PM ET -
PIMCO chief: Yup, our equity trades on SecondMarket
PIMCO boss Mohamed El-Erian was in Times Square this morning, for a wide-ranging interview with Reuters editor-at-large Christa Friedland. Lots of talk about Japan, Greek tragedies and the like.
Outside reporters were allowed in the door, but Reuters HQ is a couple hundred miles south of my current location. Too bad, because I wanted to ask El-Erian about a New York Observer report that PIMCO equity had begun quietly trading on SecondMarket, MORE
Dan Primack - Mar 31, 2011 11:12 AM ET
