The Secondary Market: Explained
What happens when people want to invest in private companies?
The market for private company stocks, aka the secondary market, is on track to hit $64 billion this year, up 40% from last year. The growth is partly due to the reluctance of many startups to go public, like SpaceX, OpenAI and Stripe.
But are these sales legit?
History
The secondary market has always been “like the Wild West.”
Before Facebook went public, …
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