Company-run liquidity infrastructure
Nasdaq Private Market
Best known for administering company-run tender offers on behalf of the company itself.
Typical minimum
Access is usually by invitation, tied to a specific company's tender
Best for
Shareholders (and invited outside investors) participating in a specific company's official liquidity program.
About Nasdaq Private Market
Nasdaq Private Market (NPM), operated by Nasdaq, specializes in structuring and administering company-run liquidity events — most commonly tender offers, where a company invites its own existing shareholders to sell a defined amount of stock at a set price within a defined window.
Because the company itself sanctions and organizes the process, the usual friction points of a private secondary sale — right of first refusal, company consent, price discovery — are typically pre-resolved by the structure of the tender itself.
How it works
A company works with NPM to design a tender offer: set price, eligible participants, election window, and a cap on how much stock each shareholder may sell. NPM's platform handles the administrative mechanics — subscription documents, funds movement, and closing.
Access is generally by invitation tied to a specific company's program, not open browsing across many companies the way a typical marketplace works — you can't simply sign up and shop for pre-IPO shares the way you can on an open marketplace.
Every platform in this directory requires accredited investor status, and every listing carries the same underlying risks: limited information rights, no board access, and illiquidity that can last years. None of this is investment advice — verify current fees, minimums, and available listings directly on the platform, and treat any specific opportunity with the same diligence you'd apply to a primary investment.