PEINVEST
Nasdaq Private Market
ActiveInstitutional-grade private market by Nasdaq with tender offers, auctions, and block trades for QIBs.
4.60
FINRA MemberSEC RegisteredReal-Time Pricing
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Last updated: 2026-01-23
Nasdaq Private Market Overview
Nasdaq Private Market (formerly SecondMarket) is the institutional-grade private securities platform backed by the Nasdaq exchange. The platform focuses exclusively on qualified institutional buyers (QIBs) and offers sophisticated trading mechanisms including tender offers, auctions, and block trades.
Institutional Focus
- •Qualified Institutional Buyers (QIBs)
- •Corporate clients managing liquidity programs
- •Private companies seeking controlled secondary activity
Trading Mechanisms
The platform offers multiple transaction types:
Tender Offers Company-sponsored buyback programs where employees can sell shares at predetermined prices.
Auctions Dutch auctions for price discovery in less liquid securities.
Block Trades Large negotiated transactions between institutional parties.
Nasdaq Integration
- •Access to Nasdaq's technology infrastructure
- •Regulatory expertise from public markets
- •Potential pathway to IPO listing
Pros
- +Backed by Nasdaq exchange
- +Institutional-grade infrastructure
- +Multiple trading mechanisms
- +Strong regulatory compliance
- +Corporate liquidity programs
Cons
- −QIB-only access
- −High minimums ($100K+)
- −Limited retail investor access
- −Complex onboarding process
Best For
- Institutional investors
- Qualified Institutional Buyers
- Corporate treasury departments
- Large family offices
Key Features
Tender offer capabilitiesDutch auction systemBlock trade facilitationNasdaq technology backboneCorporate liquidity solutions
Notable Companies Available
DockerStravaHopperVarious Fortune 500 subsidiaries
Frequently Asked Questions
What is Nasdaq Private Market and how does it work?
Nasdaq Private Market is a pre-ipo platform founded in 2013 and headquartered in New York, NY. Institutional-grade private market by Nasdaq with tender offers, auctions, and block trades for QIBs. It operates under Nasdaq Inc. (NASDAQ: NDAQ). The platform serves institutional only investors.
What fees does Nasdaq Private Market charge?
Nasdaq Private Market has a undefined% buyer fee structure. The minimum investment is $100K.
Is Nasdaq Private Market regulated and safe to use?
Nasdaq Private Market is a FINRA member and is SEC registered as an ATS. The platform has been operating for 13 years. While the platform is regulated, all private securities investments carry inherent risks.
What companies can I invest in through Nasdaq Private Market?
Nasdaq Private Market provides access to numerous private companies with a focus on All Sectors. Notable companies available include Docker, Strava, Hopper, Various Fortune 500 subsidiaries. The platform primarily covers late stage companies. Availability changes frequently based on seller interest and issuer approval requirements.
Who is Nasdaq Private Market best suited for?
Nasdaq Private Market is best for institutional investors, qualified institutional buyers, corporate treasury departments. Accreditation is required (Yes - QIB Only). The platform offers real-time pricing.
Fee Impact Calculator
Estimate total costs when investing through Nasdaq Private Market
Investment
$100K
Total Fees
$0
Net Deployed
$100K
No buyer fees — 100% of capital deployed
Exit Scenarios (after fees)
Based on minimum investment of $100K. Actual fees may vary. Does not account for taxes, carry, or time value of money. See our methodology for details.
People Also Ask
How does Nasdaq Private Market compare to other Pre-IPO platforms?
Nasdaq Private Market ranks among the top-rated platforms in the pre-ipo space with 13 years of operation. It competes on institutional-grade infrastructure with a $100K minimum. Compare platforms side-by-side on our comparison page.
What is the minimum investment on Nasdaq Private Market?
The minimum investment on Nasdaq Private Market is $100K. Investors must meet yes - qib only accreditation requirements.
Is Nasdaq Private Market legitimate and trustworthy?
Nasdaq Private Market has been operating since 2013 (13 years). It is a FINRA-registered broker-dealer and SEC-registered as an ATS. As with all private market investments, conduct thorough due diligence.
Can I sell my shares on Nasdaq Private Market?
Nasdaq Private Market supports secondary sales. Issuer approval is always required for transfers. Real-time pricing is available to help gauge fair value. Liquidity in private markets is limited compared to public exchanges.
What types of companies are available on Nasdaq Private Market?
Nasdaq Private Market provides access to a curated selection of private companies focused on All Sectors. The platform specializes in late stage companies. Notable names include Docker, Strava, Hopper, among others. Availability changes based on supply and issuer approval.
Quick Facts
- Founded
- 2013
- Headquarters
- New York, NY
- Min. Investment
- $100K
- Buyer Fee
- N/A
- Seller Fee
- N/A
- Accreditation
- Yes - QIB Only
- Investor Types
- Institutional Only
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Disclaimer: This review is for informational purposes only and does not constitute financial advice. Private equity investments are high-risk and illiquid. Always conduct your own due diligence and consult with a qualified financial advisor before investing. PEInvest may receive compensation from platforms featured on this site.