For companies that are not yet ready to go public, SecondMarket has become the best place to raise capital. This is the only place where you can buy Facebook stock the Holy Grail of IPOs. The recent series C investment raises its valuation to $200 million, according to the Wall Street Journal.
The founder of Social+Capital Partnership recently invested $17 million in enterprise social network, Yammer said the following in a statement: “SecondMarket has become the preeminent platform for private company shares enabling companies to meet their liquidity needs, help retain and reward talent, and provide start-ups with an opportunity to monetize and grow their businesses.”
Cantor Fitzgerald & Co. and Liquidnet in the last few months have become competition for SeconMarket. Both have expanded their portfolios to include pre-IPO trading of shares.