NPM Launches Private Share Prices as Market for Data Grows
- Nasdaq Private Market product based on trades, filings
- Company acquired VC Experts’ 30 years of data in 2022
Private firms make up an increasingly large share of corporate financings as firms take longer to list on the public markets.
Photographer: Michael M. Santiago/Getty ImagesThis article is for subscribers only.
Nasdaq Private Market LLC is publicly launching a proprietary pricing product for private companies, joining an increasingly competitive space for data on potential IPO candidates.
For the past month, privately-held NPM has been showing off a product called Tape D to its own investors – Wall Street’s biggest banks. Now, the firm is unveiling its offering more broadly with a public launch on Thursday.