Once upon a time, going public was the big goal. Companies were started with dreams of becoming substantial, listing and providing a fantastic liquidity opportunity. Those days may be changing, though.
Says SecondMarket CEO Barry Silbert, ‘Going public, it used to be the pinnacle of success for companies. But today, it’s not.’
We’ve covered private secondary markets a lot recently, here at IR magazine, largely because the action in high-profile companies (such as Facebook and Twitter) has been significant. And, the markets themselves have been becoming more recognisable to the public.