SecondMarket

SecondMarket — one of the most known platforms for sale of shares of the non-public companies, it is possible to trade in them provided that the cost of the company is estimated not less than at $200 million, Silbert said earlier. As a rule, it is the companies which outgrew startup level, but yet not ready to entry into the exchange. SecondMarket earnings — assignments from transactions with actions which take place through this platform.

History

• All 2010 on SecondMarket and the similar platform SharesPost were actively traded shares of social network Facebook, IPO of which can take place only in the fall of 2012. On these platforms Facebook took shares at her employees DST Global investment fund.

• On September 28, 2011 it became known that the founder of Mail.ru Group and DST Global Yury Milner became the co-investor of the exchange of secondary trading in securities SecondMarket. Investors estimated all company at $160 million^[1].

Milner in consortium with other investors acquired shares of SecondMarket, the founder of this electronic exchange Barry Silbert in its official blog reported. Jointly consortium members paid $13 million for a share in SecondMarket, he wrote. It was confirmed by Milner's acquaintance, having emphasized: it is personal investment of the businessman.

The foundation The Social + Capital Partnership which is set up by the former top manager of Facebook Chamat Palikhapitya became the main investor in SecondMarket. His partners — Milner, fund A Grade Investments, Shaquille Khan, Jan Osborne, Stefan Paternot, Franck Lavin, Dan Schwartz and other investors, Silbert reports. Also among investors of SecondMarket there are an actor and one of the users of Twitter, most popular in the world — Asheton Kutcher, adds the VatorNews edition.

All SecondMarket is estimated at $160 million, i.e. new investors could receive about 8% of shares. They redeemed them from employees and shareholders of the exchange — participants of the program of sale of shares. Earlier SecondMarket attracted $19.2 million from the richest (according to Forbes) the Chinese businessman Li Ka-Shinga, FirstMark Capital and Temasek.

Investment into SecondMarket can become the good financial investment for Milner preferring the innovative companies with a nonconventional business model, the analyst of Troika Dialog Anna Lepetukhina says. On the other hand, the situation in the markets is unstable, the companies refuse the IPO and their employees will sell even more often papers in secondary markets like SecondMarket, she adds.

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