Nasdaq Private Market, the pre-IPO marketplace for private companies, and Astrella, a leading provider of software and services for going public, today announced a strategic collaboration.
The partnership will provide private companies with a comprehensive solution for going public, from preparation and compliance to listing and trading. The new collaboration is designed to enable private companies to seamlessly manage company-sponsored liquidity events and cap table administration.
The strategic collaboration between Nasdaq Private Market and Astrella will help private companies go public and provide a comprehensive solution for going public. The partnership will include Astrella’s software and services, which will complement Nasdaq Private Market’s existing platform. This collaboration will help private companies grow and thrive.
About Nasdaq Private Market (NPM)
Nasdaq Private Market is a SaaS provider for private firms and investment funds that want to conduct tender offers or share buybacks. NPM, as a major provider of secondary liquidity solutions to global private corporations, has assisted in the purchase and sale of private tenders, share buybacks, auctions, and continuous trading.
Over $40 billion in transactional volume has flowed through NPM across 560 private company-sponsored liquidity events since its inception, as it supports over 100,000 stockholders for many of the world’s leading private companies.
The NPM platform provides all of the above for private firms starting at the pre-IPO stage, including tender offers, auctions, investor block trades, company-directed windows of liquidity and pre-direct offering continuous trading.
NPM also provides a set of APIs, so that companies can give their employees and investors the ability to trade without having to go through an exchange. The company’s comprehensive technology and capital market tools are designed to support private company needs.
Astrella is the industry-leading provider of software and services for going public. Astrella’s technology helps private companies prepare for and comply with the complex process of going public. The company’s software offerings include an end-to-end solution for going public, as well as a suite of products for managing key aspects of the going public process. Astrella’s services include a full range of support for going public, from compliance to listing and trading.
Private blockchain technology, artificial intelligence (AI), and predictive analytics are all elements of Astrella which is built with an open API ecosystem that integrates with leading providers like 409A valuation providers, HR administrators and fundraising platforms.
This collaboration will allow businesses to utilize Astrella to manage their cap table records, as well as run company-sponsored liquidity events on NPM’s platform, in a more seamless manner.
Astrella currently supports companies in 23+ countries and clients range in size from brand new companies with 2 shareholders to multi-billion dollars unicorn private pre-IPO companies.