Equity-based crowdfunding platform, CircleUp plan to introduce a secondary market, in response to demand from companies that have raised money on the platform. It will hold stock sales twice a year, with 15 companies participating in the initial launch. CircleUp will join others, including SecondMarket and SharesPost who have also created secondary markets for private shares, as the implosion of angel investing in the US and the emergence of the equity crowdfunding sector matures to present concerns over liquidity.
Equity-based crowdfunding platform, CircleUp plan to introduce a secondary market, in response to demand from companies that have raised money on the platform. It will hold stock sales twice a year, with 15-20 companies participating in the initial launch. CircleUp will join others, including SecondMarket and SharesPost who have also created secondary markets for private shares, as the implosion of angel investing in the US and the emergence of the equity crowdfunding sector matures to present concerns over liquidity.