08
January
2015
|
09:36 AM
America/Los_Angeles

Strong Secondary Shares Market Preps For 2015

Sharespost thumb

Secondary Shares market SharesPost provides liquidity for private companies.

The secondary shares market continued to prosper in 2014, with SharePost 100, an index fund of top late-stage private companies, reporting 17 IPOs and five acquisitions.

Here's SharePost's top performers:


- Zendesk - A provider of cloud-based customer service platforms. Founded in 2007, the shares have appreciated 171% since listing 05/15/14 through 12/31/14.

- TRUECar - TRUEcar provides direct certified dealer prices designed to simplify the car purchasing process. The shares have appreciated 154% since listing 05/16/14 through 12/31/14.

-  LendingClub - One of the largest IPOs of the fall, the peer-to-peer lending company is already up 69% since listing 12/11/14 through 12/31/14.

Nine new companies have been added to the SharesPost 100 List this quarter: Yext, Zenefits, Flipkart, Coupang, Intarcia Therapeutics, The Honest Company, MINDBODY and Instacart.


Svem Weber, portfolio manager of the SharesPost 100 fund said:

"This is a testament to the continued strength of the private market, which contains many companies that are transforming industries and enhancing how we live. Private companies have emerged as the engine of entrepreneurship in the twenty-first century."

SharesPost announced a joint venture with NASDAQ in 2013 to create the Nasdaq Private Market.