Crowdfunding Platform Seedrs Enters New Phase With Secondary Market
Crowdfunding platform Seedrs is launching a ‘trading Tuesday’ for investors to buy and sell shares in start-ups. The trading day is listed as the first of a series of regular chances to take part in the platform’s secondary market.
Seedrs has tested the formula since 2014 and has completed 200 trades involving 2.5 million shares. Currently, only shareholders in a business can buy shares and prices are set at a fair valuation, but the platform hopes to open the market.
“The implementation of a secondary market for private shares is actually quite complex. This is why it doesn’t really exist in any meaningful way yet,” says Seedrs.