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Nasdaq Private Market
Nasdaq Private Market (NPM) is an independent, New York-based financial technology and broker-dealer company that runs a marketplace for trading shares of private, pre-IPO companies. Through its SecondMarket platform, NPM helps startups, employees, shareholders, and institutional investors find liquidity before an exit - via tender offers, auctions, block trades, and custom company marketplaces - while bringing price discovery, data, and settlement infrastructure to a notoriously opaque corner of finance.
Tom Callahan
Tom Callahan is the CEO of Nasdaq Private Market (NPM), the New York firm building the plumbing for trading shares in companies that have not gone public. A 30-year markets veteran who ran a $700 billion cash business at BlackRock and led NYSE Liffe U.S., he took NPM's helm in 2022 and frames the private market as a multi-trillion-dollar asset class 'hiding in plain sight' - one whose infrastructure, he says, resembles the bond market of 1970. He argues tender offers will soon outpace IPOs as the way late-stage companies deliver liquidity.