Nasdaq launches new capital market for leading private companies

By Jennifer Chiou

New York, Nov. 22 - Nasdaq OMX announced a new capital market specifically for leading private companies in the launch of Nasdaq Private Market, LLC.

Nasdaq Private Market, through its affiliated multi-broker-dealer network and partners, will connect companies with a global community of investors and provide an integrated service to manage everything from structured liquidity programs to stock plan administration, according to a press release.

The new market will give capital market support whether a company seeks to optimize an eventual IPO or remain private permanently, the release noted.

Nasdaq Private Market made two new appointments to its senior leadership team: Carine Schneider will head equity management solutions and Cyndi Rodriguez will act as chief legal officer.

The release added that securities-related services will be offered through a registered broker-dealer and alternative trading system affiliated with Nasdaq Private Market called NPM Securities, LLC.

NPM Securities is undergoing the regulatory application process and is not yet in operation.

Schneider's prior experience involves equity plan management. She was previously the chief executive officer of EASi, a provider of global stock plan tracking and reporting software.

Rodriguez joins from the Securities and Exchange Commission and will oversee regulatory compliance.

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