Market News - November 12, 2020

Secondary Trading on StartEngine

If you have visited the StartEngine platform recently, you may have noticed a new feature. StartEngine is now home to a secondary trading platform. On October 30th, StartEngine Secondary became the latest platform to let non-accredited investors trade investments in startups that have raised via Regulation CF or Regulation A+. Investors will only be able to trade shares in companies that raised via StartEngine at this time.

The platform is “regulated by the SEC and operated by StartEngine Primary, LLC, a broker-dealer registered with the SEC and FINRA.” As such, StartEngine has officially joined other platforms such as Netcapital in the addition of this secondary trading platform. The first company to launch on the StartEngine Secondary platform will in fact be StartEngine!

This is a major step in the right direction for the online private markets. And we want to congratulate our friends at StartEngine for continually pushing the space forward. The opportunity to trade shares from Reg CF and Reg A+ deals means that startup investors no longer have to wait years to see returns on investment, making an investment in an early-stage startup far more liquid than ever before.

For questions relating to the StartEngine Secondary platform, check out the FAQ page. Again, congrats to our friends at StartEngine for continuing to propel the online private equity market forward.

About: Olivia Strobl

Olivia comes to KingsCrowd with a background in venture capital and technology. She spent time at Glasswing Ventures, an AI-focused venture fund in Boston, before joining the KingsCrowd team. There she helped develop machine learning algorithms for the opportunity qualification of preseed and seed-stage startup companies. Prior to her time at Glasswing, Olivia worked in a lab studying the neural correlates of attention. She holds a degree in Neuroscience from Wellesley College.

View more articles by Olivia

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