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Consortium awaits MAS nod to test market for private-company shares

Proposed exchange, known as Hg Exchange, is aimed at investors in South-East Asia

Published Thu, Jan 24, 2019 · 09:50 PM

Singapore

A CONSORTIUM of traditional and new-age brokers is coming together to test a market to trade private-company shares, and is awaiting approval from the Monetary Authority of Singapore (MAS) to begin its experiment.

It joins a list of sprouting ventures attempting to model themselves like Nasdaq Private Market, a market that emerged out of Nasdaq's joint venture with trading platform SharesPost in 2013. Such platforms attempt to generate trading liquidity for securities of private, unlisted, companies.